General Insurance Article - EIOPA amendments to supervisory templates under Solvency II


The European Insurance and Occupational Pensions Authority (EIOPA) published a draft amendment to the Implementing Technical Standards (ITS) on the templates for the submission of information to the supervisory authorities.

 This amendment follows the changes introduced in the Solvency II Implementing Measures on tailored treatments to insurers' investments in infrastructure, in European Long-Term Investment Funds (ELTIFs) and in equities traded through multilateral trading platforms.

 The proposed amendment is required to collect meaningful information for supervisory purposes. At the same time it ensures the smallest impact possible for the implementation by the industry and national supervisors.

 The draft ITS follow the public consultation. Click here to view the Final Report on this consultation containing EIOPA's reasoned feedback on the comments received.

 The draft ITS have been submitted to the European Commission for endorsement.

 To ensure timely reporting with reference date of 31 December 2016, EIOPA will issue the adapted XBRL taxonomy (version 2.1.0) in July 2016. The Public Working Draft (2.1.0 PWD) of this taxonomy was published on 1 June 2016 to be tested by market participants and further reviewed.
 
 Click here to view the draft amendment to the Implementing Technical Standard (ITS) on the templates for the submission of information to the supervisory authorities.
  

Back to Index


Similar News to this Story

Hong Kong property insurance industry to exceed $1bn by 2030
The Hong Kong (China SAR) property insurance industry is projected to grow at a compound annual growth rate (CAGR) of 7.5%, increasing from HKD7.0 bi
Hailstorms hit record damages from severe convective storms
The frequency and intensity of severe convective storm (SCS) events have increased significantly, leading to insured losses in billions of US dollars
Iran conflict narrows travel insurance options
Conflict involving Iran is beginning to have a tangible impact on the cost and practicalities of travel, with higher fuel prices, disrupted flight rou

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.