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ICPF - Insurance Corporations & Pension Funds Statistics


Contact , Data , Access by the public , Methodology

 
Contact
  Dataset contact e-mail Monetary.Statistics@ecb.int
 Contact person Statistical Information Request form,
European Central Bank
 Address European Central Bank
DG Statistics/Monetary & Financial Statistics
60640 Frankfurt am Main
Germany
 
Data Go to the top of ICPF - Insurance Corporations & Pension Funds Statistics.
  Dataset description This dataset presents statistics on the assets and liabilities of euro area insurance corporations and pension funds (ICPFs) (as defined in ESA 95).
National Central Banks (NCBs) provide data on a "best effort" basis, as they are not legally obliged to report by any Regulation (short-term approach).
These statistics are available as from the first quarter of 2008.
  Short presentation of data items These statistics refer to the assets and liabilities of euro area insurance corporations and pension funds (ICPFs), covering both outstanding amounts and transactions for selected key series on insurance technical reserves. In general, the statistics refer to non-consolidated data, based on the host-approach and at market value (with the exception of deposits and loans, which are at nominal value).
  Types of data source In the context of the short-term approach, euro area national central banks collect data from available data sources (e.g. supervisory authorities or statistic datasets).
  Reference period These statistics are available as from reference period 2008Q1 for quarterly data; annual data dates back to 2008.
  Periodicity Quarterly and annual data
  Timeliness Publication approximately 14 weeks after the reference period.
  Update frequency Euro area ICPF aggregates are published at a quarterly frequency, except certain detailed breakdowns which are only shown at an annual frequency. National aggregates are published at an annual frequency.
  Catalog Download the series catalogue (complete list of series) of the dataset ICPF (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
  ECB dataset naming convention

A series code is composed of the key family identifier (ICPF) plus 13 dimensions, each of them separated by a dot.

For example: ICPF.Q.U2.N.V.LE.F511.S125.A1.S.1.N.E.Z

Position Dimension Length Example Description
1 Frequency 1 Q Quarterly
2 Reference area 2 U2 Euro area
3 Adjustment indicator 1 N Neither seasonally nor working day adjusted
4 Valuation 1 V Current prices
5 Transaction and other flows 1-3 LE Amounts outstanding (stocks)
6 Instrument classification 1-6 F511 Quoted shares
7 Reporting institutional sector 4-5 S125 Insurance corporations and pension funds
8 Counterpart area 2 A1 World (all entities)
9 Counterpart institution sector 1-4 S Total economy (all sectors)
10 Uses and resources 1 1 Assets
11 Consolidation 1 N Non-consolidated
12 Denomination 1 E Euro
13 Reference table number 1 Z Not applicable

A comprehensive description of the dimensions can be found in ICPF Naming Conventions.

 
Access by the public Go to the top of ICPF - Insurance Corporations & Pension Funds Statistics.
  Monthly bulletin Table 2.11 of the "Euro area statistics" section
  Electronic ECB website ( http://www.ecb.europa.eu/stats/money/icpf/html/index.en.html)
  Other Statistics Pocket Book ( http://www.ecb.europa.eu/pub/spb/html/index.en.html) - Table 8.7
 
Methodology Go to the top of ICPF - Insurance Corporations & Pension Funds Statistics.
  Concepts and Definitions Data are reported according to the sector and instrument definitions of ESA 95.
  Scope / Coverage of the data Balance sheet items of euro area insurance corporations and pension funds.
  Geographic coverage Euro area
  Sector coverage Insurance corporations and pension funds (as defined in ESA 95). In addition to statistics on the assets and liabilities of all ICPFs aggregated for the sector as a whole, separate statistics on the balance sheets of insurance corporations (ICs) and pension funds (PFs) are also available on a quarterly basis.
  Transactions coverage Transactions are only available for selected key series on insurance technical reserves.
  Nature of the basic statistical data The main national data sources are existing supervisory collection systems, complemented with other existing NCB datasets such as data from monetary financial institutions (MFIs), securities issues statistics, balance of payments statistics, or, in some cases, existing direct reporting by ICPFs and estimates made for the national financial accounts. Owing to this nature, the statistics are standardised across euro area countries, but not fully harmonised.
  Adjustments Neither seasonally nor working day adjusted.
  Aggregation Data are collected by the national central banks (NCBs) on an aggregated basis. Data from all euro area countries is then combined to compile the euro area insurance corporations and pension funds aggregates.
  Estimation The euro area ICPF balance sheet statistics are being compiled by the Eurosystem, exploiting data available for the ICPF sector at a national level. In the case of missing data in the national contributions provided by NCBs to the ECB, estimates are compiled by the ECB in order to derive euro area aggregates.
  Validation Based on the verification of balance sheet constraints and checks on plausibility of developments at various levels of aggregation based on time series techniques and judgement. Cross-check with other ECB data sources.