EIOPA · 53
53
- Regulation
- Guidelines on submission of information to NCAs (Preparatory phase)
- Article
- 35
- Submitted
- 2015-03-10
- Answered
- 2019-10-28
Question
In template S.12.01. Technical provisions Life where should one report the accepted reinsurance on anuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations.
Further, in the annotated template, the definition for cells A7 to E7 reads: "BL/Life [other than annuities stemming from non-life insurance contracts and relating to health insurance obligations]". Should that not state that is excludes annuities that relate to obligations other than health." Which brings me back to the above question of where we should report the accepted reainusurance on such annuities not relating to health.
Answer
When discussing the templates EIOPA believed that it should not specifically require the reporting of the Accepted reinsurance related to “Annuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations”. This means that in template S.12.01, cell A7 should reflect to total of Accepted reinsurance, i.e. including the accepted reinsurance related to “Annuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations”, but this specific value is not required separately.
EIOPA will further consider this remark in the preparation of the templates for the Technical Standard.
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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