Allianz blasts 'half-cooked' insurance stress tests

Global insurer Allianz has criticised the European Insurance and
Occupational Pensions Authority (Eiopa)'s EU-wide stress tests
for being "half-cooked".
In an interview with the Financial Times yesterday (12
June), Allianz's head of regulatory strategy Tobias Buecheler
said that while insurance stress tests made sense in principle, the
scenarios in the latest exercise would not produce a meaningful
result.
Eiopa's tests look at two scenarios: a prolonged period of
low rates and a short-term shoc