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Would you confirm that for C0030/R0200 'Variations due to net technical provisions' and consequently for C0120/R0360-R0370 in S.29.03 we should make the theoritical assumption that the unit-linked assets fully 'neutralise' the unit-linked liabilities (which is not the case) and disclose "the net impact between Investments and Liabilities from unit-linked and index-linked business" under C0030/R0250 'Other variations in Excess of Assets over Liabilities'?
As an additional question for C0030/R0250, could you please clarify why reinsurance related items are expected under 'Other variations' if C0030/R0200 'Variations due to net technical provisions' should be net of reinsurance, so including the reinsurance?

European Insurance and Occupational Pensions Authority · Accepted Answer

Index-linked and unit-linked business should be included in the analysis performed in S.29.01 to S.29.04. This means that index-linked and unit-linked business should be included in S.29.02 and reflected in S.29.01.R0190; it should be included in S.29.03 main tables and reflected in S.29.01.R0200 and in S.09.04 as well.
In addition specific index-linked and unit-linked information is requested in S.29.03.R0300 for information. This cell should reflect the net impact of the amount of assets held by index-linked and unit-linked business and of technical provisions – index-linked and unit-linked. This amount is requested for information exactly because there is no assumption that the index-linked and unit-linked assets fully 'neutralise' the index-linked and unit-linked liabilities.
Regarding the inclusion of reinsurance in S.29.01.R0250 your observation is totally correct, reinsurance recoverables should not be reported in S.29.01.R0250. However please note that reinsurance receivables should be reported in S.29.01.R0250.

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