In 2017, as part of the pillar 3 of Solvency II on disclosure, all (re)insurance companies will disclose to the public for the first time a report on their solvency and financial condition (SFCR). The information provided will be both qualitative and quantitative, meaning not only solvency and capital management items but also the system of governance and the risk profile.
As these reports will be available on the companies’ websites for at least five years after the disclosure date, all market participants will be able to compare the strength of (re)insurance companies operating in the EU.
The first reports for year-end 2016 will be released by 20 May 2017 for solo entities and 1 July 2017 for groups. Some voluntary disclosures may be available before the end of 2016.