Featured Product

    BaFin Publishes Analysis of Solvency and Financial Condition Report

    July 28, 2017

    BaFin published an analysis of the Solvency and Financial Condition Report (SFCR) and the key figures separated by division. The assessment shows that insurers meet requirements for Solvency II.

    A few weeks after the publication of the first evaluation, BaFin has now assessed in detail the SFCRs of insurers for the first financial year under Solvency II. The results show that all individual companies subject to reporting requirements meet the new requirements for the coverage. The coverage of the Solvency Capital Requirement (SCR) with own funds amounts to about 330% on average across all divisions. The solvency and financial report is part of the narrative reporting system. It is used to disclose qualitative and quantitative information about a company against the public and the supervision and has to be published by the insurer on its website.

     

    In addition to the SFCR, BaFin receives from the companies the Regular Supervisory Report (RSR) as well as the company's own risk and solvency assessment (ORSA) report. These two reports are not published. The deadlines for reporting and disclosure requirements are available on the BaFin website. BaFin forwards the companies' quantitative reports to EIOPA. Every three months, EIOPA publishes an evaluation of the figures presented, which allow a comparison of countries. Once a year, in each case on April 30, BaFin will also make major supervisory figures public.

     

    Related Links (in German)

    Press Release

    Analysis of Key Figures

    Deadlines for Reporting and Disclosures

    Keywords: Europe, Germany, Insurance, Solvency II, SFCR, SCR, Reporting, BaFin 

    Featured Experts
    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958