PRA Publishes Templates for Statistical Disclosures Under Solvency II

By Regulatory News

November 14, 2019

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.

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Keywords: Europe, UK, Insurance, Reinsurance, Solvency II, Templates, Statistics, Disclosures, PRA

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