Question ID: 2646
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: Template: SE.17.01
Template: S.17.01
Status: Final
Date of submission: 24 May 2023
Question
SE.17.01 – Non-Life Technical Provisions - (Variant of Solvency II template S.17.01. with ECB add-ons) In the Instructions for ECB add-ons, for the rows ER0421 and ER0422, we have the following description: ER0421 (Gross claims paid in the current reporting period for claims incurred in the current quarter) ER0422 (Gross claims paid in the current reporting period for claims incurred in previous quarters) But in the annotated template we have the opposite information for each row, as if they had been switched: ER0421 (Gross claims paid in the current quarter relating to risks covered before the current reporting period) ER0422 (Gross claims paid in the current quarter relating to risks covered in the current reporting period) In ER0421 guidlines, they are requesting us the information for risk covered in the current reporting period, but in the annotated templates they are requesting the information before the current reporting period. Is this a mistake? which one is the correct one? annotated templates or guidelines?
EIOPA answer
Please see the answer in Q&A 2681:
EIOPA confirms that mismatch in the label of rows ER0421 and ER0422 between the taxonomy (Annotated templates) and the guidance. The mismatch will be corrected in the 2.8.0 Hotfix as follows:
ER0421 “Gross claims paid in the current financial year relating to claims incurred before the current financial year”
ER0422 “Gross claims paid in the current financial year relating to claims incurred in the current financial year”
Please find the new instructions at the following link and in the table below: https://www.ecb.europa.eu/stats/money/icpf/shared/pdf/Instructions_for_ECB_add-ons_1.zip
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ER0421 |
Gross claims paid in the current financial year relating to claims incurred before the current financial year |
Total gross claims paid year-to-date, net of salvage and subrogation, excluding expenses. This shows the gross claims payments made in the current financial year corresponding to claims incurred in previous financial years (N-1 or prior) (which is the delay between the accident/underwriting date and the payment date). E.g., Q1 and Q2 of financial year N would be reported as follows Q1: Claims paid in Q1 of the current financial year (N) relating to claims incurred before the current financial year (N-1 or prior) Q2: Claims paid in Q1 and Q2 of the current financial year (N) relating to claims incurred before the current financial year (N-1 or prior) |
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ER0422 |
Gross claims paid in the current financial year relating to claims incurred in the current financial year |
Total gross claims paid year-to-date, net of salvage and subrogation, excluding expenses. This shows the gross claims payments made in the current reporting period corresponding to claims incurred in the current financial year N. E.g., Q1 and Q2 of financial year N would be reported as follows Q1: Claims paid in Q1 of the current financial year (N) relating to claims incurred in the current financial year (N) Q2: Claims paid in Q1 and Q2 of the current financial year (N) relating to claims incurred in the current financial year (N) |