UK insurance industry survives stress tests

Tug of war team pulling on rope

Commenting on the results published by the European Insurance and Occupational Pensions Authority (EIOPA), Peter Vipond, director of financial regulation and tax at the ABI, said that the results reinforced that capital reserves were robust.

“These results show the strength and stability of the UK insurance industry. As far as we are aware no UK firm failed this stress test.

"Many UK insurers have increased their capital buffers in preparation for the new Solvency II regime and hold enough

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