BoE and PRA Invite Feedback on New Insurance Data Release
BoE and PRA published a call for feedback to inform potential users that they are preparing to publish regular, aggregated data related to the UK Insurance market on a quarterly basis. The call for feedback contains the proposed content and presentation of the publication. Comments to this call for feedback should be sent by March 16, 2020.
The publication of PRA aggregated insurance statistics will be accompanied with the underlying aggregated granular data to enable users to perform bespoke analysis. The content will also seek to incorporate, within the publication, aggregated statistics currently published by EIOPA, for ease of analysis. The content of the initial publication will be based on Solvency II Quantitative Reporting Templates and, where relevant, supplemented with PRA data collections. The schedule for publication will be at a timely point following the submission and quality checking of quarterly and annual data, with the intention of publishing the information when it is of most relevance.
The call for feedback contains a list of the proposed statistics to be published, including the templates on which the data are based. The list represents areas of core insurance data that may be expanded on in future publications. The content may extend to other data points, such as those taken from the National Specific Templates and other PRA data collections. The publication will include the split of life and non-life insurance, where relevant. The proposed content of the publication represents core insurance statistics, some of which were included in Insurance Data Release, that was published in October 2017. Subject to any comments and feedback received, the first Insurance Data Release is intended to be published in the new format during the first half of 2020. Comments will also be welcome thereafter.
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Comment Due Date: March 16, 2020
Keywords: Europe, UK, Insurance, Solvency II, Data, Insurance Data Release, Statistics, Quantitative Reporting Templates, Data Collection, National Specific Templates, PRA, BoE
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