The recent COVID-19 outbreak and significant increase in resulting global uncertainty poses many challenges to financial sectors. Many regulators took measures to safeguard the resilience of financial institutions by requesting postponements of dividend distributions until uncertainties about further development diminished. Specifically, on 2 April 2020, the European Insurance and Occupational Pensions Authority issued a statement requesting that re/insurers suspend all discretionary dividend distributions and share buybacks aimed at remunerating shareholders. Although the goal was to strengthen the overall financial stability of the sector, it may have negatively influenced insurers’ equity prices in the short term. Hence, this paper empirically investigates this potential effect using an event study methodology. Although negative drops were observed in some cases, the obtained empirical results suggest that they were not statistically significant for the European insurers’ equity market when considering the event windows covering several days after the statement was published.

最近爆​​发的 COVID-19 以及由此导致的全球不确定性显着增加给金融部门带来了许多挑战。许多监管机构采取措施，要求推迟派息，直到进一步发展的不确定性减少，以保障金融机构的弹性。具体而言，2020 年 4 月 2 日，欧洲保险和职业养老金管理局发表声明，要求再保险公司暂停所有旨在为股东提供报酬的全权股息分配和股票回购。尽管目标是加强该行业的整体财务稳定性，但它可能在短期内对保险公司的股价产生负面影响。因此，本文使用事件研究方法对这种潜在影响进行了实证研究。