Regulatory Alerts2023-02-17
Guideline on the Preparation of Supplementary Statistical Reports by Insurance Companies for HNB (from 1 January 2023)
The Croatian National Bank (HNB) has issued this Guideline to establish supplementary statistical reporting requirements for insurance companies, introducing the quarterly FR-OSIG report for financial accounts statistics and the annual SHS-OSIG report for subsidiary securities holdings. It mandates resident insurance companies, reinsurance entities, and approved third-country subsidiaries to submit aggregated technical provisions for non-life insurance by counterparty sector (FR-OSIG) and subsidiary investment data by country of residence (SHS-OSIG) via predefined Excel templates through the secure HANFA portal. The new reporting framework replaces the previous HR-OSIG quarterly statistical report, aligns with Solvency II and ECB/ESA 2010 standards, and requires submission within five weeks after each quarter-end starting from Q1 2023 for FR-OSIG and year-end 2023 for SHS-OSIG.