Financial and capital market Commission, the provisions of regulations No 147 in Riga august 31, 2016 (financial and capital market Commission Council meeting Protocol No 29 2. p.)
Insurer public quarterly reporting rules, regulations Issued under the law of the insurance and reinsurance of the eighth article 41 and article 91 of the fourth part i. General questions 1. "insurer public quarterly reporting regulations regulations" (hereinafter-the rules) are binding on the insurance companies, not insurers of Member branches (hereinafter insurer) and national insurance branches. 2. prepare the raise the insurer and the insurer and the transparency of the activities of the branch and to promote market discipline, timely provision of market participants, policy-holders, investors and other interested parties information about the period of the insurer's financial position and performance. 3. the rules provide the insurer and the insurer of the Member affiliate public quarterly reports (hereinafter report) minimum information to be included, as well as the publication of such a report. 4. The insurer shall prepare a report that reflects the information on its financial position and activities from the beginning of the year to 31 March, 30 June, 30 September and 31 December 2004 (hereinafter referred to as the reporting period), and the publication of the insurer's website. The report must be made public not later than two months after the end of the reporting period. 5. the information to be included in the report meets the following criteria: 5.1 it is essential for decision making; 5.2. it is timely; 5.3. it is available in a wide range of interested parties at no extra cost; 5.4. it has sufficient financial capacity, performance and activities of the insurer to assess the risks; 5.5. it is reliable and secure, with priority given to information audited, if possible. If sworn auditors in the reporting period or a certified auditor company has taken the insurer's examination of the financial statements, the insurer in addition to provide information on the auditor who performed such verification; 5.6 it is comparable to the reference periods and adequately explained; 5.7. it is consistent in the use of methods and assumptions, as well as reflection of their impact. 6. The insurer shall report the applicable currency is the monetary unit of the Republic of Latvia. The report indicates that it contains the degree of accuracy of the figures, except for the indicators that the provisions of paragraph 13 lays down the degree of precision. 7. the management of the Insurer (insurance company and mutual insurance cooperatives, the Board member insurers not branches, Branch Manager) is responsible for the preparation of statements and timely publication, as well as information updates as necessary. 8. the Member State of the branch shall be published in the Member insurer is an insurer that it is a branch, the latest available public review of the activities of the Member insurer and financial indicators, in accordance with the Member insurer's country of registration laws. A member insurer's affiliates to access this report of the Republic of Latvia State language. By way of derogation from these requirements, the Member State shall evaluate the usefulness of insurer branch and public ikceturkšņ data on the extent of its activities in the Republic of Latvia, such as insurance premiums and premiums for insurance benefits paid by insurance. II. Review of the information to be included in statement 9, information shall be provided at least on: 9.1. financial position and operating results, updating the each reporting period; 9.2. performance indicators by updating the each reporting period; 9.3. the risk analysis when restoring it as needed; 9.4. control and management, restoring it as needed; 9.5. the composition of the group, restoring it as needed; 9.6. the own funds and the solvency capital requirement calculation, restoring it at each reporting period. 10. If since the last publication of the information referred to in rule 9.3, 9.4 and 9.5, have not changed, the insurer, by publishing the current quarterly report clearly informed of the availability of the following recent content, indicating that there are no significant changes. 11. The balance sheet and income statement items and scoring rules are consistent with the financial and capital market Commission approved "insurance company, mutual insurance cooperative society and member of the insurer not affiliate annual report and the consolidated annual report rules ' requirements. The balance sheet and income statement items of the layout specified in rules 1 and 2 in the annex. 12. in addition to the profit and loss statement the information provided the insurer indicate the gross insurance premiums written, gross claims paid and net operating expenditure (annex 3), by the following types of insurance that received a licence for the provision of insurance services: 12.1. non-life insurance: 12.1.1. accident insurance, 12.1.2. health insurance, motor insurance 12.1.3, 12.1.4. rail transport insurance, aircraft insurance, 12.1.5.12.1.6, 12.1.7 ship insurance. cargo insurance , 12.1.8. property insurance against fire and damage by natural disasters and other losses, 12.1.9. motor liability insurance, 12.1.10. aircraft liability insurance, 12.1.11. shipowners ' civil liability insurance, 12.1.12. General liability insurance, credit insurance, 12.1.13.12.1.14. guarantee insurance of various financial losses 12.1.15. insurance, 12.1.16. legal expenses insurance, assistance insurance, 12.1.17.12.1.18. road transport owners civil liability compulsory insurance; 12.2. life insurance under the insurance and reinsurance law article 19 mentioned in the second paragraph of the kinds of insurance. 13. The insurer shall provide the following insurance performance indicators (annex 4), expressed as a percentage with two decimal places: 13.1. by the rules referred to in point 12.1. types of insurance: 13.1.1. loss (agreed remuneration, net/net premiums earned), 13.1.2. expenditure indicators (net operating expenses + other technical expenses, net/net premiums earned), 13.1.3. combo indicator (loss + expenditure); 13.2. a life insurer shall indicate the return on investment (net income from investments/average investment amount for the period). 14. Providing information on the risk analysis, the insurer shall contain at least the following information: 14.1 risk management general strategy and practice, t.sk. causes of risks, risk management and control, as well as whether and how risk management is applied in reinsurance, financial derivatives and alternative risk transfer or movement mechanisms; 14.2. assess the insurer's exposure to each of the essential risk category. 15. Providing information on leadership and management, the insurer shall give the particulars at least: 15.1 the insurance company's shareholders or mutual cooperative society members and their participation in the share capital, the share or shares of the nominal value and the number of votes; 15.2. the insurance company's Chairman of the Board and Chairman of the Board, mutual insurance cooperatives, the head of the Executive Body, not a member insurer's branch manager, as well as the insurance company's Board members and Board members and mutual cooperative society list of members of the executive body with this official name and position; 15.3. departments and their addresses, t.sk. the seat of the insurer, branches, offices and agencies; 15.4. the operational strategy and objectives; 15.5. essential partners, t.sk. insurance and reinsurance intermediaries, reinsurers, outsourcing providers, which provide investment, insurance underwriting and claims settlement. 16. The insurer, which is suitable for the supervision at group level in accordance with the insurance and reinsurance law in article 197, the second paragraph, for each group of rules revealed the information specified in annex 5:16.1. name and registration number; 16.2. the place of registration code according to international standard ISO 3166 "countries and their territorial breakdown unit name code" and registration address; 16.3. commercial companies (insurance or reinsurance undertaking, the Member State the insurer or reinsurer, insurer or reinsurer is not a Member State, the Member State of the insurance holding company or a mixed financial holding company, insurance holding company is not a Member State, or a mixed financial holding company, insurance holding company, multidisciplinary, other company); 16.4. the share capital or voting rights shares, directly or indirectly owned by the insurer or its parent company; 16.5. the justification for the inclusion of the group in the supervisors (subsidiary company subsidiaries subsidiaries, parent company, subsidiary of the parent company, another company). 17. The insurer's equity and the solvency capital requirement calculated in accordance with Commission Regulation (EU) delegated 2015/35, complementary to the European Parliament and Council directive 2009/138/EC relating to the taking-up and pursuit of the business of insurance and reinsurance (Solvency II), the requirements of the rules and found the information specified in annex 6.
III. submission of Reports 18. Simultaneously with the review into the insurer's website States the insurer provision 1., 2., 3., 4. and 5. reports referred to in the annex shall be submitted to the financial and capital market Commission. Financial and capital market Commission uses the data contained in these reports, preparing for the publication of information on its internet homepage. 19. the financial and capital market Commission are used in accordance with the financial and capital market Commission March 9, 2016. the normative regulation No 58 "insurers and reinsurers reporting regulations ' requirements and prepare financial and capital market Commission, the Member State of the branch of the insurer a quarterly activity report template l. 01 data, preparing for the publication of information on its internet homepage. 20. Financial and capital market Commission submitted reports prepared in accordance with the financial and capital market Commission approved "prepared statements electronically submit legislative provisions". 21. If the financial and capital market Commission finds that the insurer submitted reports prepared in error, it is announced in the report preparer. If the financial and capital market Commission has indicated otherwise, corrected report shall be submitted not later than on the working day following notification of the existence of the error from the financial and capital market Commission. IV. Closing questions 22. rules, except rules 18 and 19 of the applicable requirements, the insurer shall prepare quarterly reports to the public, starting with the 2016. the second quarter of the year. Information on the reference period from 1 January 2016 to June 30, 2016. the insurer may be made public no later than three months after the end of the reporting period. 23. paragraph 18 of the rules of the applicable requirements, the insurer in preparing public reports quarterly starting with the 2016 for the fourth quarter. 24. the financial and capital market Commission, the provisions of paragraph 19 of the request of a Member State shall apply to the branches of insurers, starting in 2016, the fourth quarter. 25. the consultations on the preparation of the report provides the financial and capital market Commission and the regulatory requirements of the Department of statistics. 26. With the entry into force of these provisions force loses financial and capital market Commission of 24 March 2006 rules No 61 "insurer public quarterly reporting rules". Financial and capital market Commission President p. Birdie annex 1 financial and capital market Commission 31.08.2016. regulatory arrangements no 147 balance report ____ ____ ________. _____ year _____ ___ (the last date of the reporting period) name of the position at the end of the reporting period for the preceding financial year to the end of tangible assets investments land and buildings intangible assets investments in related companies investments in associated companies share capital share capital held for trading financial assets classified as at fair value financial assets evaluated the presentation of profit and loss statement available-for-sale financial assets held-to-maturity investments, loans and receivables accrued income and deferred expenses tax assets of reinsurance contracts and cash in on demand to credit institutions     Total assets capital and reserves for insurance liabilities held for trading financial liabilities classified as fair value estimated financial commitments with the presentation of profit and loss statement amortized acquisition value rated financial liabilities accruals tax liabilities accrued expenses and deferred income total liabilities total equity and reserves and liabilities annex 2 financial and capital market Commission 31.08.2016.147 regulations rules no profit or loss statement ____ ________. year ___ ____ ____ ____ ___ (the last date of the reporting period) name of the position in the current period previous period appropriate premiums earned other technical income, net amount Agreed remuneration, net change in life insurance technical reserves, net changes in other technical provisions, net Net bonuses operating expenses other technical expenses, net changes in equalization reserves investment management expenses/income and commissions payable Net interest income and dividend income realized gains/losses Net of amortized acquisition value assessed financial assets and financial liabilities Net realized profit/loss from sale available financial assets Net gains/losses from held for trading financial assets and financial liabilities net profit/loss from classified as fair value measured financial assets and financial liabilities with the presentation of the income statement the foreign exchange revaluation of tangible assets, investment in buildings of the same activity, investment property and intangible assets of derecognition of the profit/loss the depreciation in the value of the loss of negative goodwill accounting period profit/loss before tax for the calculation of the corporate income tax accounting period profit/loss 3. Annex Financial and capital market Commission 31.08.2016. regulatory arrangements no 147 of the insurer a statement of premiums the insurance premiums paid for insurance benefits and net operating expenditure breakdown of the types of insurance and __________. the year ____ ____ ____ ___ (the last date of the reporting period) name of the position, the gross premiums written, gross remuneration paid to Net operating expenses total contracts concluded in Latvia Latvia total contracts concluded in t.sk. with natural persons concluding contracts in t.sk. with natural persons concluding contracts in non-life insurance accident insurance health insurance insurance of land transport railway transport insurance aircraft insurance insurance of ship cargo insurance property insurance against fire and damage by natural disasters and other losses of land vehicles liability insurance for Aircraft liability insurance of vessel owners ' civil liability insurance the General civil liability insurance take credit insurance guarantee insurance of various financial loss insurance legal expenses insurance help insurance land vehicle liability compulsory insurance               The unit-linked life insurance life insurance life insurance with savings life insurance without life pension savings insurance of marriage and childbirth insurance Tontine capital redemption operations annex 4 financial and capital market Commission 31.08.2016.147 regulations rules no insurer performance indicators by types of insurance _____ _____. year ___ ____ ____ ___ (the last date of the reporting period) name of the position in the reporting period, type of insurance in which the insurer received a license, title loss (%)                               Expense ratios (%)                               The combined index (%)                              
  Life insurers investment return would __________. year ___ ____ ____ ___ (the last date of the reporting period) name of the position in the reporting period, return on investment (%)    
  5. the annex to the financial and capital market Commission 31.08.2016.147 regulations rules no insurer composition _____ _____. _____ year _____ ___ (the last date of the reporting period), no PO box Company name registration code, registration address commercial activity in the part of the share capital (%) Part of the voting rights in the company (%) Rationale for inclusion in the Group *** ASS-OVER-insurance company, reinsurance company, DV-Member insurer, the AAU-Member State not the insurer, reinsurer, DVPĀR-Member NDVPĀR – Member State the reinsurers, the DVAP-insurance holding company, the Member State is the Member State not NDAP insurance holding company, DVJFP-member of the mixed financial holding company, NDJFP – Member State not a mixed financial holding company, DAP-multidisciplinary insurance holding company, CS – another company. ** MS – subsidiary company MMS-subsidiaries subsidiaries, MT – parent company, MTM, the parent company of subsidiary company, CT – another company.   6. the annex to the financial and capital market Commission 31.08.2016.147 regulations rules no review of the insurer's equity and the solvency capital requirement calculation _____ _____. the year ____ ____ ____ ___ (the last date of the reporting period) N.p.k. Name of the position in the reporting period 1. Basic own funds 2. Deductions for participation in financial institutions and credit institutions 3. Total core capital after deductions (1-2).   4. additional own capital total 5. Available and of use of own capital 5.1. Total own funds available to meet the solvency capital requirements 5.2. Total own funds available to meet the minimum capital requirement of 5.3. Total disposable equity to comply with solvency capital requirements 5.4. Total disposable equity to meet minimum capital requirements 6. The solvency capital requirement 7. The minimum capital requirement of 8. Equity to be used in relation to the solvency capital requirement 9. Equity to be used in relation to minimum capital requirements