One of the aims of Solvency II is to improve transparency in the insurance sector. Undertakings and supervisors are therefore required to provide comprehensive information to the public. For example, the supervisory authorities must disclose the legal bases for Solvency II, report on their objectives and supervisory activities and publish aggregated statistical data about the industry. BaFin's disclosure obligations are governed by section 318 and section 319 of the German Insurance Supervision Act (Versicherungsaufsichtsgesetz). The rules are set out in detail in the Delegated Regulation (EU) 2015/35¹ (Articles 316 and 317 together with Appendix XXI) and in the implementing technical standard on the templates and structure for the information the supervisory authorities have to disclose.²

BaFin was required to comply with the newly established disclosure obligations for the first time in 2017. For this purpose, it has published relevant information jointly with the supervisory authorities of the federal states on its homepage. One of the aims of Solvency II is to improve transparency in the insurance sector. Undertakings and supervisors are therefore required to provide comprehensive information to the public. For example, the supervisory authorities must disclose the legal bases for Solvency II, report on their objectives and supervisory activities and publish aggregated statistical data about the industry. BaFin's disclosure obligations are governed by section 318 and section 319 of the German Insurance Supervision Act (Versicherungsaufsichtsgesetz). The rules are set out in detail in the Delegated Regulation (EU) 2015/35 (Articles 316 and 317 together with Appendix XXI) and in the implementing technical standard on the templates and structure for the information the supervisory authorities have to disclose.

BaFin was required to comply with the newly established disclosure obligations for the first time in 2017. For this purpose, it has published relevant information jointly with the supervisory authorities of the federal states on its homepage.