Want to know more?

This directive introduces new requirements for the calculation of the solvency ratio based on an assessment of the economic value of own funds and the entity’s capital needs, along with requirements for governance and risk management. These new quantitative and qualitative requirements are accompanied by strengthened rules for quarterly and annual reporting intended both for the regulator and for the general public.
In order to provide increased transparency in the market, the directive requires the annual public disclosure of a solvency and financial condition report (SFCR) which must cover the business of the undertaking, its system of governance, its risk exposure and information on valuation methods and capital management.
In this context, we have considered the reports published by a sample of 15 European entities and have conducted a comparative study of the 2017 and 2016 information, based on an analysis of the following points:
Finally, and where appropriate, we have supplemented our analysis with the information available in the public Quantitative Reporting Templates (QRTs) that are generally provided in annex to the SFCR.
This website uses cookies.
Some of these cookies are necessary, while others help us analyse our traffic, serve advertising and deliver customised experiences for you.
For more information on the cookies we use, please refer to our Privacy Policy.
This website cannot function properly without these cookies.
Analytical cookies help us enhance our website by collecting information on its usage.
We use marketing cookies to increase the relevancy of our advertising campaigns.