New Solvency II reporting guidelines ease burden on smaller insurers
Insurers urged to press on with Pillar 3 programmes as guidelines provide 'stable view' of reporting requirements
The European Insurance and Occupational Pensions Authority (Eiopa) has eased the regulatory reporting requirements for smaller insurers in its draft reporting guidelines for Solvency II.
In response to insurers' concerns about the proportionality of Solvency II's reporting regime, Eiopa raised the threshold for the provision of financial stability information to €12 billion (£9.4 billion) in assets in the Solvency II balance sheet.
Insurers had argued that the original threshold of €6 billion
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