EIOPA financial stability report 2011: second half-year report

EIOPA's Financial Stability Report for the first six months of 2011 already highlighted the increasing risk stemming from the sovereign debt crisis in the Eurozone. This issue is now negatively affecting the European insurance sector not only by declining assets values, but also by reduced demand for insurance as economic growth prospects deteriorate.

EIOPA's Financial Stability Committee (FSC) has updated its report on the financial stability of the insurance and occupational pension fund sectors in the EU/EEA. The current report covers developments in financial markets, the macroeconomic environment, and the insurance, reinsurance and occupational pension fund markets as of 7 December 2011 unless otherwise indicated