EIOPA · 577
577
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2016-04-01
- Answered
- 2019-10-17
Question
In the document - "Answers to Guidelines on Financial stability" published on 21.01.2016, it is stated that Health and Unit-Linked business is not considered for S.41.01.11 - Lapses.
However, it also says the focus is on changes in technical provisions, particularly reductions due to surrenders/lapses. What is the rationale behind excluding Health/ Unit-linked as they can lead to a reduction of technical provisions as well? Please also confirm that you intended accepted reinsurance business to be excluded.
Answer
The focus of S.41.01 is non-unit linked life business. Health is not included. We also confirm that accepted reinsurance can be excluded.
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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