Insurance Recovery and Resolution Directive (IRRD) XBRL Reporting with Olive Octagon
The first draft Insurance Recovery and Resolution Directive (IRRD) XBRL reporting taxonomy is now out, and EIOPA is requesting feedback by 31 October 2025.
Our simple Excel-based solution is available for free so you can explore the templates and provide feedback to EIOPA.
Easy-to-use guided approach
When you access our IRRD reporting tool through your browser, you're presented with a very easy to follow workflow to get you from start to finish. If you can book a flight, you can use our software.
After downloading the template file, it's over to Excel to fill in your data.
The template file is a native Excel file and can easily be completed using either an installed version of Excel or by using Excel in the browser if you have a Microsoft 365 subscription.
The template file should look familiar because we've deliberately made it look as close as possible to what the regulator publishes. This makes it easy for you to provide feedback to EIOPA during the consultation.
To run validations on your completed template file and convert it to the final XBRL output file, you simply upload the template file into your browser and press the relevant button.
When you upload your template file, it stays in your browser's memory and nothing is sent to our servers.
Even if you have validation warnings or errors, you can still generate the XBRL output file.
Note that currently there are no validations specified in the PWD1 taxonomy.
What you can expect from Olive Octagon
Performance
We're confident that our software is among the fastest and most reliable on the market.
Data Security
With no software to install and your data staying on your computer, you can't get much better data security.
Responsive Support
We're always available to help if you're having problems or have any questions.
Fair and Clear Pricing
The licence fee is low and predictable to minimise any potential procurement headache.
Pricing
Access to IRRD reporting is currently free while the taxonomy is still in draft.
Once reporting goes live, pricing will be an annual fee based on the number of reporting entities, not the number of users.
Zero onboarding costs.
Support (and of course updates) included.
FREE*
*while the taxonomy is still in draft
Next steps
If you would like more information, or would like to request access to the software, then please contact us using the form at the bottom of this page.
More detail on Insurance Recovery and Resolution Directive (IRRD) XBRL reporting
We have a news article that gives a good introduction to what the IRRD reporting obligations are and some brief discussion around IRRD reporting timelines. In addition to this, here are some key snippets of latest IRRD reporting news.
Reporting Taxonomy
The draft taxonomy for taking part in the consultation is the EIOPA IRRD 2.9.1 (PWD1) Taxonomy.
The second draft taxonomy, which will include validations and potentially some changes to the templates, is due to be released in the first half of 2026.
Consultation
The consultation on reporting based on the PWD1 taxonomy is open until 31 October 2025.
To find out more about the consultation, or to provide feedback, please visit: https://www.eiopa.europa.eu/consultations/consultation-draft-implementing-technical-standards-its-resolution-reporting-irrd_en
Go Live
Member States have until 29 January 2027 to transpose the Insurance Recovery and Resolution Directive (IRRD) into their national laws.
The first live reporting date will likely be at some point in 2027 after the transposition.