The purpose of this workshop is to introduce Solvency II reporting requirements, to comprehensively describe related DPM and to identify consequences of specific modelling decisions made by EIOPA, including introduction of two layers of the model: Highly dimensional and Moderately dimensional. Above that, workshop’s participants are familiarized with  the challenges that NSAs face when extending international data models, i.e. Solvency II of EIOPA. Best practices in this regard will be extensively described.

Audience

This course is aimed at the financial (analysts, policy setters, accountants, auditors) and technical (software developers and architects) experts from the authorities supervising insurance undertakings.

Theory

What you will learn about Solvency II is:

  • its general idea including the three pillars principle
  • the Solvency Capital Requirements (SCR) and the Minimum Capital Requirements (MCR)
  • the scenarios of reporting defined by the technical and business criteria
  • the content of the corresponding material (QRT, LOGs, Gudelines) published by the EIOPA

Practice

What you will learn to do is:

  • to define simple data model (including definition of reportable concepts, presentation views and validation rules)
  • to convert data model into real XBRL taxonomy using one of the available on market XBRL taxonomy builders
  • to create sample financial report in XBRL format comliant with given XBRL taxonomy

Value

Upon completion of this course you will be:

  • familiar with principles of the ITS on Supervisory Reporting
  • author of the extended EIOPA XBRL taxonomy
  • familiarized with exemplary tools used to generate Solvency II reports in XBRL format