EIOPA · 1473
1473
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2018-03-21
- Answered
- 2019-10-09
Question
In regard to C0090 ("Sum Insured"), is this amount intended to be net or gross of the amount reported in C0100 ("Original deductible policyholder")?
Also in the case of policy excesses (as opposed to deductibles) are these also to be reported in C0100, or is that column strictly for deductibles only?
Answer
The "sum insured" (C0090) should be the sum insured on the policy and should not be reduced for any policyholder deductible or any policy excesses.
C0100 is strictly for deductibles and policy excesses should not be reported there. The "net retention of the insurer" (C0150) should be after deducting any policyholder deductibles and any policy excesses from the sum insured.
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.
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