EIOPA · 2718
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-06-23
- Answered
- 2024-12-09
Question
The reinsurer share must be reported as a percentage of 100% of the original risk (field C0100 - QRTs S.30.04). The IVASS requirement is not respected (field C0100 - model S.30.04), since the QRTs is filled with 100% of the original risk, although we provide this information as a percentage of 100% within SVT prospective template. The question for EIOPA is: which is the correct requirement to be implemented about reinsurance share?
Answer
While according to the log file, C0100 “Share reinsurer (%)” should be expressed as an absolute percentage of the treaty placement, C0100 is consistently used across the log file as a relative percentage (e.g., cells C0110 and C0160). For example, let us consider an 80% quota-share treaty where reinsurer A accepts 40% of the risk, reinsurer B accepts the remaining 50% and the remaining 10% remains unplaced. In that case, C0100 should be equal to 40% for reinsurer A and 50% for reinsurer B. Please note that S.30.01 to S.30.04 templates will be reviewed in the next ITS amendment.
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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