Kommunal Landspensjonskasse Statement re EIOPA stress test (9160V)
December 16 2021 - 11:59AM
UK Regulatory
TIDM41CO
RNS Number : 9160V
Kommunal Landspensjonskasse
16 December 2021
2021 Insurance Stress Test results
The 2021 Insurance Stress Test results of Kommunal
Landspensjonskasse (the 'Participant') are based on data and
information (the 'Data') provided by the Participant to the
national authority competent for its supervision. The Data has been
provided to the European Insurance and Occupational Pensions
Authority (EIOPA) in accordance with Regulation (EU) 1094/2010.
EIOPA is not liable for errors or discrepancies of the Data
Transparency is important to us. Hence, we have elected to
publish our results as EIOPA has requested of the participants in
this stress test. The results show a significant decrease in assets
over liabilities. Without LTG and transitional measures the asset
are in fact less than the liabilities. We want to point out that
neither planned risk reductions nor our significant possibilities
for raising capital is included as assumptions for these results.
These are essential components of our risk management and our
solvency capital ratio.
The 2021 Insurance Stress Test results of Kommunal
Landspensjonskasse is available on the Company's website
https://www.klp.no/en/financial-information under "Reports 2021".
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