Transparency and accountability in the supervisory activity

In order to foster a uniform level of transparency and accountability of supervisory authorities as well as to ensure that the information disclosed in accordance with Article 31(2) of Directive 2009/138/EC is easily accessible and comparable, EU Regulation 2015/2451 was adopted with the aim of providing for common rules regarding the structure and format of the disclosure of such information.

This involves the use of predefined structures, including:

Laws, regulations, administrative rules and general guidance

• Union legislation in the field of insurance regulation that is directly applicable within the territory of the home Member State: European Regulations, ITS - Implementing Regulations, EU Commission delegated Decisions.

• the texts of national laws, regulations, administrative rules and general guidance in the field of insurance regulation, transposing or based on Union law or otherwise applicable in the home Member State: Primary Legislation, Secondary legislation issued by IVASS.

Supervisory review process (SRP)

• to be published shortly

Aggregate statistical data including market information and supervisory aspects

• Aggregate statistical data on insurance undertakings and groups supervised under Directive 2009/138/EC; use of adjustments or transitional measures; amounts of assets, liabilities and own funds; regulatory capital requirements; internal models

  Aggregate statistical data with regard to insurance undertakings and groups - Templates A and B

• Information on: staff of the supervisory authority, on-site inspections, internal models, supervisory measures and powers, colleges of supervisors, approvals of own funds, peer reviews.

  Quantitative data on the supervisory authority - Template C

• Information on: structure of the supervisory authority, criteria for the application, calculation and removal of the capital add-ons, approved ancillary own-fund items and approved ancillary own-fund items not included in the relevant lists referred to in articles 69, 72, 74, 76 and 78 of delegated regulation (EU) 2015/35, scope of the analyses of the peer reviews organized and performed by EIOPA. Information shall be published for the four previous financial years.

  Qualitative data on the supervisory authority - Template D

Exercise of the options envisaged by Directive 2009/138/EC

• Exercise of the options

Objectives of the supervision and its main functions and activities

• Supervisory objectives