EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

The field test includes templates related to solvency capital requirement, detailed analysis per period for life insurance and reinsurance undertakings, cyber risk, and internal models. The field test is based on the templates and instructions as published in the consultation on supervisory reporting and public disclosure. The taxonomy package consists of DPM Excel files, XBRL files, and database. Certain templates—namely S.01.01, S.01.02, S.01.03, and T.99.01—were added to the package to ensure that the field test DPM and XBRL taxonomy consist of the same functional templates as the officially released taxonomy packages. The Excel files include annotated templates and DPM dictionary; list of the same data points included in the Annotated templates file, and suggestions about potential validation checks that have been added as comments. The field test does not aim for national competent authorities to receive real data.

Although there is no intention to collect real data during the field test exercise, the 2.4.0 taxonomy architecture has been used, including its 2.4.0 Filing rules. Experience shows that many important questions and concerns, including those linked with the interpretation of which information is requested, are raised during implementation. To address these questions and concerns, EIOPA is conducting this field test and welcomes any feedback on the questions, concerns, and any problem encountered during the test phase.

Related Links

• Press Release
• Documents for Field Test
• Consultation on Reporting and Disclosures

Keywords: Europe, EU, Insurance, Reinsurance, Solvency II, Field Test, Reporting, Disclosures, SFCR, Quantitative Reporting Templates, Cyber Risk, DPM, XBRL, EIOPA