Insurance Risk Data jumps into action as SFCR deadline looms

06 April 2023

Europe's insurers face their deadline tomorrow for filing their subsidiaries' seventh annual solvency and financial condition reports (SFCR) with data points across 44 quantitative templates.

These will provide the next chapter of their fortunes during 2022, a year in which pandemic pressure and ultra-low interest rates eased, but natural catastrophe damage did not.

Since 2016, when Solvency II came into effect, Insurance Risk Data has collated more than 3m data points from SFCRs – from solvency to balance sheet items, to premiums claims and expense, risk-taking metrics and much more.

The standardised underlying data covering a seventh consecutive year gives a useful time-series revealing medium-term development in how individual undertakings and their group parents have steered their businesses since 2016.

As one of very few repositories of data from quantitative reporting templates (QRTs) and narrative reports from across the industry, Insurance Risk Data allows for benchmarking insurers, individual analysis of insurers, and country and industry-level examinations.

Since the European Insurance and Occupational Pensions Authority is no longer published country-level data for the UK, Insurance Risk Data is also a powerful tool for accessing the most granular detail available on UK undertakings and groups.

Uploading the 2022 data into a format that can be used for data analysis is already underway at Insurance Risk Data. At the time of writing, data from 25 entities is available to subscribers, including AIG Holdings Europe, Discovery, NN, PensionDanmark, SGAM Vie, Solomon Estates and St James's Place UK plc. The full data of a further 17 undertakings, from five countries, are also available in the database already for analysis through download or within multiple online visual dashboards.

Numerous investment managers, re/insurers, consultants and stock analysts across Europe and beyond make use of Insurance Risk Data's functions and tools.

The 8 April deadline is for solo entities to file their SFCRs. However, some groups have reported already, ahead of their official 20 May deadline.

The database covers insurers in the 30 EEA countries plus the UK and Gibraltar. On top of the SFCRs, Insurance Risk Data includes all Lloyd's syndicate annual reports, plus corresponding financial condition reports from insurers in Switzerland and Bermuda.

Insurance Risk Data also produces market intelligence research reports and data-driven projects provided exclusively for subscribers.

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 [email protected]