Stand:updated on 01.01.2016 | Topic Reporting obligations Reporting procedures
Reporting and disclosure obligations of primary insurers, reinsurers and insurance groups
Pillar III of Solvency II primarily relates to reporting requirements of undertakings and groups towards the Supervisory Authority, their disclosure obligations towards the public and the reporting requirements for financial stability purposes. The disclosure obligations, in particular, will ensure greater transparency and thus promote market discipline. Moreover, the information to be submitted for supervisory purposes will enable the effective, risk-based supervision of undertakings as regards their compliance with Solvency II, while taking into account the principle of proportionality. The information required to be provided for financial stability purposes aims at a macroeconomic supervision for the safeguarding of financial stability.
