Financial Stability Report June 2023

The European Insurance and Occupational Pensions Authority (EIOPA) published today its June 2023 Financial Stability Report which takes stock of the key developments and risks in the European insurance and occupational pensions sectors.

EIOPA notes that the European economy is currently experiencing a new period of high uncertainty and elevated financial stability risk. Persistent inflation, the fraught geopolitical landscape and rising financing costs – also in the wake of the recent financial turmoil – pose challenges to growth prospects in Europe and the business conditions of financial institutions. Despite the challenging environment, insurers and pension funds have remained resilient.