EIOPA · 2794
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-09-20
- Answered
- 2025-01-17
Question
We have some insurance contracts with line of business 7 - fire and other property insurance, which covers basic risks, but also natural hazards, i.e. one part would have to be shown under 7 and the other part under 7.1. We can separate this for the written premium, but how should the fields number of contracts (C0050) and number of new contracts (C0060) be filled. Should we record a 1 for both 7 and 7.1 for such a contract or only 1 for the more expensive risk?
Answer
Where the contract covers fully or partially natural catastrophe, it should fully be reported in LoB 7.1, and not repeated in LoB 7.
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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