Vernieuwde rapportagevereisten voor verzekeraars

Starting from 31 December 2023, significant changes in reporting requirements will be applicable to insurance companies under Solvency II.
In the first quarter of 2024, insurers must report on the fourth quarter of 2023 according to the new rules, also known as taxonomy 2.8.0.
By 8 April 2024, insurers must report for the entire fiscal year 2023 based on adjusted requirements. This represents the most substantial alteration in reporting since the introduction of Solvency II in 2016. The implementation process involved extensive communication among various stakeholders, including the EU regulator, EIOPA, 27 local EU supervisory authorities (including DNB), the insurance sector, and others.
The key changes involve reporting on ‚cross-border activities,‘ ’sustainable investments,‘ ‚information on insurance product categories, information on underwritten cyber risks,‘ and ‚the standardization of templates for (Partial) Internal Model insurers.
These changes include not only modifications to existing reports or expansions but also the removal of several reporting components. An assessment conducted by EIOPA in collaboration with local supervisory authorities found that some reports provided less valuable information than expected, leading to the decision to no longer request them for the fiscal year 2023.
All parties involved recognize that altering reporting requirements has a significant impact on both reporting entities (in this case, the insurance sector) and recipients. Therefore, extensive discussions with stakeholders, including public consultation, took place during the preparatory phase. EIOPA has also established an elaborate process of questions and answers.