EIOPA ITS reporting

Solvency II reporting is applied to life, non-life and reinsurance companies from 1 January 2016. Supervised entities submit reports to the Financial Supervisory Authority (FIN-FSA), which forwards the information to the European Insurance and Occupational Pensions Authority (EIOPA).

Solvency II reporting includes:

• quarterly reporting (companies and groups)
• annual (companies and groups)
• quarterly and annual reporting submitted to EIOPA, intended for the maintenance of financial stability (largest groups or companies, which are notified separately by the FIN-FSA about their reporting obligations)

In Finland, additional information required in European Central Bank insurance statistics is also collected at the company level in connection with Solvency II reporting.

Technical implementation of Solvency II reporting

Solvency II data is reported in accordance with the taxonomy published by EIOPA (Data Point Model and XBRL taxonomy). In Finland, company-level reporting will be based on data collection instances including additional data necessary for the European Central Bank's collateral statistics.

Reporting templates available in the reporter portal can be used to assist with reporting. More information on using the reporting templates is available in the Reporter portal guide.

Solvency II reports to be submitted to the FIN-FSA can also be generated from the reporter's own systems. Reports generated from your own systems are to be made in accordance with the specifications provided in the FIN-FSA’s description of machine-language data transmission for Solvency II reporting.

The FIN-FSA requires that when submitting data in a machine-readable format, both the SII description of machine-language data collection and EIOPA’s Filing Rules document are complied with, and that the data meets the validations presented in EIOPA’s List of Validations.

Regulation concerning Solvency II reporting
National specifications related to Solvency II reports available only in Finnish and in Swedish.