EIOPA consults on the amendments of supervisory reporting and disclosure requirements

The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the amendments of supervisory reporting and disclosure requirements under Solvency II.

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https://www.eiopa.europa.eu/content/eiopa-consults-amendments-of-supervisory-reporting-and-disclosure-requirements_en

Retrieved on:

Saturday, July 24, 2021

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Capital requirement, European Insurance and Occupational Pensions Authority, European Union, Insurance regulation, Money, Solvency II, Business law, Own risk and solvency assessment

Summary

Key Points:

The European Insurance and Occupational Pensions Authority (EIOPA) published today a consultation on the amendments of supervisory reporting and disclosure requirements under Solvency II.
After a number of years of the implementation of Solvency II and the information received by national supervisory authorities it is important to ensure that the regular supervisory reporting remains fit for purpose.
In this consultation paper, EIOPA proposes amendments to the reporting requirements, which are mainly based on the Report on quantitative reporting templates published together with the 2020 Solvency II Opinion.
In addition to those changes, the proposals include simplification of quarterly reporting for all undertakings, elimination of some reporting templates for all undertakings and new thresholds to promote better risk-based and proportionate reporting requirements.