EIOPA published the final Data Point Model (DPM) and Taxonomy version 2.2.0 for Solvency II reporting. EIOPA also submitted, to the EC, the implementing technical standards on reporting and disclosure, which have been included in the business package supporting Taxonomy 2.2.0. The list of validations, which data submitted in the quantitative reporting templates should comply with, has also been updated. The EIOPA Solvency II DPM and XBRL taxonomy package release 2.2.0 is provided to be used from the December 31, 2017 reference date.
EIOPA publishes updated information on the DPM and XBRL Taxonomy design on its website to increase awareness and collect technical feedback from relevant market participants. The DPM is a structured representation of the data, identifying all the business concepts and its relations, as well as validation rules. The DPM contains all the relevant technical specifications necessary for developing an IT reporting solution (independent from the technical format). The EIOPA XBRL taxonomy presents data items, business concepts, relations, and validation rules described by the DPM in the technical format of XBRL.
Related Link: DPM and Taxonomy Updates
Effective Date: December 31, 2017
Keywords: Europe, Insurance, Reporting, Solvency II, Taxonomy, EIOPA
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IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
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IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.