Slovenia Insurance Supervision Agency issues reporting guidance and refines fund disclosure reporting for supplementary pension annuity pay-out business

The Slovenia Insurance Supervision Agency published a reporting instruction clarifying how insurers and pension companies should report the disclosures required for certain formed funds under its annual report and quarterly financial statement framework, with a particular focus on supplementary pension insurance funds during the annuity pay-out phase. The guidance is intended to reduce reporting errors and divergent interpretations after inconsistencies were identified in 2023 reporting. The underlying rules set the types and templates for (consolidated) accounting statements, the detailed content of (consolidated) annual reports, the templates for quarterly accounting statements, and the reporting method and deadlines, and they also apply to pension companies, insurance and reinsurance pools, and the Slovenian Insurance Association (for the guarantee fund and compensation bureau activities). Article 9 and Annex 2 (point 2.2) prescribe disclosures for funds where profit crediting is determined based on the technical result, covering the presentation of assets, liabilities, and results. Following the 2023 review, the Agency adjusted the reporting scope in 2024, including changes to the liabilities disclosure to address year-end mathematical provisions and additional requirements in the results disclosure on profit allocation or crediting; the February 2025 instruction further specifies the relevant line items in point 2.2(b) and 2.2(c) where errors had been observed and the reporting scope consequently changed.