EIOPA · 83

83

Regulation
Guidelines on submission of information to NCAs (Preparatory phase)
Submitted
2014-05-23
Answered
2019-10-29
More Q&As on this regulation →

Question

As an addition to my previous question related to these CQS, I would like to ask you, if it is correct to not consider TP calculated as a whole in the MCR formula as suggested by these data checks.

Answer

No, that is not correct. Although the name of the cells indicate the opposite. In fact the input for the formula of MCR is technical provisions without risk margin. So, B2 to B17 should include: Net (of reinsurance/SPV) best estimate and TP calculated as a whole provisions.  CQS45 to CQS60 are being reviewed and a final answer will be published under a different question.
View original on European Insurance and Occupational Pensions Authority ↗

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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