Instruction No. 2026-I-06 on Information to be Communicated for Financial Stability Purposes (Insurance Sector) Replacing Instruction No. 2023-I-14

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2026-I-06 on information to be communicated for financial stability purposes (Insurance Sector) replacing Instruction No. 2023-I-14 of October 12, 2023 modifying Instruction No. 2021-I-24 of December 16, 2021

The Prudential Control and Resolution Authority, Having regard to Delegated Regulation (EU) 2015/35 of the Commission of October 10, 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking up and pursuit of the business of Insurance and Reinsurance (known as "Solvency II"); Having regard to the Insurance Code, in particular Articles L. 300-1, L. 310-3-1, L. 351-1, L. 355-1, L. 356-1, L. 356-2 and L. 356-21; Having regard to the Monetary and Financial Code, in particular Article L. 612-24; Having regard to the Mutual Code, in particular Article L. 211-10; Having regard to the Social Security Code, in particular Article L. 931-6; Having regard to Implementing Regulation (EU) No XXX defining, for the application of Directive 2009/138/EC of the European Parliament and of the Council, implementing technical standards concerning the models to be used for the communication, by insurance and reinsurance undertakings to their supervisory authorities, of information necessary for their supervision, and repealing Implementing Regulation (EU) No 2023/894; Having regard to EIOPA Guidelines 15/107 on information to be communicated for financial stability purposes; Having regard to EIOPA Guidelines 22/198 titled "Erratum: Guidelines on information to be communicated for financial stability purposes"; Having regard to EIOPA Guidelines 26/074 titled "Guidelines on information to be communicated for financial stability purposes"; Having regard to the opinion of the Prudential Affairs Consultative Committee dated June 26, 2026,

1 European Insurance and Occupational Pensions Authority (EIOPA).

DECIDES

Article 1:
The following are subject to this Instruction:

• Groups referred to in point 5 of Article L. 356-1 of the Insurance Code and subject to group supervision under the second and third paragraphs of Article L. 356-2 of the same Code (hereinafter "groups") whose total assets, assessed in accordance with Article L. 351-1 of the Insurance Code (hereinafter "Solvency II assets"), exceed 21 billion euros at the close of the previous financial year or 20 billion euros over two consecutive financial years;
• Entities subject to the so-called "Solvency II" regime referred to in Articles L. 310-3-1 of the Insurance Code, L. 211-10 of the Mutual Code and L. 931-6 of the Social Security Code, which do not belong to a group communicating information under the preceding paragraph in France or in another Member State of the European Economic Area (hereinafter "solo entities") and whose total Solvency II assets exceed 21 billion euros at the close of the previous financial year or 20 billion euros over two consecutive financial years;
• Branches of undertakings referred to in point 4 of Article L. 310-3-1 of the Insurance Code and operating on the territory of the French Republic within the meaning of point I a) of Article L. 300-1 of the Insurance Code, which do not belong to a group communicating information under the first paragraph in France or in another Member State of the European Economic Area (hereinafter "solo entities") and whose total Solvency II assets exceed 21 billion euros at the close of the previous financial year or 20 billion euros over two consecutive financial years.
  The submission obligations defined by this Instruction take effect from the third quarter of the financial year following the breach of the thresholds.

Article 2:
The following cease to be subject to this Instruction, according to the procedures described below:

• Solo entities and groups whose Solvency II assets are less than 19 billion euros at the end of an annual financial year shall no longer communicate the information provided for by this Instruction from the first quarter of the following annual financial year;
• Solo entities and groups whose Solvency II assets are between 19 and 20 billion euros at the end of two consecutive annual financial years shall no longer communicate the information provided for by this Instruction from the first quarter of the annual financial year following these two consecutive years.

Article 3:
Parent undertakings and participating undertakings, referred to in points 1 and 3 of Article L. 356-1 of the Insurance Code, of groups subject to this Instruction in accordance with Article 1 are required to communicate data at the group level to the Prudential Control and Resolution Authority. Solo entities subject to this Instruction in accordance with Article 1 are required to communicate data at the entity level to the Prudential Control and Resolution Authority. The parent undertakings, participating undertakings, and solo entities referred to in the preceding paragraphs are hereinafter referred to as "reporting entities."

Article 4:
Reporting entities communicate the information provided for in this Instruction according to the procedures defined in Articles 2 and 4 of Instruction No. 2026-I-07 of July 10, 2026, on the transmission to the Prudential Control and Resolution Authority of prudential documents by insurance and reinsurance undertakings subject to the so-called "Solvency II" regime, as modified by Instruction No. 2025-I-07 of May 26, 2025.

Article 5:
Reporting entities must ensure that the data communicated reflect the best assessment of the financial and operational situation of the entity and are based on the most up-to-date information available to them, without this constituting a disproportionate burden for the entity. Taking into account the submission deadlines mentioned in Article 8, they must strive to ensure that, to their knowledge, the data do not contain any errors or omissions that could lead to a prudential assessment significantly different from that of the entity. They must strive to improve working procedures to reduce over time the existing gaps between the communication of information in accordance with this Instruction and the regular communication of information provided for in Articles L. 355-1 and L. 356-21 of the Insurance Code.

Article 6:
Reporting entities must ensure that the quarterly information on the Solvency Capital Requirement ("SCR") provided for by this Instruction provides a good approximation of the actual SCR level. Within the framework of the simplifications used in this quarterly calculation, the information transmitted must reflect the best estimate of the financial and operational situation of the reporting entity. Given its volatile nature, reporting entities must strive to calculate as best they can all the components of the "market risk" module of the SCR to communicate them quarterly. The other modules of the SCR may be filled in by extrapolating annual figures.

Article 7:
The data are submitted by reporting entities according to the following models, detailed in the annex to EIOPA Guidelines 26/074 on information to be communicated for financial stability purposes, supplemented by subsequent modifying guidelines and their annexes, according to the instructions provided by the European authority, and at the frequency indicated below:
1) For group heads, at the group level:

• Semi-annually, models S.14.04.11, S.14.05.11, S.38.01.11, S.39.01.11
• Quarterly, models S.01.01.13, S.01.02.04, S.02.01.01, S.05.01.13, S.06.02.04, S.23.01.13, S.25.04.13, S.41.01.11
  2) For solo entities, on an individual basis:
• Semi-annually, models S.14.04.11, S.14.05.11, S.38.01.11, S.39.01.11
• Quarterly, models S.01.01.11, S.01.02.11, S.25.04.11, S.41.01.11

Article 8:
The submission of the aforementioned information is carried out in accordance with Instruction No. 2025-I-06 of May 26, 2025.

Article 9:
This Instruction replaces Instruction No. 2023-I-14 of October 12, 2023 modifying Instruction No. 2021-I-24 of December 16, 2021.
References to Instruction No. 2023-I-14 of October 12, 2023 shall be understood as references to this Instruction.

Article 11:
This Instruction enters into force on January 30, 2027. The modifications made to the preceding provisions take effect from the collections finalized in the first quarter of 2027.

Paris, July 10, 2026
For the Insurance Sector Sub-Collegium
The President,
Jean-Paul FAUGÈRE