E.U. regulator to test insurers for interest rate impact

Posted On: Apr. 30, 2014 12:00 AM CST

The European Insurance and Occupational Pensions Authority is to test European insurers to check whether they would be able to do business even if interest rates continued to be at historic lows for a prolonged period, reports Reuters.

The tests will be carried out during the coming weeks and EIOPA will publish the results in November 2014.

EIOPA chairman Gabriel Bernardino said the test is "not about the individual failure of companies," and is "not a pass/fail test," Reuters reported.