EIOPA has released an updated draft of the Solvency II Quantitative Reporting Templates (including information reported for financial stability purposes) and guidance on narrative reporting that will form the regulatory reporting basis for insurance companies and groups from 1 January 2014.
The new material includes EIOPA's feedback on all comments regarding the public consultations of November and December 2011, together with updated reporting and disclosure documents, which have been revised as a result of the comments received.
Our publication summarises the key changes made by EIOPA together with our assessment of the possible impact on insurers and groups.
EIOPA expects that the final package on reporting and disclosure will be published during the course of 2013. Until then, and until Omnibus II Directive and related Level 2 and Lever 3 Guidance are released, the July draft remains the key reference point for insurers' preparation to deliver reporting under Solvency II Pillar 3.