Insurance Risk Data is collecting the latest annual solvency and financial condition reports including up to 2,594 individual data points that insurance undertakings and groups working under Solvency II provide each year.
The latest documents and data cover the 2023 calendar year - a period during which geopolitical risk rose disturbing markets, interest rates and inflation affected general accounts, the impact of natural catastrophes generally ameliorated, and steadied.
Undertakings with calendar reporting years – the vast majority of Europe's industry - had to publish their SFCRs by 7 April.
Albeit at an early stage in the annual SFCR reporting cycle, Insurance Risk Data already has the PDFs available of about 130 insurers, including over 25 group reports for Aviva, Admiral, Direct Line, esure, Just, PIC, NFU, SGAM MAE and Legal & General amongst others.
Over 100 solos' reports are also already available to subscribers, including many subsidiaries of Allianz, Chubb and Aviva.
The data from 44 separate data templates is being extracted, quality-checked and fed into over 100 data visualisations, across the different dashboards in Insurance Risk Data.
The dashboards, backed by data stretching back to 2016, give unprecedented insights into each key aspect of an insurer's business, from its balance sheet including general account, unit-linked assets, capital requirements for market and other regulatory risks, premiums, claims and expenses by line of business and major geographies, its solvency metrics, technical provisions, long-term guarantee mechanisms, and insights into metrics such as risk margins.
Insurance Risk Data will also contain the annual financial statements of all Lloyd's syndicates, as well as the public financial condition reports of Swiss and Bermudian solos and groups, when they are published.