Regulator

Life insurance is an activity regulated by law. The regulator/supervisor of the insurance sector is the Prudential Supervision and Resolution Authority (ACPR). The European body EIOPA is only an advisory body, unlike the banking sector which is regulated at the European level by the European Banking Authority (EBA).

The insurance company is subject to specific insurance accounting rules as well as Solvency II requirements. It must therefore regularly submit to the regulator a number of reports, including the Quantitative Reporting Templates QRT.