Solvency II Reporting Templates, commonly known as QRTs (Quantitative Reporting Templates), are standardized templates used by insurance undertakings to report key quantitative data to their national supervisory authorities. These templates are mandated by the Solvency II Directive and cover areas such as balance sheet composition, technical provisions, capital requirements, own funds, and underwriting performance. QRTs ensure consistency, comparability, and transparency across insurers operating within the European Economic Area. Below is a summary of some of the most critical QRTs.
S.02.01 – Balance Sheet
This template provides a detailed look at the insurer’s assets and liabilities valued under Solvency II principles. It helps regulators assess the financial position of the undertaking and verify that valuations align with Solvency II fair value methodologies. Assets and liabilities are broken down into granular categories to provide complete transparency.
S.06.02 – List of Assets
S.06.02 complements the balance sheet by listing each asset held by the company, including ISIN codes, valuations, and classification by asset type. It is particularly important for assessing investment risk, market concentration, and alignment with prudent person principles.
S.12.01 – Life and Health SLT Technical Provisions
For undertakings with life insurance obligations, this template outlines best estimate liabilities, risk margin, and other Solvency II-specific adjustments. It is crucial for understanding the valuation of policyholder obligations and the adequacy of technical provisions.
S.17.01 – Non-Life Technical Provisions
Similar to S.12.01 but for non-life lines of business, this template includes provisions for claims, premiums, and risk margins, separated by lines of business and geographical areas. It is a key input into solvency requirement calculations and reserve adequacy assessments.
S.23.01 – Own Funds
S.23.01 provides a snapshot of the insurer’s eligible own funds, split into tiers according to their loss-absorbing capacity. It shows how capital is structured and whether the firm meets the minimum and solvency capital requirements.
S.25.01 – Solvency Capital Requirement (Standard Formula)
This template reports the components of the Solvency Capital Requirement (SCR) when using the standard formula approach. It breaks down the capital requirements by risk module (market, underwriting, operational, etc.) and includes diversification effects and adjustments.
S.28.01 – Minimum Capital Requirement
S.28.01 provides the breakdown of the Minimum Capital Requirement (MCR), which is the absolute minimum amount of capital an insurer must hold. It is crucial for identifying when firms are at risk of regulatory intervention due to undercapitalization.
S.19.01 – Non-Life Claims Information
This template contains claims development triangles, split by accident year and line of business. It allows regulators to evaluate reserving adequacy, claim trends, and potential risks from long-tail liabilities.
S.14.01 – Undertakings in the Scope of Group Supervision
For groups, this QRT lists all entities under Solvency II group supervision, including subsidiaries and participations. It helps regulators understand the group structure and consolidate data for group-level solvency assessments.
Together, these QRTs form the backbone of Solvency II quantitative supervision. They provide regulators with the standardized data needed to monitor the solvency, risks, and financial health of insurance companies and groups.