Upon decision of the Bank of Greece, the local insurance market will be subjected to stress tests, conducted this fall by the European Insurance and Occupational Pensions Authority (EIOPA).  All Greek insurance companies are to be evaluated, unlike other European markets, where only 50 percent of insurers will undergo the EIOPA test, hence to adjust to the new monitoring environment.

Nearly 50 Greek companies, including bank subsidiaries, will need to send data to EIOPA during the summer for the test to be completed during the fall. The results are expected to be issued in November.