Bulgaria's Insurance, Pension Insurance Sectors Stable, Assets Review, Stress Tests Show
Monday, 06 February 2017
The review of the assets of Bulgaria's pension funds and the balance sheets of the insurance and reinsurance companies, as well as the stress tests of insurers and reinsurers showed that the country's insurance and pension insurance sectors are stable, the country's financial regulator said on Friday.
The Bulgarian insurance sector remained above 100% of the capital requirements, the Financial Supervision Commission (FSC) said in a statement on its website.
The pension funds’ assets review and insurance balance sheet review were performed between July 15 and the end of January. The information on the results of the reviews was provided by the independent external reviewers and was summarized by international consulting company Ernst&Young.