EIOPA’s reporting taxonomy package not only includes Solvency II (for insurance and reinsurance undertakings, Special Purpose Vehicles and branches from third country insurance undertakings), but also the reporting for EIOPA Financial Stability purposes, ECB Insurance Statistics, EIOPA information needs on IORPs, ECB Pension Funds Statistics, information on PEPP prudential (integrated and stand alone to cover reporting entities from all financial sectors), Solvency II disclosure package, and, finally, also the Financial Conglomerates Reporting package.
EIOPA is introducing a more automated and efficient way to produce taxonomies, reducing the risk for mistakes and mitigating the frequency and impact of business and technical changes in the implementation of reporting requirements.
To allow the market to anticipate and to adapt to the changes, please see additional information on EIOPA’s reporting taxonomy releases below.
For EIOPA's DPM and xBRL taxonomy packages please refer to the dedicated web page Supervisory reporting- DPM and XBRL.
Changes in the taxonomy releases
Find out more about the upcoming changes in this document: Plan for reporting taxonomy releases
Taxonomy Architecture
EBA and EIOPA jointly with Eurofiling have revised the Taxonomy Architecture to implement the improvements introduced to the data point modelling through the DPM Refit.
The Data Point Model (DPM)
A structured representation of the data, identifying all the business concepts and their relations, as well as validation rules. The data point model (DPM) implements the uniform and consistent definitions included in the implementing technical standards (ITS), guidelines and Board of Supervisors decisions on reporting and disclosure. It is composed of the annotated templates for the reporting frameworks with the common DPM dictionary.
The Data Point Model Standard 2.0
The Data Point Model (DPM) Standard is a key component of the data dictionary used by EIOPA and the EBA to define concepts for the harmonised regulatory data requirements applicable to financial institutions in the European Economic Area (EEA). In that sense, the DPM Standard supports experts preparing or using regulatory reporting data by providing a structured representation of the information, identifying all the business concepts and their relations, as well as validation and calculation rules.
The DPM Standard 2.0 enhances the methodology that is at the core of EIOPA and the EBA reporting process, creating a fully consistent approach for modelling reporting requirements. The new DPM supports the whole reporting lifecycle, from data definition to data exploration, and aims to reap the benefits of stronger collaboration and higher harmonisation and to improve the digital processing of the regulatory data required by authorities.
EIOPA and the EBA, following their joint DPM Refit project to keep the standard up-to-date, published in June 2023 the main package of the new DPM Standard 2.0 version and shared more information on specific events.
Moreover, in April 2024, EIOPA, the EBA and the European Central Bank (ECB) set up an alliance for common governance and collaboration in developing and maintaining the Data Point Model (DPM) Standards.
The DPM Alliance is established through a Memorandum of Understanding that was signed by the EIOPA, the EBA and the ECB to foster harmonisation among the organisations. This alliance aims at ensuring consistent methodology for modelling reporting requirements, the common metamodel used for populating the reporting requirements and the associated documentation.
The XBRL taxonomies and related artefacts
Implementing the technical data requirements and validation rules described by the data point model in the technical format of XBRL. The XBRL standard and software solutions are implemented by external parties (XBRL International and software vendors) to provide the software solutions to meet the defined requirements.
T4U Source code (Source code providing the means to create “Mapping” table):
Updated DPM database classical relational tables and mapping generator containing a fix to F – fact and C – context value mapping. (The 2.8.0 database is no longer within the generator, as the 2.8.0 Hotfix version is now available directly):
XBRL Taxonomy Releases
For planning purposes, please refer to the Governance of reporting taxonomy releases and reporting data management document and to the latest timeline of the taxonomy releases below (see timeline image below - updated 02/06/2025) and the EIOPA Taxonomy Roadmap document for applicable releases and reporting deadlines (updated 02/06/2025).
Taxonomy Releases
Reporting requirements under Solvency II Directive
The supervisory reporting requirements applicable to all undertakings subject to Solvency II Directive are defined in:
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision (applicable as of 31/12/2023)
- Internal Model templates 2.8.0 release_Q&As.xlsx Due to the 2023/894 - ITS, NCAs have started identifying mistakes in the LOG files. EIOPA acknowledges these mistakes and they will be amended in the next ITS revision. However, until they are amended, EIOPA can only provide clarifications as to what is expected in these data cells using the Q&A process.
- Explanatory notes on reporting templates Variation Analysis templates
Public Disclosure requirements under Solvency II Directive
The following public disclosure requirements are applicable to all undertakings subject to Solvency II Directive:
Reporting requirements for the purposes of financial stability
The Guidelines on Financial Stability Reporting define the reporting requirements for financial stability purposes and apply to individual insurance and reinsurance undertakings, insurance third country branches and participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies.
Requirements applicable to branches from undertakings with head offices outside the European Union
The purpose of the Guidelines on the supervision of branches of third-country insurance undertakings is to ensure a consistent, efficient and effective protection of policyholders within the European Union. The Guidelines on Third Country Branches in particular aim to ensure, as a minimum, the same level of protection of policyholders of a branch of a third country insurance undertaking as that they enjoy when they are dealing with an insurance undertaking situated in the European Union whether in its home Member State or through a branch under Solvency II Directive. These Guidelines include supervisory reporting requirements applicable to all branches from undertakings with head-offices outside the European Union subject to Solvency II Directive.
Reporting under Solvency II Directive applicable to all vehicles subject to Solvency II Directive
The Implementing Technical Standards on Special Purpose Vehicles defines that special purpose vehicles have to submit supervisory reporting to national competent authorities on an annual basis. These supervisory reporting requirements should enable the supervisory authorities of the special purpose vehicles to assess continued compliance with the relevant requirements.
EIOPA’s Guidelines on Reporting and Public Disclosure provide further details as to what supervisory authorities should expect from insurance and reinsurance undertakings, participating insurance and reinsurance undertakings, insurance holdings companies and mixed financial holding companies in the Regular Supervisory Reporting, including the mandatory application of the validation rules (data checks) as published by EIOPA (List of Validations).
Reporting requirements for IORPs
Unofficial reporting templates including ECB add-ons
Complementary to the EIOPA’s reporting requirements, EIOPA included the ECB requirements of the “Unofficial reporting templates including ECB add-ons” for both insurance and pensions sector within the Taxonomy. EIOPA’s approach aims to minimise the burden for undertakings by allowing them to create single reports covering both EIOPA’s and ECB’s requirements in one process (subject to NCA guidelines). More information can be found on the website of the European Central Bank.
Reporting requirements for PEPP
Implementing Technical Standards on Reporting for PEPP (Pan-European Pensions Product)
EIOPA Guidelines on PEPP supervisory reporting (EIOPA-21/260)
Reporting requirements for FICOD
Commission Implementing Regulation (EU) 2022/2454
Common Minimum Standards for revisions of reported data
Given the integrated reporting approach followed for supervisory and statistical reporting to EIOPA and the ECB, a common understanding of the minimum level of data quality is required as well as of when a revision of data is considered necessary.
While information reported should be of good quality at the time of its first submission, at a later stage revisions may be needed upon request by the European or national authorities or upon financial institutions' own initiative.
Therefore, the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) published Common Minimum Standards for Data Revisions agreed between the ECB, EIOPA, the National Central Banks (NCBs) and the National Competent Authorities (NCAs).
Legal Entity Identifier (LEI)
The Legal Entity Identifier is a unique identification code proposed by the Financial Stability Board (FSB) and endorsed by G20 in 2012, aimed at achieving a unique, worldwide identification of legal entities participating in financial transactions.
In December 2021 EIOPA revised the Guidelines on Legal Entity Identifier to facilitate and further promote the use of LEI as unique identification code for legal entities. The guidelines harmonise the identification of legal entities ensuring high quality, reliable and comparable data.
The legal entities impacted by the guidelines are insurance and reinsurance undertakings and relevant branches, as well as Institutions for Occupational Retirement Provision (IORPs) which meet specific conditions and intermediaries operating cross-border.
The revised guidelines also analyse the use of the LEI code for identification purposes when competent authorities provide information to EIOPA.
Find out more about the Revised Guidelines on Legal Entity Identifier
Data quality in Solvency II reporting
Reliable data is central to successful data-driven supervision, evidence-based decision making as well as micro- and macro-prudential analysis. EIOPA - together with National Competent Authorities - has been working on assessing and improving the quality of supervisory insurance reporting data. After over 130.000 individual submissions since the introduction of Solvency II reporting in 2016, EIOPA published a report on data quality in September 2022. While quantitatively measuring the quality of data remains challenging, the report found that multiple key performance indicators and an overall quality score show significant improvements over the years.
Go to the report on data quality to find out more
Contact
To contact us for support please use one of the below options:
- Questions regarding the business package (supervisory reporting or public disclosure requirements) should be submitted on the regulatory Q&A page.
- Questions regarding DPM and XBRL technical issues: please contact xbrl
eiopa [dot] europa [dot] eu (xbrl[at]eiopa[dot]europa[dot]eu) identifying the Taxonomy Release of the DPM-XBRL implementation issue. - Questions regarding the business validations (BV) and technical validations (TV): please contact validationseiopa [dot] europa [dot] eu (validations[at]eiopa[dot]europa[dot]eu)