EIOPA · 717
717
- Regulation
- Guidelines on reporting and public disclosure
- Article
- 35
- Submitted
- 2016-07-06
- Answered
- 2019-10-17
Question
Can we restrict the scope of our narrative reporting on lapse rates to exclude Unit Linked and to only include Direct Business?
I.e. is the change in the lapse rates as set out in FST S.41.01.11, sufficient to meet the RSR requirement in Section D, Guideline 22, Paragraph 1.36(d)?
Answer
Where the changes in lapse rates are material, the RSR should include information on such changes in accordance with Guideline 22 of the Guidelines on Reporting and Public Disclosure; Guideline 22 does not exclude particular products or lines of business.
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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