Reporting Templates

The answer to this question was revised on 29 July 2025:According to the Commission Delegated Regulation (EU) 2015/35 when classifying an asset using the CIC table, undertakings shall take into consideration the most representative risk to which the asset is exposed to. Therefore, the statement that Bloomberg have advised that this is an EIOPA classification and they are just returning the values you assign is not correct. EIOPA is not classifying assets, it is the insurers that should classify assets.Please note however, that instruments that are fully, unconditionally, and irrevocably guaranteed by non-EU/EEA central governments should be categorised with CIC code 2.Please be aware that for the purpose of determining the capital requirements for spread and market risk concentration under the standard formula, the relevant provisions in the Commission Delegated Regulation (EU) 2015/35 have to be evaluated (which consider factors like rating or the type of issuer (e.g. EU Member State Central Government. The determination cannot be based on the CIC. ***Old answer published until 29 July 2025According to the Commission Delegated Regulation (EU) 2015/35 when classifying an asset using the CIC table, undertakings shall take into consideration the most representative risk to which the asset is exposed to. Therefore, the statement that Bloomberg have advised that this is an EIOPA classification and they are just returning the values you assign is not correct. EIOPA is not classifying assets, it is the insurers that should classify assets.We agree that an asset that is a full faith and credit obligation of a government should be categorised with CIC 1.Please be aware that for the purpose of determining the capital requirements for spread and market risk concentration under the standard formula, the relevant provisions in the Commission Delegated Regulation (EU) 2015/35 have to be evaluated (which consider factors like rating or the type of issuer (e.g. EU Member State Central Government. The determination cannot be based on the CIC.