{"id":16732474,"date":"2025-07-28T15:10:11","date_gmt":"2025-07-28T13:10:11","guid":{"rendered":"https:\/\/www.fma.gv.at\/?page_id=16732474"},"modified":"2025-12-16T09:27:02","modified_gmt":"2025-12-16T08:27:02","slug":"drivers-of-risk","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/insurance\/stress-tests-insurance-companies\/drivers-of-risk\/","title":{"rendered":"Drivers of Risk"},"content":{"rendered":"
\"\"<\/span>
\n

Drivers of Risk in relation to Stress Tests – Insurance<\/p>\n<\/div><\/div>

<\/div>

Drivers of risk for insurance undertakings relate to market risk, credit risk, liquidity risk, underwriting risk, profitability risk, lapse risk and solvency risk as well as operational risk. <\/p>

Except for liquidity risk, Solvency II<\/a> addresses such risks by means of corresponding shocks when calculating the own funds requirement. This is also the reason why the supervisory focus has shifted to liquidity risk, especially since the outbreak of the Corona crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Drivers of risk for insurance undertakings relate to market risk, credit risk, liquidity risk, underwriting risk, profitability risk, lapse risk …<\/p>\n","protected":false},"author":20,"featured_media":11752677,"parent":16732163,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"landing-page.php","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-16732474","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nDrivers of Risk - 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\/insurance\/stress-tests-insurance-companies\/drivers-of-risk\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drivers of Risk - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Drivers of risk for insurance undertakings relate to market risk, credit risk, liquidity risk, underwriting risk, profitability risk, lapse risk ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/insurance\/stress-tests-insurance-companies\/drivers-of-risk\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T08:27:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2025\/07\/Risikotreiber-Teaser.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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/stress-tests-insurance-companies\\\/drivers-of-risk\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/insurance\\\/stress-tests-insurance-companies\\\/drivers-of-risk\\\/\",\"name\":\"Drivers of Risk - 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