Insurance Recovery and Resolution Directive (IRRD)
The Insurance Recovery and Resolution Directive (IRRD) introduces new, harmonised reporting requirements aimed at ensuring insurers are prepared for financial stress and orderly resolution.
These requirements go beyond Solvency II, with a strong focus on liquidity, intragroup dependencies, critical functions, and resolution-ready data.
IRRD reporting will likely be filed in XBRL once the ITS and taxonomy are finalised and member states have transposed the IRRD into national law (by January 2027). Firms preparing for IRRD reporting should plan for XBRL-compliant submission tooling, as is already the case for Solvency II.
Get IRRD-ready with CCH Tagetik
With IRRD requirements expected to apply from 2027, early preparation is key. We help insurers move from regulatory interpretation to fully operational IRRD reporting in CCH Tagetik, including:
IRRD impact assessment & data gap analysis
Assessment of IRRD reporting requirements against your current Solvency II, finance, and risk reporting landscape, identifying:
- New data and granularity requirements
- Reuse opportunities from existing Tagetik solutions
- Process, governance, and system impacts
IRRD reporting design
Definition of a clear and efficient reporting model:
- Mapping IRRD templates to Solvency II and internal data
- Designing data models and workflows in CCH Tagetik
- Defining ownership, controls, and validation rules
CCH Tagetik configuration & integration
Implementation of IRRD reporting in CCH Tagetik:
- Configuration of data models, hierarchies, and workflows
- Integration of data from finance, actuarial, risk, treasury, and operations
- Automation of calculations, checks, and reconciliations
XBRL-ready reporting
Preparation for EIOPA’s IRRD taxonomies:
- Structuring data in line with EIOPA DPM requirements
- Supporting XBRL-based regulatory submissions
- Ensuring traceability and auditability of reported data
Testing, dry runs & go-live support
- Mock IRRD reporting cycles
- Data quality and consistency testing
- Support through first submissions and regulatory interactions
Customer stories
Discover how Baloise insurance group has optimized its Swiss Solvency and Solvency II processes with CCH Tagetik.
Learn how Menzis transformed their financial and risk reporting to achieve seamless Solvency II compliance with CCH Tagetik.
Explore TVM Insurance’s journey towards streamlined Solvency II and financial reporting with CCH Tagetik.
How we can help
We can support you with:
- Implementing CCH® Tagetik to meet IRRD reporting requirements
- Providing functional application management services
