EIOPA examines causes of insurers’ failures and near misses
The European Insurance and Occupational Pensions Authority (EIOPA) published a report on „Failures and near misses in insurance: Overview of the causes and early identification“ to enhance the understanding of the causes of insurers‘ failures and near misses.
The financial crisis put a substantial amount of insurance undertakings and groups under severe financial distress. Although the majority of troubled institutions were banks, several insurers were also affected. Among other reasons, this was attributable to inappropriate investment decisions by insurers, which led to significant losses, the interconnectedness with banks or, in general, evidence of poor governance. Weiterlesen…
