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Insurance corporations and pension funds

The statistics are used to analyse the asset and financing status of the insurance and pension fund sector in Germany. The assets and liabilities of both sub-sectors insurance and pension funds are identified separately. These are secondary statistics which are based on data from the Federal Financial Supervisory Authority (BaFin), on other primary statistics collected by the Bundesbank and information from various pension funds.

Euro-area-wide harmonisation of insurance statistics (ESCB insurance statistics)

On 28 November 2014, the European Central Bank (ECB) adopted the Regulation on statistical reporting requirements for insurance corporations (ECB/2014/50), which was published on 20 December 2014 in the Official Journal of the European Union.  Pursuant to this regulation, data are to be transmitted to the central banks on a quarterly basis, starting in the first quarter of 2016. The reporting dates correspond to those for Solvency II reporting.

The euro-area-wide harmonisation of data enables the ECB and the national central banks to enhance their statistics on insurance corporations in the euro area. The results are scheduled to be published in the second half of 2017 for the first time.

The supervisory reporting requirements are laid down in the Implementing Technical Standards (ITS) for Solvency II. The annex to the ITS also contains quantitative reporting templates (QRTs).

Although a large part of the information required pursuant to Regulation ECB/2014/50 is to be found in the supervisory reports, some additional data are still needed. The ECB and EIOPA have therefore worked together closely to draw up reporting forms, which, in addition to the supervisory data, also contain the information required for the insurance statistics. The national central banks can decide whether to use these to make it easier to compile the statistics required for reporting purposes instead of collecting their own statistics.

The ECB's extended reporting forms are called "unofficial reporting templates including ECB add-ons". They indicate which data are required for the statistics that are not covered by the supervisory requirements (ECB add-ons). The reporting templates comprise

a) the Solvency II QRTs that have been extended by the ECB, and

b) new templates solely for statistical purposes.

For reasons of simplicity, those QRTs required for the statistics that did not need to be changed are not included. Instructions for completing the ECB add-ons can be founded in the corresponding log files.

The templates are called "unofficial templates" in order to distinguish them from the QRTs of the Implementing Technical Standards. If changes are made to the latter, a corresponding adjustment is also made to the unofficial reporting templates.

The ECB add-ons have been integrated into EIOPA's technical framework, which is based on the data point model (DPM) – a structured representation of the data – and the eXtensible Business Reporting Language (XBRL).

See the links below for more information.

You can subscribe to the insurance statistics newsletter, Statistik über Versicherungen und Pensionseinrichtungen, via the link below. It provides regular information on the latest changes and can be found under the drop-down menu "Bankenaufsicht und Meldewesen".