EIOPA · 3034
Reporting Templates
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Article
- S.14.03 - Cyper underwriting risk
- Topic
- Reporting Templates
- Submitted
- 2024-03-14
- Answered
- 2024-06-18
Question
Could you please confirm whether the QRT S.14.03 should only refer to the direct business and accepted reinsurance business underwritten by the respective insurer in the home country, or whether it should also include the "outgoing" business through branch/business underwriting under freedom to provide services/rest of the world?
Background
Based on our analyses of the market in Germany, we know that a large part of the business is generated by national insurers in foreign regions.
Answer
The template S.14.03 is relevant to non-life insurance and reinsurance undertakings which underwrite products covering cyber risks. Business underwritten under FoS or FoE should be included in C0090.
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.
Similar Q&As
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.