EIOPA · 30
30
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2015-01-09
- Answered
- 2019-10-25
Question
For the Natural Catastrophe Risk details, the CP 13/010 document specifies the 20 EEA Regions and 14 Non-EEA Regions for which data must be reported.
1. How are the EEA countries not listed above to be reported?BG - BulgariaCY - CyprusEE - EstoniaFI - FinlandGR - GreeceHU - HungaryIT - ItalyLT - LithuaniaLV - LatviaMT - MaltaPT - PortugalRO - RomaniaSI - SloveniaSK - Slovakia
2. How are the European countries not listed in the EEA regions to be reported?AX - Aland IslandsGG - Guernsey - Channel Islands – could be included in UKFO - Faroe IslandsIM - Isle of Man – could be included in UKJE - Jersey - Channel Islands – could be included in UKSJ - Svalbard and Jan MayenMC - MonacoBY - BelarusMD - MoldovaRU - Russian FederationUA - UkraineAL - AlbaniaGI - Gibraltar – could be included in UKHR - CroatiaMK - The Former Yugoslav Republic of MacedoniaME - MontenegroSM - San MarinoRS - SerbiaSE – Holy See (Vatican City)
Answer
When the countries, either in or outside EEA or particular regions are not included in the regions identified, that means that the SCR calculation do not consider the exposure to risks in those areas (no capital charge for them and no reporting) unless the calculation of the SCR does not imply a close list of regions, in which case all regions where the undertaking is exposed need to be considered for the calculation and needs to be reported, e.g. the “concentration accident” and “pandemic”.
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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