UK insurance industry survives stress tests
The strength of the UK insurance industry has been underlined following the results of the second European insurance stress test, according to the Association of British Insurers (ABI).
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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