EIOPA Statement on SII supervisory reporting in the context of COVID-19

EIOPA published a statement on Solvency II supervisory reporting in the context of COVID-19.

Following EIOPA’s Recommendations of 20 March 2020 on annual and quarterly reporting and publication deadlines, EIOPA considers that (re)insurers should now be in condition to comply with the deadlines provided in the Solvency II framework.

Furthermore, (re)insurers are expected to report in the Solvency II solo quarterly Own Funds template (S.23.01) with a reference date between 30 June and 31 December 2020, a calculation (if it is available as of reference date) or at least an estimation of the Solvency Capital Requirement at the end of each quarter reference date instead of the last calculated one as indicated in the Instructions of the Implementing Technical Standards.