Finansiell och regulatorisk rapportering hos IF – Promendo

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Finansiell och regulatorisk rapportering hos IF – Promendo

SCR calculation modules will be impacted: market risk, premium and reserve risks and mortality risk. EIOPA divided the topics into two  EIOPA issued its first set of draft Solvency II Guidelines in June this year. The Guidelines are set out in five papers and include around 500 individual guidelines. 19 Feb 2020 He suggested that EIOPA would recommend updates to both the risk margin methodology and the LLP1 for the euro, as part of “[ensuring] that the  17 Dec 2020 EIOPA has published the opinion it has submitted to the European Commission on the 2020 review of the Solvency II Directive (2009/138/EC). And we provide you with the necessary data needed to assess your capital adequacy. From January 1, 2020, insurance regulator EIOPA began to use Refinitiv as  Today, EIOPA published a new set of statistical information on the European insurance sector based on Solvency II regulatory reporting.

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On 11 February 2019, the European Commission (EC) issued a formal Call for Advice. 1. to the European Insurance and Occupational Pensions Authority (EIOPA) on the review of the Solvency II Directive. NN Group has taken note of EIOPA’s Opinion to the European Commission on the Solvency II review published on 17 December 2020. The Opinion, which consists of a proposed package of measures, will be used as input for the European Commission to draft a legislative proposal which will be discussed with the European Council and European Parliament in the coming years. Solvency II is a risk-based approach to prudential requirements which brings harmonisation at EEA level.

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However, EIOPA also opines that certain clarifications can be given, not only via amending the SII FD or the Delegated Regulation, but also through additional guidance or the issuance of new EIOPA guidelines. and EIOPA Solvency II XBRL Taxonomy), – provide additional guidelines related to the filing of data in general or specific cases.

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Solvency II is a risk-based approach to prudential requirements which brings harmonisation at EEA level.

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The European Commission may decide about the equivalence of a third country's solvency and prudential regime towards avoiding unnecessary duplication of regulation. EIOPA assists the European Commission in preparing equivalence decisions pertaining The supervisory reporting requirements applicable to all undertakings subject to Solvency II Directive are defined in: Implementing Technical Standards on Reporting (consolidated version including the amendments) Amendment to the Implementing Technical Standard on Reporting (2016) Amendment to the Implementing Technical Standard on Reporting (2017) EIOPA publishes monthly technical information for Solvency II Relevant Risk Free Interest Rate Term Structures – end March 2021 08 Apr 2021 News Symmetric adjustment equity capital charge Directive 2009/138/EC of November 2009 (Solvency II Directive), Delegated Regulation (EU) 2015/35 (Solvency II Delegated Regulation), Commission Implementing Regulations laying down implementing technical standards in accordance with Directive 2009/138/EC (Solvency II Implementing Regulations) and EIOPA Guidelines related to Solvency II EIOPA’s role One of the most important strategic objectives of EIOPA is to achieve consistent supervisory practices, and EIOPA monitors the implementation of Solvency II with particular attention to the governance system, including risk management.
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Eiopa solvency ii

Solvency II is the prudential regime for insurance and reinsurance undertakings in the EU. Solvency II sets out requirements applicable to insurance and  17 Dec 2020 Overall, EIOPA notes that the Solvency II framework is working well from the prudential perspective and no fundamental changes are needed,  16 Mar 2021 Insurance & Pension Denmark (IPD) said in a statement that EIOPA's proposals in the EU's Solvency II regulation review would require pension  19 Feb 2021 A new report by ICMIF Supporting Member AM Best, A Very Particular Regime — EIOPA's Solvency II Review Advice examines some of the  12 Mar 2020 This provides some insight into EIOPA's thinking following the consultation on its proposed changes to Solvency II (summarised in Milliman  You will also find further information here on the Delegated Act, the technical standards and the EIOPA guidelines related to Solvency II. The legislation  11 Feb 2021 A new report by AM Best, “A Very Particular Regime — EIOPA's Solvency II Review Advice,” examines some of the Solvency II reform proposals  The Solvency II Directive requires that certain areas must be reviewed by the EIOPA will also have to advise on the equity risk and spread risk sub-modules of   17 Dec 2020 The EIOPA Opinion consists of various changes to the Solvency II framework, affecting most notably the liability discount curve, the risk margin  This statement outlines the outcome of the analysis of the European Insurance and Occupational Pensions Authority (EIOPA) of the first supervisory. EIOPA's Opinion on the Solvency II directive is part of the process to review the directive. The measures proposed aim at keeping the regime fit for purpose by  EIOPA also updates Solvency II reporting format - new version of Data Point Model and EIOPA XBRL Taxonomy are made public 31 Jul 2020 According to the European Insurance and Occupational Pensions Authority ( EIOPA), over the last few months the COVID-19 outbreak has  25 Jan 2021 Carlos Montalvo Rebuelta analyses EIOPA's advice to the European Commission on the Solvency II 2020 review, highlighting the points of  28 Feb 2018 Several. SCR calculation modules will be impacted: market risk, premium and reserve risks and mortality risk.

In case of questions on the technical specification for the Solvency II preparatory phase or for the insurance stress test pre-stress balance sheet, participants should contact their National Competent Authority (NCA) as stated in the contact list below. This EIOPA Solvency II DPM and XBRL taxonomy package release 2.5.0 Public Working Draft is provided to be used from the 31/12/2020 reference date until a new version is announced in line with the Governance of Taxonomy Releases. EIOPA’s Solvency II review opinion fails to offer improvements to help EU economy, consumers and green transformation 17 December 2020 CMU offers major opportunity for EU insurers to enhance long-term investor role, if EC fixes regulatory obstacles in Solvency II This EIOPA Solvency II DPM and XBRL taxonomy package release 2.4.0 is provided to be used from the 31/12/2019 reference date until a new version is announced in line with the Governance of Taxonomy Releases. EIOPA launched Solvency II on January 1 st, 2016.
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The impact of IFRS 17 information on the financial markets and therewith the impact on financial stability is a major concern for EIOPA.

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NN Group has taken note of EIOPA’s Opinion to the European Commission on the Solvency II review published on 17 December 2020. The Opinion, which consists of a proposed package of measures, will be used as input for the European Commission to draft a legislative proposal which will be discussed with the European Council and European Parliament in the coming years. Solvency II is a risk-based approach to prudential requirements which brings harmonisation at EEA level. The Solvency II Directive applies to all insurance and reinsurance companies with gross premium income exceeding €5 million or gross technical provisions in excess of €25 million; member states have the option to impose lower limits. On 17 December 2020, the European Insurance and Occupational Pensions Authority (EIOPA) published a paper reflecting its opinion on the 2020 Solvency II review (the “Opinion”) that the European Commission will be conducting in 2021. example in the context of the European Supervisory Authorities’ (ESAs) and Solvency II reviews.

Under the Solvency II Review, EIOPA proposes to keep deadlines for quarterly reporting but extend the deadline of annual reporting by 2 weeks. David Gray , Consultant Actuary, c omment s : “ With the submission deadline for the 31 December 2020 reference date shown as 1 day earlier than that published in the PRA’s reporting schedule, we sought confirmation from the UK regulator. 2021-01-25 EIOPA Consultations; EIOPA Opinions; Annual Reports; Submissions to the EC; Protocols, Decisions and Memoranda; Reports; Solvency II Final L2 Advice; European Commission Requests; Letters of Comments; Register of Institutions for Occupational Retirement Provision; Other Documents; Supervisory Statements; Register of Insurance Intermediaries These delays mean that EIOPA will now deliver its advice on the Solvency II Review to the European Commission at the end of December 2020. It is therefore unlikely that the Commission will respond with legislative proposals before late 2021, which means that any legislative changes proposed would not be implemented until 2022. EIOPA launched Solvency II on January 1 st, 2016.