EIOPA · 2676
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- Template S.26.13
- Topic
- Reporting Templates
- Submitted
- 2023-06-07
- Answered
- 2023-08-21
Question
Template code: S.26.13 Template title: Internal model - Non-life & Health NSLT Underwriting risk Could you please explain, what is understood under the term: “aggregated jointly”?
Background
In the document: 2450_ITS_reporting_consolidated_AnnexII_solo instructions_S.26.02_to_S.36.05.docx, page 88, it is stated under the Z0020 definition of Risk type: 1 – Non-life and NSLT health reserve risk aggregated jointly with implicit catastrophe risk/
Answer
For “1 – Non-life and NSLT health reserve risk aggregated jointly with implicit catastrophe risk” aggregated jointly means that reserve risk includes implicit catastrophe risk that cannot be separated in the model from the Non-life and NSLT health reserve risk.
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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