Rapid shocks in store for insurers in new Bank of England tests ...Middle East

[1/2]A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo Acquire Licensing Rights LONDON, Oct 3 (Reuters) – The Bank of England said on Tuesday it will check the health of general insurers in 2025 with a ‘stress test’ that includes a rapid series of shocks, as sector capital rules are eased. Regulators have introduced stress tests since the global financial crisis of 2008 to check if banks and insurers are holding enough capital, and uncover risks on their books, typically using “shock scenarios” spanning several years. “The dynamic nature of the 2025 exercise represents a significant change from previous exercises and wil

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Rapid shocks in store for insurers in new Bank of England tests ...Middle East

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