In addition, survey results by EIOPA indicate that insurers have adjusted largely by focusing on diversification into non-life and asset management businesses or lowering of the guaranteed rates on new policies. 3  2  EIOPA (2014). “EIOPA Insurance Stress Test 2014”, available at https://eiopa.europa.eu. 3  EIOPA (2014), “Low https://eiopa.europa.eu.
2  interest  rate  environment  stock  taking  exercise  2014”,  available  at  BIS central bankers’ speeches  A third potentially problematic dimension of adjustment is related to incentives to increase concentration to reduce costs, which can bring with it financial stability concerns.