Standardized templates submitted to the supervisor quarterly and annually, carrying the prudential balance sheet, the SCR breakdown, provisions by line of business, and the reinsurance program.
The public report narrates, the quantitative templates count. These are prescribed-format tables, identical across the Union, submitted to the supervisor on a fixed calendar, reduced quarterly and complete annually. Their reach is underestimated by anyone who has never filled them in: they descend to line of business, country, reinsurance counterparty and asset line, which lets the supervisor aggregate the whole market and spot a concentration no narrative report would reveal. They are also the raw material for the statistics published by the European insurance authority. Three practical difficulties come with them. Volume, several dozen tables and thousands of cells, requires an automated and audited production chain. Consistency between templates is checked automatically, and an inconsistency blocks submission. And the calendar, a few weeks after closing, constrains the entire reporting process upstream, which makes it the real scheduler for actuarial and accounting teams.
Implementing Regulation (EU) 2015/2450, which sets the templates for submission of information to supervisory authorities under Solvency II. A midsize non-life insurer commonly files around forty annual templates, including non-life technical provisions by line of business and reinsurance by counterparty, the latter letting the supervisor see that a large share of a national market is ceded to the same three reinsurers.
QRT, quantitative reporting templates, remise prudentielle, états prudentiels, reporting Solvabilité II