Analysis of Solvency and Financial Condition Reports for Irish life insurers

Solvency II came into effect on 1 January 2016 and introduced a number of disclosure requirements for European insurers. Under the new rules, European insurers are required to publish a Solvency and Financial Condition Report (SFCR). The third set of SFCRs contains a significant amount of information, including details on business performance, risk profile, balance sheet, and capital position. Insurers are also required to publish quantitative information in the public Quantitative Reporting Templates (QRTs) included within the SFCRs. This analysis by Milliman’s Matthew McIlvannaSinéad Clarke and Aisling Barrett highlights some interesting information published in the SFCRs of life insurance companies in Ireland at year-end 2018, focussing on premiums, investments and solvency coverage.

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