EIOPA · 2706
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-06-19
- Answered
- 2023-11-09
Question
Regards the new Cyber risk template (S.14.03) in 2.8 taxonomy, and the associate LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). Would the following be an acceptable implementation for checking of C0120 (e.g. in Plausibility tests): if c0110>0 then C01200 On the basis that if any claim has been settled with payment during the reporting period then there must always be a non-zero amount in C0120.
Answer
It is correct to assume that any non-zero number of claims paid for given period would indicate that number of claims settled with payment is non-zero. In fact, this relation should work both ways, as it is rather unlikely for claim not to cause any payment. Therefore, we would consider following, with possible implementation in the future taxonomy releases:
({C0110}empty and {C0120}empty) or ({C0110}=empty and {C0120}=empty)
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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