After the analysis of the 2016 SFCR’s published this year, EIOPA today issued a supervisory statement with improvements for future reporting. In general reports are published on time and complied with the Solvency II requirements. However improvements of the quality of the future reports¬† are needed.

Our solutions efficiently address key improvements required by EIOPA:

  • Providing quantitative and qualitative information into the body of the SFRC, and QRT’s in the Annex.
  • Information on the ORSA process, beyond references to laws and regulations.
  • More structured reporting of risk sensitivities to different scenarios and stresses.
  • Information on the bases, methods and linking to the assumptions underlying the calculations.
  • Comparative information in tables in the narrative part of the SFCR.

SecondFloor enables a collaborative and stream-lined SFCR process.

For further information the full statement from EIOPA is available here.