Today (8 April) is the deadline for Europe's underwriters to file their subsidiaries' sixth annual solvency and financial condition reports (SFCR) with data points across 44 quantitative templates, including details on market risk-taking, general account and unit-linked investments.
This will give unrivalled insight into their fortunes for 2021 - another year plagued by the pandemic, and which many practitioners described as 'unprecedented'.
The deadline for group-level SFCRs and QRTs is 20 May, though some have filed SFCRs already.
Insurers are require to file their SFCR under Solvency II's goal of greater industry transparency. Yet recent reporting by Insurance Asset Risk has found that China's review of its own insurance regulation may have trumped European insurance regulators, by creating an even more transparent environment.
Insurance Risk Data, the insurance data service of the publishers of Insurance Asset Risk, has begun gathering early filings, to archive the narrative SFCRs in its commercial library, and raw data from all the QRTs.
It allows subscribers to analyse both the narrative reports and data in scores of informative visualisations, and with entire dashboards dedicated to insurers' investment data.
These span groups and undertakings, across 32 EEA countries and markets, including the UK and Gibraltar.
Last year the EEA insurance groups in Insurance Risk Data revealed about 86,100 data points between them, from capital adequacy to balance sheet composition, to premiums claims and expenses – and much more, across 44 separate QRTs. Extrapolating that volume, for the 2020 reporting period, back to 2016 equates to roughly 430,500 data points since Solvency II began in 2016.
Including solo insurers and groups, the total number of data points collected by Insurance Risk Data is estimated at around 3m.
Insurance Risk Data also produces market intelligence research reports, including on investment outsourcing, and data-driven projects on topics such as market risk and investment fees, provided exclusively for its subscribers.
On top of having all the SFCRs and QRT data, Insurance Risk Data has all Lloyd's syndicate annual reports, and solvency and financial condition reports from insurance groups and solos in Switzerland and in Bermuda.
Insurance Risk Data captures all Solvency II SFCRs and QRT data from European insurers into a single, comprehensive database, complete with interactive data visualisation dashboards, ideal for analysis, research and benchmarking. Demos and free trials available at www.insuranceriskdata.com or email info@insuranceriskdata.com