What does IRRD stand for?

IRRD stands for <strong>Insurance Recovery and Resolution Directive</strong>, a regulatory framework designed to ensure that insurers within the EU are better prepared for financial distress.

Limited early access preview

Europe's Original IRRD Reporting Solution

Review the draft IRRD templates and generate a fully compliant XBRL file in a few clicks. Join the financial firms already benefiting from the power and simplicity of Olive Octagon.

1 Download templates

Complete

2 Fill in data

Complete

3 Run validations

In Progress

4 Verify report

Pending

Overall Progress 75%

Technical Capabilities

IRRD Reporting with Olive Octagon is a straightforward and easy-to-use workflow built by experts in regulatory reporting to help companies effortlessly comply with the Insurance Recovery and Resolution Directive (IRRD).

Excel-Based Workflow

Continue using familiar Excel spreadsheets — our software converts a simple spreadsheet into a fully validated IRRD report in seconds.

Regulatory Compliance

IRRD reports are generated in the XBRL-XML format expected by your local regulatory authority.

Private & Secure

Our software runs directly in your browser; no data ever leaves your machine. Your sensitive information remains safe and private.

Comprehensive Support

From getting set up, to those last-minute adjustments—our support team is on-hand to help make compliance as easy as possible.

Lightning Fast

No more waiting around. All Olive Octagon software is designed to run in seconds, not hours or even minutes.

Validation Testing

Automatically run validation tests before you submit your file, allowing you to catch potential issues early.

Transparent Pricing

We currently have a single pricing tier for organisations who want to try out the software before the first reporting period

FREE EARLY ACCESS

PRO

€0 /year

Complete IRRD reporting solution

Free until first reporting period
Unlimited IRRD report generation for a single reporting entity
Unlimited user accounts
Downloadable Excel template library
Detailed validation report
Priority support
Email notifications
Advanced XBRL verification
Dedicated account manager

Application Overview

Intuitive design built for quick and easy reporting

Screenshot of the IRRD workflow home screen

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.

Screenshot of an IRRD template file open in Excel

Familiar Excel workflow

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. 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.

Validate and convert

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. Note that currently there are no validations specified in the PWD1 taxonomy.

Frequently Asked Questions

IRRD stands for Insurance Recovery and Resolution Directive, a regulatory framework designed to ensure that insurers within the EU are better prepared for financial distress.

The consultation sets out the proposed framework for IRRD data collection, including a new set of reporting templates and draft XBRL taxonomy files. Validations have not been published in this draft taxonomy — these are expected in the second public working draft (PWD2) due to be released in the first half of 2026.

You can use Olive Octagon's IRRD reporting tool for free to test for any gaps in your reporting process. We recommend scheduling a product demonstration to discuss your exact requirements.

In order to make the most of the consultation window and be able to provide valuable feedback to EIOPA, we'd recommend getting an IRRD XBRL software solution and try to get all the way through to an XBRL so you can fully identify any issues early. Olive Octagon provides a free tool to do this.

The first reporting reference date can be any time after 30 January 2027. That may feel distant, but in practice it gives firms little over a year to get themselves ready for live reporting.

It is expected that all European insurers that currently report under Solvency II will be required to start producing IRRD reports from 2027.

Our tool converts your familiar Excel spreadsheets into validated, regulator-ready reports in minutes, reducing errors and saving time. This allows you to focus on your core business while staying compliant.

Absolutely. Our solution runs directly in your browser, ensuring that your sensitive data never leaves your machine. This approach helps maintain a high level of data security and privacy.

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 EIOPA's official consultation page.

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.

Get Ready for IRRD Compliance

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