{"id":15699966,"date":"2025-09-10T13:44:23","date_gmt":"2025-09-10T11:44:23","guid":{"rendered":"https:\/\/www.fma.gv.at\/?page_id=15699966"},"modified":"2025-11-12T08:27:25","modified_gmt":"2025-11-12T07:27:25","slug":"solvency-risks","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/pensionskassen\/stress-tests-pension-companies\/solvency-risks\/","title":{"rendered":"Solvency Risks"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><div class=\"wp-block-cover has-custom-content-position is-position-bottom-right\"><img loading=\"lazy\" decoding=\"async\" width=\"1700\" height=\"716\" class=\"wp-block-cover__image-background wp-image-11754002 size-full\" alt=\"\" src=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Cover.jpg\" data-object-fit=\"cover\" srcset=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Cover.jpg 1700w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Cover-320x135.jpg 320w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Cover-640x270.jpg 640w, https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Cover-1536x647.jpg 1536w\" sizes=\"auto, (max-width: 1700px) 100vw, 1700px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#5c6f92\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<p class=\"has-text-align-right has-medium-font-size wp-block-paragraph\">Solvency Risks &ndash; Pension Companies<\/p>\n<\/div><\/div><p class=\"wp-block-paragraph\"><\/p><p class=\"wp-block-paragraph\">Pension companies are required to have adequate own funds to be able to secure the claims of beneficiaries (entitled and recipients) as well as to ensure the pension company&rsquo;s ability to function. A minimum yield reserve (MYR) is also required to be formed for commitments with a minimum yield guarantee, which is exclusively intended for covering the minimum yield. While the MYR counts towards equity capital, due to its special allocation, it is not considered as part of the minimum capital requirement. <\/p><p class=\"wp-block-paragraph\">A holistic view is necessary for assessing under supervisory law whether the minimum requirement is duly met. This joint consideration of available own funds and MYR then results in the legally required excess coverage of the minimum regulatory requirements.<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pension companies are required to have adequate own funds to be able to secure the claims of beneficiaries (entitled and &#8230;<\/p>\n","protected":false},"author":20,"featured_media":11754011,"parent":15697817,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"landing-page.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-15699966","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Solvency Risks - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/pensionskassen\/stress-tests-pension-companies\/solvency-risks\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solvency Risks - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Pension companies are required to have adequate own funds to be able to secure the claims of beneficiaries (entitled and ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/pensionskassen\/stress-tests-pension-companies\/solvency-risks\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-12T07:27:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Solvabilitaetsrisiken-Teaser-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/\",\"name\":\"Solvency Risks - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Solvabilitaetsrisiken-Teaser-2.jpg\",\"datePublished\":\"2025-09-10T11:44:23+00:00\",\"dateModified\":\"2025-11-12T07:27:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Solvabilitaetsrisiken-Teaser-2.jpg\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2025\\\/07\\\/Solvabilitaetsrisiken-Teaser-2.jpg\",\"width\":1320,\"height\":440},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/stress-tests-pension-companies\\\/solvency-risks\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pensionskassen\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/pensionskassen\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Stress Tests &#8211; 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