Events listed in Solvency II Directive
Insurance
consultation
EIOPA consults on its methodology for setting value-for-money benchmarks
ID 26323
EIOPA has initiated a public consultation on its proposed methodology for establishing value-for-money benchmarks for unit-linked and hybrid insurance products. This effort is part of EIOPA’s ongoing work to provide supervisors with risk-based tools to identify products that may not offer fair value for money in the market. The consultation outlines a three-step approach: 1. Product Clustering: EIOPA suggests categorizing unit-linked and hybrid insurance ...
Insurance
consultation
EIOPA consults on the prudential treatment of sustainability risks
ID 26244
EIOPA has initiated a consultation on the prudential treatment of sustainability risks, marking the second phase in its approach under the Solvency II Directive. This directive mandates EIOPA to assess whether a dedicated prudential treatment for assets or activities associated substantially with environmental or social objectives is justified. The consultation paper follows a risk- and evidence-based approach, assessing the potential for prudential treatment of ...
EIOPA updates representative portfolios to calculate volatility adjustments to the ...
ID 26101
EIOPA published the updated Technical Documentation of the methodology to derive EIOPA’s risk-free interest rate term structures and updated representative portfolios that will be used for calculation of the volatility adjustments to the relevant risk-free interest rate term structures for Solvency II. These updated representative portfolios are included in an updated version of the RFR Technical Documentation, which also contains some errata to the ...
Commission Implementing Regulation (EU) 2023/2574 (Insurance and Reinsurance).
ID 25876
Commission Implementing Regulation (EU) 2023/2574 of 20 November 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 September 2023 until 30 December 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance [Commission Implementing Regulation ...
Vernieuwde rapportagevereisten voor verzekeraars
ID 25460
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 ...
Ergebnisse der fünften quantitativen Auswirkungsstudie zu Solvency II (QIS 5)
ID 25428
Die BaFin hat die Ergebnisse der fünften quantitativen Auswirkungsstudie (QIS 5) zu Solvency II veröffentlicht. Im Rahmen dieser Studie wurden 251 Versicherungsunternehmen und 26 Unternehmensgruppen unter Bundesaufsicht aufgefordert, die quantitativen Anforderungen des neuen Solvency II-Rahmenwerks zu testen. Die Unternehmen lieferten nicht nur quantitative Daten zur Bilanzneubewertung, Solvenzkapital- und Eigenmittelbestimmung, sondern auch ausführliche Kommentare zur Bewert ...
Dataloop voor Solvency II Verzekeraars live op 1 november
ID 25387
The Dataloop application for Solvency II insurers is launched on 1 November 2023 within My DNB. It offers an enhanced user experience for interacting with DNB regarding supervisory reports and enables more efficient assessment of report data quality by DNB. Solvency II is a European Union directive that governs the insurance and reinsurance industry, and it sets out regulatory requirements for insurers to ensure ...
Versicherungsaufsicht: Hinweise für das Berichtswesen und Auslegungsentscheidung ...
ID 25306
Die BaFin hat ihre jährliche Aktualisierung der Hinweise zum Solvency II-/EZB-Berichtswesen vorgenommen, welche die kürzlich von der Europäischen Kommission veröffentlichten revidierten Technischen Standards für das Berichtswesen und die Offenlegungen der Versicherungen berücksichtigt (eventid=20917 und eventid=21005). Diese Anpassung folgt der Einführung von Solvency II im Jahr 2016 und zielt darauf ab, die Zweckmäßigkeit und Aktualität des Berichtswesens und der Offenlegung ...
Progress on financial services legislative files
ID 25268
The Economic and Financial Affairs Council (ECOFIN) has published an updated version of its document containing „information from the Presidency concerning the state of play of legislative proposals in the field of financial services“. The overview table is dated 17 October 2023 and distinguishes different colour-coded stages of each file. The changes from the previous version are as follows: 1. The „interinstitutional negotiations„ on ...
Insurance
consultation
EIOPA consults on the supervision of captive (re)insurers with a focus on ...
ID 25256
EIOPA has initiated a public consultation regarding the supervision of captive (re)insurance undertakings, with a particular focus on intra-group transactions, the prudent person principle, and governance. Captive insurers are unique entities that provide coverage exclusively to the group to which they belong. The consultation’s primary goal is to establish a risk-based and proportionate framework for supervising these insurers and to harmonize supervisory expectations ...