Reporting Challenges under Solvency II: The Allianz Experience

Tobias Buecheler, Reinhard Eckl

This chapter aims to provide a concise overview over the reporting requirements under the third Pillar of Solvency II and related implementation challenges. It starts with a short introduction about Allianz and its Solvency II programme, and also explains the reporting landscape prior to the launch of the Pillar III project. The chapter then offers a short overview over the specific Pillar III reporting requirements, describing the quantitative reporting templates as well as the narrative reports and comments on their characteristics. The next section focuses on the practical Pillar III implementation at Allianz, related challenges and how they were overcome – starting from a description of the IT target architecture, before explaining the new reporting solutions and their implementation, and finally illustrating the new reporting process. The chapter concludes with a short section highlighting the current status and next steps.

ALLIANZ AND ITS SOLVENCY II PROGRAMME

Solvency II has been a challenge for Allianz Group – as for many other insurers – although, for Allianz, this has been aggravated by the scale and diverse nature of the group. Allianz is among the top 20 of the world

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