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Show/Hide section   ICB - Insurance Corporations Assets and Liabilities

  Title ICB - Insurance Corporations Assets and Liabilities

  Data source National central banks (NCBs) and ECB

  Contact email address Statistical Information Request form
  Dataset last update in SDW 2023-08-31 10:00:02
  Catalog Download the series catalogue of the dataset ICB in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.
  Institutional mandate The framework for the collection of insurance corporation (IC) statistics is laid down in the ECB Regulation concerning statistics on the assets and liabilities of insurance corporations (ECB/2014/50). This Regulation is complemented by Guideline ECB/2021/12.

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.

  Legal acts and other agreements Regulation ECB/2014/50 concerning statistical reporting requirements for insurance corporations

Guideline ECB/2021/12 on financial intermediaries other than monetary financial institutions

  Data presentation - Summary description ICB statistics refer to the assets and liabilities insurance corporations resident in the euro area, covering both outstanding amounts and transactions.

  Data presentation - Detailed description ICs are divided into:
(i) reinsurance corporations
(ii) life insurance corporations
(iii) non-life insurance corporations
(iv) composite insurance corporations

  Statistical population ICs resident in the territory of a euro area Member State  form the reference reporting population.

NCBs are entitled to exempt ICs from statistical reporting requirements in accordance with Article 7 of  Regulation ECB/2014/50.

  Reference area coverage Euro Area

  Sector coverage Insurance corporations belonging to the sub-sector “insurance corporations" in the ESA 2010, sector S.128.

  Time coverage 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.

  Source data type ICs submit to the NCBs the data that the NCBs require in accordance with Guideline ECB/2014/15 on monetary, financial institutions and markets statistics. These in turn report national aggregates to the ECB.

  Time period Quarterly

  Time period - collection End of the period

  Frequency of data collection Quarterly

  Statistical concepts and definitions For information about the naming convention (series key dimensions and metadata), refer to the ICB underlying DSD (ECB_ICPF1) maintained by the ECB.
  Data compilation Data are aggregated across IC sector in each Member State by NCBs or national statistical institutes to derive contributions to the euro area aggregated balance sheet of the IC sector.

  Adjustment Neither seasonally nor working-day adjusted.

  Data validation Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.

  Data revision - policy The revisions policy and procedures set by the ECB and the relevant NCB must be followed.

  Quality management Quality is ensured by means of a comprehensive legal framework included in the Guideline ECB/2014/15 on monetary and financial statistics (recast).

  Accuracy Minimum standards for accuracy:
(a) statistical information must be correct: all linear constraints must be fulfilled (e.g. subtotals must add up to totals);
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) statistical information must be complete and must not contain continuous and structural gaps; existing gaps should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.

  Timeliness Quarterly data are reported by close of business on the 40th working day, 35th working days as of reference periods in 2019 following the end of the quarter to which the data relate.

  Release policy Publication approximately 10 weeks following the reference period, 9 weeks as of reference periods in 2019.

  Release policy - release calendar See the release calendar for insurance corporations statistics in the euro area on the ECB’s website.

  Dissemination format Statistical Data Warehouse (SDW) and ECB website

  Dissemination format - news release Press Release on the ECB website

  Metadata last update 26/OCT/2020 18:51:19

Show/Hide section   Series Level

Show/Hide section  ICB - Insurance Corporations Assets and Liabilities

Title Complement Euro area (Member States and Institutions of the Euro Area) changing composition, Insurance corporations - Asset - Debt securities - All original maturities - All currencies - Extra Euro area (changing composition) - Total economy - Euro - Outstanding amounts at the end of the period (stocks)
Series Key ICB.Q.U2.X.S128.A30.T.1.U4.S1._T.EUR
ECB Last update 2023-08-31 10:00:00.0
Unit Millions of Euro
Reference area Euro area (Member States and Institutions of the Euro Area) changing composition (U2)
Decimals Two (2)
Time period collection End of period (E)
Title Debt securities held by insurance corporations in the Euro area (stocks)
Title complement Euro area (Member States and Institutions of the Euro Area) changing composition, Insurance corporations - Asset - Debt securities - All original maturities - All currencies - Extra Euro area (changing composition) - Total economy - Euro - Outstanding amounts at the end of the period (stocks)
Publications ECB Press Release:
Frequency Quarterly