Stress testing in a SII environment
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Communication of results<br />
• Based on experience <strong>in</strong> several countries, <strong>in</strong>surance supervisors tend to be more<br />
restrictive <strong>in</strong> terms of what <strong>in</strong>formation they disclose compared to the bank<strong>in</strong>g case.<br />
• However: Generally, disclos<strong>in</strong>g results is recommendable<br />
• The disclosure should be comb<strong>in</strong>ed with clear messag<strong>in</strong>g on the<br />
► The nature and objective of the exercise;<br />
► The stresses applied;<br />
► The <strong>in</strong>surers <strong>in</strong>cluded <strong>in</strong> the exercise;<br />
► Any (simplify<strong>in</strong>g) assumptions made;<br />
► Available mitigat<strong>in</strong>g actions that have or have not be<strong>in</strong>g taken <strong>in</strong>to account;<br />
► General conclusions.<br />
INTERNATIONAL MONETARY FUND 31
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