In late December, following technical stakeholder feedback, EIOPA published several corrective updates to the Data Point Model and XBRL Taxonomy files to: Fix issues surrounding instance file submission; introduce Row/Column Codes in Annotated Templates; and provide information on the deactivation of specific validation rules. EIOPA is considering the publication of an additional release in February and will […]
A one-day, free event to inform European and international students and academics on research and career opportunities in the areas of electronic supervision standards, frameworks, and initiatives. Poznan, Poland on 18 November.
The Bank of England’s Prudential Regulatory Authority recently held a seminar of insurance industry members on Solvency II, providing information on what firms need to do to prepare for transposition on 31 March 2015 and implementation on 1 January 2016. Topics included a full policy and implementation overview, modelling, technical information and more. Download the presentations.
XBRL Spain is hosting a Solvency II Seminar in Madrid on 28 October
EIOPA has issued guidelines on the use of the Legal Entity Identifier (LEI) by national competent authorities to allow the use of these unique identification code for insurance and reinsurance undertakings across Europe. Unless their national regulator advises differently, regulated institutions that need to apply the Solvency II Directive must apply for their LEI(s) by 30 June […]
The next XBRL EU Day & 20th Eurofiling Workshop will be held from 24-27 November 2014 in Brussels, Belgium.
The UK is planning to adopt a stringent version of European Union (EU) rules on capital adequacy for its own underwriters, despite realizing that it will face criticism from EU members. Britain’s Prudential Regulation Authority (PRA) chief executive Andrew Bailey was quoted by Reuters as saying that the proposed rule, known as Solvency II (S-II), […]
ACORD and XBRL International, in collaboration with BR-AG (Business Reporting Advisory Group), today released a discussion paper examining touch points between the XBRL Solvency II taxonomy and ACORD’s Global Reinsurance and Large Commercial (GRLC) standards. The paper’s release was announced jointly by BR-AG’s CEO Michal Piechocki and ACORD’s Chief Industry and Government Affairs Officer, Ann […]