EIOPA · 3405
3405
- Regulation
- (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
- Submitted
- 2025-08-19
- Answered
- 2025-09-16
Question
The guidance for form 30.03 states that the value for C0210 - Limit should be stated as if the contract were to be placed 100%. However for a contract part placed over multiple contracts but with a combined total 100%, This would mean that the total limit would be overstated for each contract. This also causes an issue for requirement C0230 - Maximum cover per risk or event. The guidance states this is equal to the Limit minus Priority. For part placed contracts, if these are stated as if it were to be placed 100% then this will also be overstated. Can you please advise?
Background
I have multiple part placed contracts that due to the nature of the contract cannot be easily combined into one. For example I have XL contracts that cover a %age of different contracts and layers.
Answer
This question has been rejected because the question is not sufficiently clear as the instructions for C0210 of S.30.03 does not state “Limit should be stated as if the contract were to be placed 100%”. On the contrary, it is stated that in the cell “the amount that is stated as Limit in the reinsurance treaty” shall be reported.
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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