Bank of England: 'Solvency II: life insurance product reporting codes' and 'Solvency II: internal model reporting codes and components'

17 August 2015

First statement sets out the list of codes which the PRA expects firms to use when reporting information on life business or annuities stemming from non-life business at product level. Second sets out how the PRA expects firms to submit information using product reporting codes .

Solvency II: life insurance product reporting codes

The life product codification has been divided into categories, similar to those used by the Association of British Insurers (ABI) for its new business data collection:

• investment and savings;
• individual pensions;
• corporate pensions;
• protection; and
• annuities.

Full supervisory statement

 

Solvency II: internal model reporting codes and components

​This statement clarifies out how the Prudential Regulation Authority (PRA) expects firms to derive the field C0010 ‘unique number of component’ in these templates and the process for agreeing the components to be reported with the PRA.

Full supervisory statement

© Bank of England