In this context, it would be important to also consider possible qualitative changes in market structures that could give rise to new systemic vulnerabilities and that may be difficult to subsequently control or reverse.
The assets of insurance sector, representing about 3.0 percent of the total assets of the financial system, in September 2021, reached the value of 235.7 million Euros, representing an annual increase of 10.0 percent. It is important to emphasize that the capital of the insurance sector has been increased this year as well, as a result of the CBK’s request for a capital increase.