EIOPA · 2142
Reporting Templates
- Regulation
- Guidelines on application of outwards reinsurance
- Article
- NA
- Topic
- Reporting Templates
- Submitted
- 2020-05-04
- Answered
- 2020-06-11
Question
According to the EIOPA-BoS-14/173 guidance (Guideline 27 – Re-aggregating the net losses to derive the SCR), if the dis-aggregation of gross losses is used to estimate the reinsurance recoveries to the more granular basis, undertakings should add up the net components to derive the SCR.
Therefore the aggregation of net risk capital figures with the correlation matrices defined in the delegated act (art. 121) does not seem reasonable. Can you confirm our understanding? Do you consider any change in the formula of the validation ID BV914?
Answer
BV914 shall be deactivated and corrected in the next taxonomy release.
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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