GLOBAL INSURANCE SECTOR EXPANDING USE OF XBRL FOR TRANSPARENCY, EFFICIENCY AND COMPLIANCE
NEW YORK, NY, MAY 27, 2011 – XBRL International, Inc. (XII) announced today that XBRL is quickly becoming the “de facto” reporting data format for insurance regulation around the world.  During the recent XBRL22 Global Conference in Brussels, Belgium, XII announced that the European Insurance and Occupational Pensions Authority (EIOPA) has chosen XBRL as the Uniform Format for Solvency II insurance reporting across Europe. EIOPA is part of the new European System of Financial Supervisors that comprises three European Supervisory Authorities.