Question ID: 1536
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.30.03
Status: Final
Date of submission: 21 Jun 2018
Question
There is a treaty (Treaty ID:”T1”) which inception date is on the 1st of March end expiry date on the 28th of February. The first underwriting year was 1st March 2010 and the treaty has been renewed each year. Looking at the reporting period 2018 there are 2 treaty periods that include or overlap the reporting year and are known when the template has to be filled:
Treaty ID Inception date Expiry date
T1 01/03/2017 28/02/2018
T1 01/03/2018 28/02/2019
The reinsurers panel is different for the 2 periods.
Which period has to be reported in QRT S.30.03 for reporting period 2018?
There is a treaty (Treaty ID:”T2”) which inception date is on the 1st of July end expiry date on the 30th of June. The first underwriting year was 1st March 2010 and the treaty has been renewed each year. Looking at the reporting period 2018 there is 1 treaty period that includes or overlaps the reporting year and is known when the template has to be filled:
Treaty ID Inception date Expiry date
T2 01/07/2017 30/06/2018
This period is reported in the 2018 transmission.
In July, after the renewal another treaty period is present
Treaty ID Inception date Expiry date
T2 01/07/2018 30/06/2019
Does this event require a re-submission of the data ?
EIOPA answer
For the treaty T1: In case the treaty conditions remains unchanged for the 2 inceptions and expiry date then you should report the first ID inception date and the second expiry date.
If the treaty have different conditions for the 2 different periods then you should report these treaties are considered different treaties for the submission of information and shall be reported in different sections.
For the treaty T2: After the renewal of the treaty you should re-submit the information if there are significant changes in the contract. If the contract has been renewed with no other changes than the date and when the treaty is not significant in running the undertaking’s business no re-submission is needed.