EIOPA · 750
750
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2016-08-30
- Answered
- 2019-09-19
Question
Annex II, log of template S.19.01 states “The amount includes all the elements that compose the claim itself but excludes any expenses” suggesting full exclusion of expenses. At the same time Annex II, log files of templates S.20.01 and S.21.01 explicitly state “Claims incurred amounts include all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims”, thus including expenses. Is this discrepancy intentional? Or all templates should include expenses attributable to specific claims?
Answer
This difference was intentional. In S.19 all expenses should be excluded while in S.20 and S.21 the expenses attributable to specific claims should be included.
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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