Question ID: 1026
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.04.01
Status: Final
Date of submission: 20 Dec 2016
Question
Can you please advise where we should include the Reinsurance accepted business in the QRT – S.04.01. The log file states that the information should include direct business and accepted reinsurance business (presented gross). However the form only includes categories for business underwritten by the undertaking and the EEA and non- EEA branches. Our reinsurance business is fronted business (majority of fronters situated outside the EEA) and is a significant portion of our business. If you can share some advise on the matter as to which column ref i.e. C0010- C0110) this should be included in ,we would be very grateful.
EIOPA answer
If the reinsurance business is performed by any material non-EEA country branches please reported the amounts in S.04.01.C0110. If the reinsurance business is issued by subsidiaries, please note that the template is only applicable at individual level and should not be reported at group level.