Taxonomy 2.6.0 introduces new reporting requirements which apply from Q4 2021. This new taxonomy includes only a handful of changes although new and updated validations can potentially give rise to errors or warnings not seen before.
Supervisory reporting for insurance companies and pension schemes requires reports to be submitted in XBRL format. XBRL is the open international standard for digital business reporting, managed by a global not for profit consortium, XBRL International.
As the year end approaches, it is time to review the changes in the taxonomy for EIOPA reporting which apply from Q4, 2020.
Nearly five years has gone by since Solvency II came into force. What have we learnt, and where do we go from here?
