EIOPA · 38
38
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2014-04-15
- Answered
- 2019-10-25
Question
In the template S.28.02.b (Composite undertakings) there are fields for both Non-life and Life activities for Non-life (re)insurance obligations and Life (re)insurance obligations. Could we assume that only the life activities are applicable for the life obligations and the non-life activities are applicable for the non-life obligations? Could we assume that the cells F2:G17 and D19:E23 could be removed from the template?’
Answer
In fact the cells might not always be empty. The non-life obligations stemming from life activities have to be reported in cells F2 to G17. Also life obligations stemming from non-life activities have to be reported in cells D19 to E23.This template reflects the calculation of the MCR as defined in the delegated act.
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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