EIOPA · 2850
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Topic
- Reporting Templates
- Submitted
- 2023-10-31
- Answered
- 2024-06-18
Question
S.06.04 - R0020/C0010: How should the "proportion of the Solvency II value of property exposed to physical risk" be calculated? If we look at a house which is worth e.g. 1000 Euro. Is the proportion only 100 Euro for the roof which is exposed to storm? Or isn´t there a risk for the house to be entirely damaged by a flood?
Background
We believe that there should be a consistent calculation of the "proportion" throughout europe.
Answer
The full value of the property should be taken into account in the KPI.
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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