PRA Publishes Templates for Statistical Disclosures Under Solvency II
PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive. The templates supplement the supervisory disclosures document that includes the PRA supervisory approach and insurance regulations applicable in UK as of the end of 2018. This public disclosure is designed to foster a uniform level of transparency and accountability among supervisory authorities. The material published will be of primary interest to the PRA-authorized insurance companies.
Template A, one of the published statistical disclosure templates, covers the disclosure of aggregate statistical data on insurance and reinsurance undertakings supervised under the Solvency II Directive. Template B covers the disclosure of aggregate statistical data on insurance groups supervised under the Solvency II Directive. Templates C and D cover the disclosure of quantitative and qualitative aggregate statistical data, respectively, on the supervisory authority.
Related Links
Keywords: Europe, UK, Insurance, Reinsurance, Solvency II, Templates, Statistics, Disclosures, PRA
Featured Experts
Adam Koursaris
Asset and liability management expert; capable modeler; risk and capital specialist
Cassandra Hannibal
IFRS 17 subject matter expert; actuary; risk management and capital projection specialist
Jerome Ogrodzki
Insurance asset and liabilities modeling specialist; stochastic modeling expert
Previous Article
PRA Publishes Final Policy on Maintenance of TMTP Under Solvency IIRelated Articles
HKMA on Fintech Adoption and Innovation by Banks in Hong Kong
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS on Impact of Increasing Use of Cloud Technology on Cyber Risk
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.
ECB Consults on Guide for Managing Climate and Environmental Risks
ECB launched consultation on a guide specifying how the Banking Supervision expects banks to consider climate-related and environmental risks in their governance and risk management frameworks and when formulating and implementing their business strategy.
ECB Issues Opinion on Revisions to CRR in Response to COVID Crisis
ECB published an opinion (CON/2020/16) on amendments to the prudential framework in EU in response to the COVID-19 pandemic.
EBA Assesses Interlinkages Between Recovery and Resolution Planning
EBA published a report that examines the interlinkages between recovery and resolution planning under the Bank Recovery and Resolution Directive (BRRD).
SRB Publishes Final MREL Policy Under the Banking Package
SRB published the final Minimum Requirements for Own Funds and Eligible Liabilities (MREL) policy under the Banking Package.
US Agencies Amend Interim Final Rule on Transition Period for CECL
US Agencies (FDIC, FED, and OCC) published a final rule that makes technical changes to the March 31, 2020 interim final rule that provides a five-year transition period for the impact of the current expected credit loss (CECL) methodology on regulatory capital.
ECB Releases Results of March Survey on Credit Terms and Conditions
ECB published results of the March 2020 survey on credit terms and conditions in euro-denominated securities financing and over-the-counter (OTC) derivatives markets.
FINMA Adjusts Deadlines for COVID-19 Relief Measures for Banks
FINMA published guidance (06/2020) on extending or discontinuing various exemptions that were granted due to the COVID-19 crisis.
SRB Consults on Standardized Data Set for Bank Valuation in Resolution
SRB launched a consultation on the minimum data needed for valuation of a bank in resolution.
