Question ID: 2570
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Topic: Reporting Templates
Article: 35 of SII Directive
Template: S.30.01, S.30.02, S.30.03, S.30.04
Status: Final
Date of submission: 06 Feb 2023
Question
- The threshold has to be applied on the all solo QRTs. The threshold indicates that “The QRT should only be reported if the reinsurance recoverable are higher than 10% of the Best Estimate calculated separately for life and non-life business “ We would like to be clarified if the Ratio calculation between reinsurance recoverable and Best estimate should be done based on GROSS LIABILITIES or NET LIABILITIES or CEDED LIABILITIES.
- Please kindly clarify for the calculation of above ratio, the best Estimate of liabilities of "index-linked and unit-linked" for LIFE Business has to be considered or not?
EIOPA answer
The ratio of the thresholds for S.30.01, S.30.02, S.30.03 and S.30.04 templates should be calculated using reinsurance recoverables and gross best estimate.
Best estimate from all lines of business should be considered.
For more details on the application of the threshold, please see 2475 | Eiopa (europa.eu) and 2547 | Eiopa (europa.eu).