Final Report on Guidelines on a range of macroeconomic and financial scenarios - IRRD

These Guidelines outline a range of macroeconomic and financial stress scenarios to be used for assessing the credibility and feasibility of insurers’ pre-emptive recovery plans. The scenarios include both system-wide and insurer-specific stress events—such as mass policy lapses and underwriting losses as well as a combination of these events—whose impact will be assessed on the solvency position, liquidity and profitability of the undertaking or group.