EIOPA · 754
754
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2016-07-25
- Answered
- 2019-10-17
Question
Since UBR (accident insurance with premium refunds) is a product of a P&C-insurance company, where a contract consists of a life- and a non-life-part the question whether the QRT S.41.01 has to be delivered for UBR arises. Filling in the Actual-life-TP-surrender value would not give information for the total TP change for the company. Filling in a sum of life- and non-life TP would create inconsistence to life entities. Could you confirm that UBR (analogously to health) does not need to consider S.41.01?
Answer
The aim of this template is to capture life contracts. We confirm that UBR (analogously to health) does not need to considered for S.41.01.
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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