A shared reporting framework is crucial in producing comparable data – but it may not be sufficient if its application on the ground varies, such as in how values are calculated.
The European Insurance and Occupational Pensions Authority (EIOPA) has published an Opinion urging the disclosure of individual results of insurance stress tests.
We missed some important news back in September, when the European Commission announced a comprehensive ‘review package’ of Solvency II rules.
The European Insurance and Occupational Pensions Authority (EIOPA) has published a consultation paper on amendments to its supervisory reporting and disclosure requirements under Solvency II.
On 14 November, the UK’s Prudential Regulation Authority (PRA) published a public disclosure of Solvency II related regulations, the PRA’s supervisory approach and supervisory disclosures applicable to the year-end 2018. These are regulations primarily relevant to PRA authorised insurance companies and other insurance regulators. Designed to foster transparency and accountability between supervisory authorities, the extensive […]
On 15 July the European Insurance and Occupational Pensions Authority (EIOPA) released its updated Solvency II Data Point Models and XBRL taxonomies. The taxonomy and all related documents, including filing rules, details of the changes made, the Data Point Model, validations and instructions can be found here.
The European Insurance and Occupational Pensions Authority (EIOPA) are consulting on proposed amendments to the implementing technical standards (ITS) for Solvency II disclosures and reporting. The proposed amendments affect the supervisory reporting templates and procedures for insurance and reinsurance, addressing the amendment to regulation regarding the calculation of regulatory capital requirements for securitizations as well […]
The Prudential Regulation Authority of the Bank of England is consulting through to early June on a format change for a number of insurance reporting submissions in order to align its Solvency II Quantitative Reporting Templates with a range of EIOPA data requirements. The UK’s regulatory authorities continue to work towards the standardisation of supervisory […]
If you are wondering how to deal with granular data, high frequency data, ad-hoc requests, and data quality, then consult the experts who will be at Data Amplified.
Fujitsu has released an article on the issues facing both regulators and market participants with regards to Solvency II. “Solvency II – Ensure Compliance” provides a comprehensive overview of the approach taken by regulators, including EIOPA and National Competent Authorities, along with concrete examples of compliance efforts by the Financial and Capital Markets Commission of Latvia and […]