These statistics refer to the assets and liabilities of euro area insurance corporations and pension funds (ICPFs), covering both outstanding amounts and transactions for selected key series on insurance technical reserves. In general, the statistics refer to non-consolidated data, based on the host-approach and at market value (with the exception of deposits and loans, which are at nominal value).
This dataset presents statistics on the assets and liabilities of euro area insurance corporations and pension funds (ICPFs) (as defined in ESA 95).
National Central Banks (NCBs) provide data on a "best effort" basis, as they are not legally obliged to report by any Regulation (short-term approach).
These statistics are available as from the first quarter of 2008.
Insurance corporations and pension funds (as defined in ESA 95). In addition to statistics on the assets and liabilities of all ICPFs aggregated for the sector as a whole, separate statistics on the balance sheets of insurance corporations (ICs) and pension funds (PFs) are also available on a quarterly basis.
First reporting of quarterly data on the first quarter of 2008. Annual data dates back to 2008.
In the context of the short-term approach, euro area national central banks collect data from available data sources (e.g. supervisory authorities or statistic datasets).
Quarterly and annually
End of period
Quarterly and annually
For information about the naming convention (series key dimensions and metadata), refer to the ICPF underlying DSD (ESTAT_ESAIEA) maintained by the EUROSTAT.
Balance sheet items of euro area insurance corporations and pension funds.
The main national data sources are existing supervisory collection systems, complemented with other existing NCB datasets such as data from monetary financial institutions (MFIs), securities issues statistics, balance of payments statistics, or, in some cases, existing direct reporting by ICPFs and estimates made for the national financial accounts. Owing to this nature, the statistics are standardised across euro area countries, but not fully harmonised.
Data are aggregated across the ICPF sector in each Member State by NCBs to derive national contributions to the euro area aggregated balance sheet of the ICPF sector.
All growth rate computations refer to an index of notional stocks, rather than to the stock data directly. This allows to present developments in the series free of the effects that non-transactions would have on the growth rate of stocks. The index of notional stocks is computed as a chain index I(t) = I(t-1)*[1+F(t)/S(t-1)], where F(t) are transactions during the period and S(t-1) are stocks at the end of the previous period. The index is computed in a way similar to that used in monetary financial institutions (MFI) statistics, on which more information is available in the Technical Notes to the Euro area statistics section of the ECB Statistical Bulletin.
Validation is based on the verification of balance sheet constraints, and on checks on the plausibility of developments at various levels of aggregation.
The revisions policy and procedures set by the ECB and the relevant NCB must be followed
Insurance Corporations & Pension Funds Statistics
National central banks (NCBs) and ECB
Quality is ensured by means of a comprehensive legal framework included in the Guideline ECB/2014/15 on monetary and financial statistics (recast).
Minimum standards for accuracy:
(a) the statistical information must be correct: all linear constraints must be fulfilled (e.g. assets and liabilities must balance, subtotals must add up to totals);
(b) reporting agents must be able to provide information on the developments implied by the transmitted data;
(c) the statistical information must be complete and must not contain continuous and structural gaps; existing gaps should be acknowledged, explained to the relevant NCB and, where applicable, bridged as soon as possible;
(d) reporting agents must follow the dimensions, rounding policy and decimals set by the relevant NCB for the technical transmission of the data.
Publication approximately 14 weeks after the reference period. Euro area ICPF aggregates are published at a quarterly frequency, except certain detailed breakdowns which are only shown at an annual frequency. National aggregates are published at an annual frequency.
Statistical Data Warehouse (SDW) and ECB website
Press Release on the ECB website
Download the series catalogue containing a full list of series and associated metadata of the dataset ICPF in CSV format (zipped)