Extension of time for reporting by non-life and life insurance companies | EIOPA

The Financial Supervisory Authority and European Insurance and Occupational Pension Authority (EIOPA) provide extension of time for certain parts of reporting due to exceptional circumstances because of coronavirus.

Submission dates:

Further reporting guidance:

FIN-FSA Supervision release 24.3.2020 - 9/2020

EIOPA
(Recommendations on supervisory flexibility regarding the deadline of supervisory reporting and public disclosure - Coronavirus/COVID-19)

According to extended submission dates annual and quarterly reports can be submitted in two parts. See further details on the technical annex of EIOPA's recommendations:

• The current 2.4.0 taxonomy can be used
• Exemptions of templates for the first provisional/incomplete report shall be flagged in the relevant cells of the Content of Submission (S.01.01) template as “0 - Not reported other reason”.
• Further (re)submissions shall include also all the previously reported templates of the period (i.e. the full final report should be complete);
• EIOPA may also apply special measures on the taxonomy data validations, changing the severity from blocking to non-blocking to facilitate the report submission, for example, with the validations related with the content of submission template;
• Undertakings which are able to submit within the first submission already the full package) are encouraged to do so as soon as possible and within the statutory deadlines. In such cases no further submissions are necessary except if further corrections are needed