Solvency II - Pillar 3

The third pillar of Solvency II contains extensive reporting and disclosure requirements, which are reflected in regular supervisory reporting comprising

  • a Solvency and Financial Condition Report (SFCR)
  • a Regular Supervisory Report (RSR)
  • the report regarding the Own Risk and Solvency Assessment (ORSA report) and
  • the Quantitative Reporting Templates (QRT)

Some of them are to be carried out annually, others every three months. Both in extent and complexity, they challenge the capacities of risk management. Meyerthole Siems Kohlruss (MSK) supports insurances, reinsurances, industrial enterprises, and captives in carrying out the numerous reporting requirements.


For large corporations, writing the Management Report, which presents the current development of the business to e.g. (potential) investors, is a well-known procedure. The innovation that comes with Solvency II is that now, virtually all actors have to report their risk profile and solvency situation at least once a year. The report will primarily be given (for instance in the form of the regular RSR) to the financial authorities - but for the first time (in the case of SFCR), it also has to be handed out to policy holders. With our support, you can detect the potentials hidden in pillar 3 in order to optimize your risk management process. We are happy to counsel you.


Solvency II is complex. Besides the provision of necessary capacities to implement the three pillars it is required to gain current information on the development and innovations of the regulations. Meyerthole Siems Kohlruss (MSK) offers their actuarial and strategic expert knowledge - on the one hand by workshops on the implementation of the regulatory framework - on the other hand by software solutions (either internal company software or software tools provided by MSK). Thus it becomes possible to meet the requirements in an efficient way without losing sight of the actual business.