EIOPA · 998
998
- Regulation
- (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
- Article
- 35
- Submitted
- 2017-03-03
- Answered
- 2019-09-23
Question
According to the log file "Expenses (related to insurance and reinsurance obligations)" for all risk categories (i.e. risks accepted during the period etc.) of S.29.04 need to reconcile with "C0100-C0110/R0330" of S.29.03. However, unlike S.29.03, where the requirement says that only those expenses should be reported that are not included in Best Estimate calculation, S.29.04 doesn't say as such. Does it mean that S.29.04 should have details of expenses irrespective of whether they are included in Best Estimate calculation or not? If so, then how the values of expenses of all risk categories in S.29.04 would reconcile with S.29.03? Can you please confirm.
Answer
In fact the amounts reported in S.29.03 (C0100/C0110) should match the amounts reported in S.29.04 (sum of C0010/C0020 or sum of C0030 to C0050), if the analysis is performed on a line of business basis.
In both cases should reflect technical flows during the year, i.e. not included in the closing best estimate.
Please note that the amount of premiums is reported as positive amount in S.29.03 and as a negative amount in S.29.04.
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.
Similar Q&As
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.