EIOPA proposes revised Solvency II reporting standards

Posted on April 7, 2026 by Editor

The European Insurance and Occupational Pensions Authority (EIOPA) has submitted draft amendments to two Implementing Technical Standards (ITS), governing supervisory reporting and public disclosure under the Solvency II framework, to the European Commission. The proposals, finalised following a public consultation that ran from July to October 2025, seek both to update reporting requirements in light of the recent Solvency II review and to deliver meaningful reductions in the reporting burden on insurers.

The proposed changes are substantial. For solo undertakings, the amendments would reduce quarterly reporting templates by 26% and annual templates by 30%, with even larger reductions for small and non-complex undertakings; 36% and 44% respectively. Overall data points would fall by 22%. The proposals include reduced reporting frequencies, deletion of some annual templates, greater application of proportionality principles and a range of technical simplifications. EIOPA has also raised the threshold for financial stability reporting from €12 billion to €20 billion, removing a significant number of entities from scope.

The revisions align with the European Commission's broader push to cut regulatory red tape, which has set a target of reducing reporting burdens by at least 25% across all sectors, and 35% for SMEs, by 2029.

For the insurance sector, this represents a significant shift towards more streamlined digital reporting. The new requirements are expected to apply from 30 January 2027, in line with the broader Solvency II review timeline.

Read more here.