BoE published a public working draft (PWD) of the standalone internal model output (IMO) and market risk sensitivities (MRS) taxonomy (v1.0.0), along with the related technical artefacts; the PWD will make up part of the insurance XBRL taxonomy. Firms and software vendors are invited to provide feedback on the data point modeling, annotated templates, validations, and XBRL taxonomy by September 28, 2018.
The PWD follows Policy Statement 21/18' titled “Solvency II: Changes to reporting format” and is based on the proposals in Consultation Paper 10/18 titled “Solvency II: Updates to internal model output reporting.” The taxonomy, data point model (DPM) dictionary, annotated templates, and validation rules represent the reporting requirements as set out in Supervisory Statement (SS) 25/15 titled “Solvency II: regulatory reporting, internal model outputs”; SS26/15 titled “Solvency II: ORSA and the ultimate time horizon – non-life firms”; and SS7/17 titled “Solvency II: Data collection of market risk sensitivities.” The DPM extends Solvency II version 184.108.40.206 dictionary of EIOPA. This PWD should not be used for reporting. It is to be noted that the PWD for National Specific Templates and standard formula reporting for firms with an approved internal model was published on August 10, 2018 and consultation closed on August 24, 2018: the final live release will consolidate all frameworks.
- Insurance IMO MRS XBRL Taxonomy v1.0.0 PWD (ZIP)
- Insurance IMO MRS DPM v1.0.0 PWD (ZIP)
- Insurance IMO MRS Validations v1.0.0 PWD (XLS)
Keywords: Europe, UK, Insurance, Solvency II, Reporting, Taxonomy BoE
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