EIOPA · 2687
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- N/A
- Topic
- Reporting Templates
- Submitted
- 2023-06-12
- Answered
- 2023-10-18
Question
We have a questions following the introduction of the materiality threshold(s) to the non-life business QRTs (as set out in the DRAFT business package supporting 2.8.0 taxonomy). We seek clarification on the materiality threshold for QRTs S.18.01, S.19.01, S.20.01, S.21.01 and S.21.03. In each of these template’s general comments section there is similarly worded guidance on the threshold, which gives the denominator as "non-life technical provisions". Can EIOPA please confirm if this non-life technical provisions amount should be: - gross or net of reinsurance recoverables - gross or net of any of the transitional measures
Answer
The thresholds for QRTs S.18.01, S.19.01, S.20.01, S.21.01 and S.21.03 are gross of reinsurance and should not consider transitional measures.
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.
Similar Q&As
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.