The European Insurance and Occupational Pensions Authority (EIOPA) has recently published a Final Report on the outcome of the two public consultations (No. 11/009 and No.11/011) on the proposal for reporting and disclosure requirements. EIOPA recommends that industry should use the current reporting package as a basis to start the implementation phase.
Please click here to read the full text of the Final Report.
As part of the reporting requirements under Solvency II, EIOPA is proposing a set of Quantitative Reporting Templates (QRTs). EIOPA is currently revising the draft QRTs in light of comments received following a public consultation during November 2011 to January 2012. The draft QRTs allow individual countries to define national templates, covering local market specifics and legal requirements. The Central Bank of Ireland has indicated its intention to communicate with industry in respect of the national templates and reporting requirements in early 2013.