509

There is a conflict between the template and the log file for disclosure of discounted benefits for accepted reinsurance:·         The template requires total accepted reinsurance benefits to be split between FGB and FDB.  The cells that split by LOB for accepted reinsurance are crossed out to indicate not required.  The equivalent cells for direct written business are for with-profits participation only.·         The log file instructions specifically describe that the split between FGB and FDB relates to with-profits participation LOB and hence does not relate to total accepted reinsurance. Hence, it is assumed that there is an error in the template, and that the reinsurance accepted column should be completed on the basis that it relates to with-profits business only (i.e. C0110 instead of C0100).  It should be noted however that this interpretation makes no allowance for inclusion of accepted reinsurance for ‘Index-linked and unit-linked insurance’ and ‘Other life insurance’ as the cells for these lines of business are crossed out in the template - hence these rows will not capture all lines of business.