Bilans zakładów ubezpieczeń na potrzeby wymogów wypłacalności i do celów statutowych – podobieństwa i różnice
Balance sheet of insurance companies for solvency requirements and for statutory purposes – similarities and differences

Summary/Abstract: According to the Solvency II Directive insurance companies operating in European Union countries are obliged to carry out two separate reporting systems. In accordance with the requirements of the Directive insurance and reinsurance companies will have to report on their solvency and publicly disclose them. At the same time they will be required to report for the purposes of accounting law, which follows clearly the accounting legislation and International Financial Reporting Standards. One of the basic elements of the report is the balance sheet that shows the assets and sources of its funding by insurance companies. This paper will present similarities and differences in the compilation of the balance sheet for solvency purposes and for statutory purposes. It will identify the valuation of assets and liabilities for two separate reporting systems, as well as the possibility of using the accounting data for the solvency purposes. Unfortunately, the introduction of the new regulations mean for insurance companies conducting double reporting.

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