EIOPA · 435
435
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2015-12-17
- Answered
- 2019-09-17
Question
Some of the QRTs (such as S.12.01.01, S.13.01.01) are populated with the cash in-flows and out-flows reflected in the best estimate while S.14.01.01 is populated with a listing of premium and claim cash-flows. Which sign convention should be used?a. Both in-flows and out-flows are shown with positive signs.b. In-flows are shown with positive signs and out-flows are shown with negative signs.c. In-flows are shown with negative signs and out-flows are shown with positive signs (for consistency with the sign of the Best Estimate on S.12.01.01).
Answer
All values in the quantitative reporting templates are to be reported as positive values unless specifically said otherwise (examples: “This value shall be reported as a negative value” in S.12.01/R0110; “and negative if they decrease the amount of the item” in S.22.01.).
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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