EIOPA launches consultation to ease reporting burden on insurers

Written by Adam Cadle

11/07/2025

EIOPA has launched a new consultation package on amendments to supervisory reporting and public disclosure requirements under Solvency II, with the aim of easing the reporting burden on (re)insurance undertakings.

In addition to amendments to the Implementing Technical Standards (ITS) on supervisory reporting and on public disclosure, the package also includes draft revised guidelines on reporting for financial stability purposes and draft revised guidelines on the supervision of branches of third country insurance undertakings.

If implemented as proposed, EIOPA said reporting requirements would fall at least by an estimated 26% for solo undertakings in terms of number of annual and quarterly templates (22% in terms of data points) and at least by 36% for small and non-complex undertakings, without jeopardising EIOPA’ and national supervisors’ ability to uphold the protection of policyholders and to maintain financial stability in Europe’s insurance sector.

“This overall reduction in reporting is achieved by reducing the frequency of certain templates, deleting some annual templates, making greater use of proportionality principles and introducing technical simplifications across the framework,” EIOPA added.

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