Leveraging Solvency II Reporting Requirements

The purpose of Solvency II (SII), also known as the Solvency and Financial Condition Report (SFCR), is to provide stakeholders of European insurance companies with additional information over and above what is contained in the insurer or reinsurer’s annual statement. The SFCR contains qualitative and quantitative information on an insurer’s business and performance, system of governance, risk profile, and valuation for solvency purposes and capital management together with standardized Quantitative Reporting Templates (QRTs).