Proposed ITS amendments on Solvency II reporting and disclosure requirements for non-life and life insurance undertakings submitted to the Commission | EIOPA
On 31 March 2022, the European Insurance and Occupational Pensions Authority (EIOPA) submitted proposals for the amendment of implementing technical standards (ITS) concerning Solvency II reporting and disclosure requirements for insurance undertakings to the European Commission. The proposed amendments were subject to public consultation in 2021, and they have been adjusted based on feedback received during the consultation. Amendments are also proposed to the EIOPA Guidelines on reporting for Financial Stability Purposes (EIOPA-BoS-15/107).
The proposed amendments are based on the advice issued by EIOPA to the Commission in December 2020, which was based on an extensive review of reporting and disclosure needs.
The proposed amendments cover a large variety of subjects and several reporting templates. They involve amendments to current templates and the introduction of new ones. The amendments are displayed in detail in the Annotated templates file published by EIOPA.
The proposed amendments to the technical standards, the impact assessment on the amendments, the consultation feedback and the annotated templates are available at the EIOPA website: Draft Amended Implementing Technical Standards (ITS) on supervisory reporting and disclosure.
The proposed amendments are to be incorporated into the XBRL taxonomy version 2.8.0 of Solvency II reporting. They are proposed to be applicable, subject to the approval by the Commission, for the first time in the reporting of annual and Q4 data for 2023. EIOPA published a Public Working Draft of the taxonomy version 2.8.0 the 4 April 2022.
For further information, please contact