22/12/2022 (Agence Europe) – The European Insurance and Occupational Pensions Authority (EIOPA) has warned about the impact of inflation on the insurance sector, in an supervisory statement on inflation published on Thursday 22 December. EIOPA pointed out that due to low inflation over the last 20 years, estimates based solely on historical data may lead to an underestimation of technical provisions in the current economic environment. It has therefore prompted insurance companies to reassess their expectations of inflation in technical provisions. The Authority also informed that inflation is likely to have an impact on the value of some assets. It invited entities, in particular those using alternative valuation methods for investments and exposed to inflation, to adjust the valuation methods and/or their parameters. To view the supervisory statement: https://aeur.eu/f/4rm (AD)