EIOPA · 1152
1152
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-06-28
- Answered
- 2019-09-27
Question
Could you please give us information which position in your opinion is correct one to present non-due receivables on reinsurance business regarding claims paid in QRT S.02. “Reinsurance receivables” or “Any other assets, not elsewhere shown”.
Answer
Amounts due should be reflected in "Reinsurance recoverables". Amounts past-due should be reflected in Reinsurance receivables.
In relation to non-due receivables on [outgoing] reinsurance business', if the meaning of "non due" is that the claim has already been incurred but is due e. g. in 2 weeks then the treatment is the same as for "due". If non-due is used in a meaning of a "pending transactions" (amount is not recognised as due yet) then there is no recognition in the balance sheet.
This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
Similar Q&As
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.