Preparatory Solvency II Reporting Industry Presentation

Preparatory Solvency II Reporting

Industry Presentation

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Preparatory Solvency II ReportingOnline Reporting Demo

Brian Dooley

Project Manager

Solvency II Data & Reporting

Agenda

• Welcome

• Introductions

• Today’s objective

• What is not being covered today

• System demonstration

• Key timelines

• Further support

• Q&A

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Preparatory Solvency II Reporting

Online Reporting DemoBarry Murray

Information Management and Technology Directorate

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Assumptions

• All attendees have access or are familiar with Online Reporting platform.

• All attendees are aware that XBRL has been mandated as only reporting format for Preparatory Solvency II reporting.

• All attendees are familiar with XBRL and constructs.

• All XBRL instance files will be generated against taxonomy v.1.5.2c.

• All XBRL instance files will reference level 1 entry points of taxonomy.

Key Assumptions

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Preparatory Solvency II Return Types

• Individual Return Types

• Group Return Types

Return Types

Return Type Reporting FormatSolvency II Preparatory Annual Report - Individual .xbrlSolvency II Preparatory Quarterly Report - Individual .xbrlSolvency II Preparatory Narrative Report - Individual .xls, .xlsx, .doc, .docx or pdf

Return Type Reporting FormatSolvency II Preparatory Annual Report - Group .xbrl

Solvency II Preparatory Quarterly Report - Group .xbrl

Solvency II Preparatory Narrative Report - Group .xls, .xlsx, .doc, .docx or pdf

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File Naming ConventionFor all return types, the name of the file must be in the following format:

“CCCCCCC_YYYYMMDD_XXXXXX_XXXXX.ext”

• CCCCCCC is the institution code (The 6/7 institution alphanumeric code used for logging into Online Reporting)

• YYYYMMDD is the return reporting date (not submission date) e.g. 20141231

• XXXXXX_XXXXX is the Solvency II “Return File type” on the ONR system (see next slide for individual Return type file names)

• .ext is the file extension.

– For XBRL files it must be either ‘.xbrl’ or ‘.zip’

– For Narrative files it must be either .xls, .xlsx, .doc, .docx or pdf.

File naming Standards

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File Naming Examples

File Naming Standards

Return Type File name Example

Solvency II Preparatory Annual Report - Individual C997105_20141231_SolvencyIIPrepAnnualReturn_Individual.xbrl

Solvency II Preparatory Quarterly Report - Individual C997105_20141231_SolvencyIIPrepQuarterlyReturn_Individual.xbrl

Solvency II Preparatory Narrative Report - Individual C997105_20141231_SolvencyIIPrepNarrativeReport_Individual.xbrl

Solvency II Preparatory Annual Report - Group C997105_20141231_SolvencyIIPrepAnnualReturn_Group.xbrl

Solvency II Preparatory Quarterly Report - Group C997105_20141231_SolvencyIIPrepQuarterlyReturn_Group.xbrl

Solvency II Preparatory Narrative Report - Group C997105_20141231_SolvencyIIPrepNarrativeReport_Group.xbrl

The above examples use:

• Institution Code – C997105

• Reporting Date – 31st December 2014

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Online Reporting XBRL Submission

• The look and feel of Online Reporting will not change

• New return types will be added to the system for Preparatory Solvency II

• Existing return types will remain unchanged

• User Access will be automatically granted to firm administrators for the new return types

• Data for the Preparatory Solvency II return types can only be submitted using the file upload functionality i.e. no alternative input methods will be provided

• For XBRL return types, validation errors from the validation engine will be displayed to the user on the Online Reporting system

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XBRL Submission – Return Types

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XBRL Submission – Return Type Options

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XBRL Submission – Returns

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XBRL Submission - Sections

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XBRL Submission – Section Files

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XBRL Submission – File Upload

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XBRL Submission – View Uploaded Files

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XBRL Submission – File Upload Status

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XBRL Submission – Section Files

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Key Points

• Preparatory Solvency II XBRL returns must be submitted in XBRL format only

• No web form solution will be available for data input

• Firm’s responsibility to create valid XBRL instance files

• No partial XBRL uploads will be accepted

• Direct visualisation of submission will be through Excel only.

• N.B All XBRL instances should be validated against the relevant taxonomy before being uploaded to the Online Reporting system

• Only fully validated XBRL instances will be accepted

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• The schema reference must refer to a valid entry point for level 1 reporting for taxonomy v1.5.2c as in following table.

XBRL Instance Files

XBRL Return Type Module/Entry Point

Solvency II Preparatory Annual Report - Individual http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/ars.xsd

Solvency II Preparatory Quarterly Report - Individual http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/qrs.xsd

Solvency II Preparatory Annual Report - Group http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/arg.xsd

Solvency II Preparatory Quarterly Report - Group http://eiopa.europa.eu/eu/xbrl/s2md/fws/solvency/solvency2/2015-02-28/mod/qrg.xsd

Please note that the all contexts referenced in the XBRL instance file must contain the following details:The identifier scheme – http://www.centralbank.ie.The entity identifier – This refers to the institution code used for logging into Online Reporting.The period must refer to a valid reporting date for the institution and return type being submitted.

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Narrative Returns

• File Validation Errors – examples include the following:

– Adhere to standard file naming standards

– Valid content type for file type

– Valid reporting date for institution and return type

XBRL Returns

• File Validation Errors – as for narrative returns

• Filing Rules – awaiting finalised set from EIOPA

• Formula Assertions – published in taxonomy

Online Reporting Validations

Types of Validation

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XBRL Submission – File Error Example

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XBRL Submission – Filing Rule Example

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XBRL Submission – Assertion Error Example

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For valid files, the following tasks will be performed:

• For XBRL returns

– One to confirm acceptance of file

– Second to confirm Excel file generated.

• For Narrative Returns

– No email as redirected to section files page if file valid.

• Final Steps

– Finalise Return

– Separate user to sign off return.

– Email sent to confirm receipt of return.

Submitting Returns

Submitting a Return

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Key Dates (subject to change)

Test Environment: (https://test.onlinereporting.cbfsai.ie)

• Available from Wednesday 15th April 2015.

• Full set of Preparatory Solvency II Returns

• All returns will use reporting date of 31st December 2014.

Live Environment: (https://onlinereporting.cbfsai.ie)

• Available from Wednesday 13th May 2015.

• Full set of Preparatory Solvency II Returns

• All returns will use your year-end date as reporting date.

• The submission/due date will be 3rd June 2015.

Key Dates

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Online Reporting User Guides

• General System Guidance Material

– http://www.centralbank.ie/regulation/processes/onlinereporting/Pages/Introduction.aspx

• Preparatory Solvency II XBRL & Narrative Upload Manuals

• http://www.centralbank.ie/regulation/industry-sectors/insurance-companies/solvency2/Pages/default.aspx

Preparatory Solvency II Taxonomy

• https://eiopa.europa.eu/Pages/Supervision/Insurance/Reporting-formats.aspx

– Taxonomy package and documentation

– DPM Dictionary and Annotated Templates

– Filing Rules – Draft version with final version still to be published by EIOPA.

• Rule identifiers implemented are different from those in latest draft published

• No rules implemented for section V Codes and Types of Codes.

• Rules 1.4, 1.5(a), 1.5(b) , 2.8(a), 2.8(b) and 3.4 have been disabled. May be enabled when final version published and implemented (TBC).

– Business Validation Rules (Active and Deactivated)

T4U – Tool for Undertakings

• http://t4u.eurofiling.info/

Useful Links

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Technical Queries - SIITestReturns@centralbank.ie

• Online Reporting Access Queries

• XBRL Validation Errors Queries

• Other technical Issues

Business Queries - SolvencyII@centralbank.ie

• How to complete templates

• Any other business related issues

Key Contact Points

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Questions.

Preparatory Solvency II Reporting Industry Presentation

Documents

SAI Working Party Emerging Solvency II issues for … · SAI Working Party Emerging Solvency II issues for ... –Insurance contract* accounting can differ for group reporting compared

EIOPA XBRL taxonomy architecture for Solvency II reporting · PDF fileEIOPA XBRL taxonomy architecture for Solvency II reporting ... (basing on their structure, named ranges and cell

Financial reporting and the evaluation of solvency

SOLVENCY AND FINANCIAL CONDITION REPORT 2016 · Solvency and financial condition report 2016 5 The reporting structure follows the requirements of implementing regulation (EU) 2015/35

IFRS 17 & Solvency II Workshop...IFRS 17 & Solvency II Workshop The Risk Management & Reporting Processes Carlos Arocha, FSA CNseg—Confederação Nacional das Empresas de Seguros

Solvency II Pillar III Quantitative Reporting Templates(QRTs) · Solvency II ‐Pillar III Quantitative Reporting Templates(QRTs) Sinead Clarke, Eoin King 11th December 2012

Solvency II - Disclosure and Reporting - Tim O'Hanrahan.ppt

SAP for-solvency-2-reporting-rds-solution-details

Navigating through the Solvency II reporting and disclosure package

Solvency II - Pillar III Quantitative Reporting Templates (QRTs)

Solvency II Reporting - stand van zaken voorjaar 2014

Oracle Quantitative Management and Reporting for Solvency

ACCA Professional Examinations Preparatory Programme ...ACCA Professional Examinations Preparatory Programme 2018 May intake F7 Financial Reporting (33 Hours) - ACCT9041 Mr. Steve

EIOPA Insurance Financial Regulation.archive.xbrl.org/26th/sites/26thconference.xbrl... · Aitor Azcoaga . Solvency II • Solvency II and Omnibus II • Reporting • XBRL . Timeline

Brochure review solvency II reporting

EIOPA Solvency II DPM Documentation › Taxonomy › Full › 2.2.0 › EIOPA...reporting of Solvency II data. It introduces the DPM terminology, presents the resulting artefacts (DPM

Solvency II-Reporting für Spezialfonds von … · Reporting (AMPERE), der Association Française de la Gestion Financière (AFG) und der britischen ... gemeinsames Solvency II-Datenblatt

SOLVENCY II REPORTING AND DISCLOSURE: QUANTITATIVE

cleversoft Document Solutions · Solvency II Reporting AIFMD Reporting Weitere Services Commission Payments ... Basis des BVI/club Ampere/IMA Datenblatts •Automatisiert exportier-

SOLVENCY II REPORTING WITHd1pvbs8relied5.cloudfront.net/resources/white... · Solvency II Process The Clearwater solution provides an output of data that’s vital to your overall