EIOPA launches consultation to streamline solvency II reporting
The European Insurance and Occupational Pensions Authority (EIOPA) has launched a consultation package aimed at amending supervisory reporting and public disclosure requirements under Solvency II. The proposals, which include revised Implementing Technical Standards and draft guidelines on reporting for financial stability and the supervision of third country branches, seek to reduce the reporting burden on (re)insurance undertakings by at least 25% (35% for SMEs). Building on initiatives from 2023 and informed by stakeholder feedback, the revisions propose fewer and simplified reporting templates, the application of proportionality principles, and the elimination of redundant data requirements. EIOPA is confident that these measures will enhance regulatory efficiency without compromising policyholder protection or financial stability and invites feedback via the EU Survey until 10 October 2025.