Eiopa to publish Pillar 3 and Orsa consultations as FSA warns of reporting ignorance

UK regulator's Raffle says non-executive directors do not understand the consequences of Solvency II reporting

The European Insurance and Occupational Pensions Authority (Eiopa) is expected to publish consultation papers on regulatory reporting and the Own Risk and Solvency Assessment (Orsa) this month.

The papers will provide welcome additional detail on these key aspects of regimes, although these areas have already been the subject of private pre-consultations with selected firms and trade bodies.

Paul Clarke, global Solvency II leader at PricewaterhouseCoopers (PwC), based in London, says: “For those

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