EIOPA · 2226
Reporting Templates
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- QRT E.02.01.16
- Topic
- Reporting Templates
- Submitted
- 2020-12-01
- Answered
- 2021-08-09
Question
According to EIOPA Q&A 2153, Transitional Measures on Technical Provision (TMTP) should be included in QRT E.02.01.16. We are considering allocation of TMTP to Pension Entitlements to be based on the weights of ”Gross Best Estimate/Technical Provisions calculated as whole” of pension entitlement in total ”Gross Best Estimate/Technical Provisions calculated as whole”. Weight should be based on business subjected to TMTP but before application of TMTP. Can EIOPA confirm or suggest a method of allocation?
Background
E.02.01.16
Answer
Allocation of the transitional of technical provisions by line of business or homogeneous risk group should be done according to the contribution of the line of business or homogeneous risk group to the amount of the transitional on technical provisions. The proposed method is commonly used, although it is not possible to endorse it for all cases since under particular circumstances (e.g. negative technical provisions) it may lead to unreasonable results. Therefore, the suitability of the method should be assessed on a case by case basis.
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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