BaFin - Navigation & Service

Stand:updated on 01.01.2016 Supervisory disclosure

The objectives of Solvency II include the creation of greater transparency in the insurance sector. This means that both undertakings and supervisors are required to make comprehensive information available to the public. The supervisory authorities must describe the relevant legal basis and publish reports on their objectives and activities. They are also required to publish aggregated data about the industry.

The supervisory disclosure requirements in Germany are based on the provisions of sections 318 and 319 of the Insurance Supervision Act (Versicherungsaufsichtsgesetz – VAG), which transpose the requirements of the Solvency II Framework Directive into German law. The disclosure obligations are set out in detail in the Commission Delegated Regulation (EU) 2015/35 (Articles 316 and 317 and Annex XXI) and in the Implementing Technical Standards (ITS) on the templates and structures required for information disclosed by supervisory authorities.

As the competent supervisory authorities for German insurance undertakings, BaFin and the supervisory authorities of the federal states fulfil their disclosure obligations on the following linked pages, where also aggregated statistical data on the insurance industry according to Solvency II reporting requirements is published.

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