The European Insurance and Occupational Pensions Authority (EIOPA) published today its April 2026 Insurance Risk Dashboard. The main findings show that risks in the European insurance sector are stable at a medium level.
- Somewhat higher inflation expectations, combined with persistent geopolitical tensions, continue to shape the macroeconomic environment. Uncertainty surrounding the conflict in Iran and its potential implications for energy prices may further amplify downside risks.
- Credit risks remain steady, with broadly unchanged fundamentals and high portfolio quality, despite some reallocation toward riskier bond segments and wider spreads.
- Increasing volatility in both bond and equity markets is driving a more elevated market risk outlook.
- Liquidity and funding conditions remain broadly unchanged, supported by stable cash and liquid asset and supportive lapse developments.
- Solvency and profitability risks are stable at a medium level, with modestly stronger capital positions and mixed profitability indicators.
- Strong premium growth and stable underwriting performance support a medium level of insurance risks, although uncertainty around marine, aviation and trade-related claims persists.
- Digitalisation and cyber exposures continue to shape the risk landscape. In the current geopolitical context, cyber threats remain a significant concern, adding complexity both to insurers’ operations and to the underwriting of cyber risks.
Background
This Insurance Risk Dashboard, based on Solvency II data, summarises the main risks and vulnerabilities in the European insurance sector through a set of risk indicators from the fourth quarter of 2025 and end-2024. The data is based on financial stability and prudential reporting collected from 94 insurance groups and 2092 solo insurance undertakings. The Solvency II information is complemented with market data with cut-off date end-March 2026.
Details
- Publication date
- 30 April 2026