EIOPA · 1787
1787
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2019-01-17
- Answered
- 2019-10-15
Question
What are the requirements to S.05.01.01 regarding investment management expenses for unit-linked products: in case investment management expenses are built in a product as a charge on the policyholders’ investment returns, should they be reported in S.05.01.01 or not?
(OBS: A company is including these expenses in best estimate calculation.)
Answer
Investment management expenses for unit-linked business should be reported in S.05.01. Please note that Investment management expenses are usually not allocated on a policy by policy basis but at the level of a portfolio of insurance contracts.
As the amount is reported by LoB the analysis of the expenses for Unit-linked business has to take this aspect into consideration but the amounts should be reported.
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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