Question ID: 1152
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 28 Jun 2017
Question
Could you please give us information which position in your opinion is correct one to present non-due receivables on reinsurance business regarding claims paid in QRT S.02. “Reinsurance receivables” or “Any other assets, not elsewhere shown”.
EIOPA answer
Amounts due should be reflected in "Reinsurance recoverables". Amounts past-due should be reflected in Reinsurance receivables.
In relation to non-due receivables on [outgoing] reinsurance business', if the meaning of "non due" is that the claim has already been incurred but is due e. g. in 2 weeks then the treatment is the same as for "due". If non-due is used in a meaning of a "pending transactions" (amount is not recognised as due yet) then there is no recognition in the balance sheet.