PRA Consults on the Insurance XBRL Taxonomy Version 1.1.0

By Regulatory News

July 17, 2019

Solvency II

PRA published a public working draft of version 1.1.0 of the BoE Insurance XBRL taxonomy, along with the related technical artefacts. This taxonomy supports the collection of the proposed changes to National Specific Templates, internal model output, market risk sensitivities, and standard formula reporting. This working draft is not intended for use in reporting. Feedback is invited, particularly from firms and software vendors, on the public working draft of the taxonomy and data point model artefacts by August 07, 2019. PRA aims to publish the final version of the taxonomy and data point model by the end of October 2019.

The taxonomy, data point model dictionary, annotated templates, and validation rules represent the requirements for Solvency II as set out in the occasional consultation paper CP13/19. This consultation is proposing minor amendments to the PRA Rulebook Parts, supervisory statements, and bank and insurer reporting templates. CP13/19 was published in June 2019 and the comment period for this consultation ends on August 07, 2019.

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Comment Due Date: August 07, 2019

Keywords: Europe, UK, Insurance, Reporting, CP 13/19, Solvency II, National Specific Templates, Internal Model, XBRL, Taxonomy 1.1.0, DPM, Validation Rules, PRA, BoE

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