Blog : Look Through

SII – QRT Reporting

SII – QRT Reporting

Article 132 of the directive requires companies to invest only in assets and instruments that can be properly identified, measured, monitored, managed, controlled and reported.

In terms of reporting, the insurance industry will report mainly via Quantitative Reporting Templates (QRTs’) and these require much more granular data  and further look through – I.e the ability to determine the underlying asset actually invested in, regardless of whether the insurance company outsources or manages fund administration internally. Outsourcing of asset management also has license implications since the asset administration function will require the insurance company itself to pay for these. e.g. Data From Bloomberg, Reuters.

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