Allianz, Aviva and Axa are among the European Union’s 30 largest insurers to go through stress tests in December to help policymakers judge their resilience to economic shocks and improve supervision.

The insurers will face three scenarios including an adverse shock that mirrors the performance of markets over the 12 months from September 2008, the Committee of European Insurance and Occupational Pensions Supervisors (Ceiops), said on Friday.