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ICB - Insurance Corporations Assets and Liabilities


Contact , Data , Access by the public , Methodology

 
Contact
  Dataset contact e-mail Statistical Information Request form
 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 ICB - Insurance Corporations Assets and Liabilities.
  Dataset description This dataset presents harmonised statistics on the assets and liabilities of insurance corporations (ICs) which belong to the sector “insurance corporations” in the European System of Accounts (ESA 2010). ICs are divided into reinsurance corporations, life insurance corporations, non-life insurance corporations and composite insurance corporations. These statistics replace the non-harmonised euro area insurance corporations statistics that have been published by the ECB in the context of euro area insurance corporations and pension funds (ICPF) statistics. The harmonised statistics differ from the previously published statistics in terms of coverage and definition - a direct comparison of the new and old statistics is therefore not always possible. The previously published ICPF statistics are also available in the Statistical Data Warehouse for the reference periods Q1 2008 to Q2 2016.
  Short presentation of data items These statistics refer to the assets and liabilities of euro area insurance corporations. The data currently cover end-of-quarter outstanding amounts. Information on financial transactions during the quarter will be added later in 2017.
  Types of data source The legal requirements for insurance corporations (IC) statistics are laid down in Regulation ECB/2014/50, which defines the statistical standards on the type of information on their assets and liabilities that have to be reported to the national central banks by ICs. These in turn report national aggregates to the ECB. The national central banks are allowed to derive the necessary statistical information, to the extent possible, from data reported for supervisory purposes under the EU’s Solvency II framework (See https://ec.europa.eu/info/business-economy-euro/banking-and-finance/insurance-and-pensions/risk-management-and-supervision-insurance-companies-solvency-ii_en). The census of insurance corporations (list of ICs) is published by the ECB (See http://www.ecb.europa.eu/stats/financial_corporations/list_of_financial_institutions/html/index.en.html).
  Reference period These statistics are available as of reference period Q3 2016 and replace the non-harmonised euro area insurance corporations statistics which have been published by the ECB in the context of euro area insurance corporations and pension funds (ICPF) statistics. ICPF data are generally available for the reference periods Q1 2008 to Q2 2016, with a further estimate for Q3 2016 for the series on insurance corporations, in order to provide users with a link between the old and new datasets.
  Periodicity Quarterly data
  Timeliness Publication approximately 12 weeks following the reference period and gradually reduced to circa 9 weeks for reference periods in 2019.
  Update frequency Quarterly
  Catalog Download the series catalogue (complete list of series) of the dataset ICB (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
 
Access by the public Go to the top of ICB - Insurance Corporations Assets and Liabilities.
  Electronic ECB website (http://www.ecb.europa.eu/stats/financial_corporations/insurance_corporations/html/index.en.html)
 
Methodology Go to the top of ICB - Insurance Corporations Assets and Liabilities.
  Concepts and Definitions The framework for the collection of insurance corporations statistics is laid down in Regulation ECB/2014/50 (See http://www.ecb.europa.eu/ecb/legal/date/2014/html/index.en.html?skey=ECB/2014/5) This Regulation is complemented by Guideline ECB/2015/44, which sets out the procedures to be followed by NCBs when reporting insurance corporations statistics to the ECB (See http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2016.086.01.0042.01.ENG&toc=OJ:L:2016:086:TOC).
  Scope / Coverage of the data Balance sheet items of euro area insurance corporations.
  Geographic coverage Euro area
  Sector coverage Insurance corporations belonging to the sub-sector “insurance corporations" in the ESA 2010.
  Adjustments Neither seasonally nor working-day adjusted.
  Aggregation Data are aggregated across individual insurance corporations in each Member State by NCBs or national statistical institutes to derive contributions to the euro area aggregated balance sheet of the insurance corporations sector.