Bank of England: Solvency II: Updates to internal model output reporting

20 April 2018

In this consultation paper, the PRA proposes to amend the life, counterparty and non-life templates and the associated instructions (LOG files) in SS25/15 and SS26/15.

These changes would take effect from 31 December 2018 for financial year-end 2018 reporting onwards. The proposals follow the analysis of the year-end 2016 PRA internal model output request, feedback from individual firms and the PRA’s package of insurance reporting reforms.

The PRA has also considered the areas recommended for reform made by the Association of British Insurers (ABI) and discussed with the Treasury Select Committee.

This CP proposes changes to reporting of internal model outputs for the following templates and LOG files:

• Internal model risk outputs (life) (IM.01) (SS25/15);
• Internal model counterparty risk (IM.02) (SS25/15 and SS26/15); and
• Internal model outputs (non-life) (IM.03.01 to IM.03.11 and MO.03.01 to MO.03.11) (SS25/15 and SS26/15).

This consultation closes on Friday 13 July 2018.

Full information

Consultation paper

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