Question ID: 2676
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: Template S.26.13
Status: Final
Date of submission: 07 Jun 2023
Question
Template code: S.26.13 Template title: Internal model - Non-life & Health NSLT Underwriting risk Could you please explain, what is understood under the term: “aggregated jointly”?
Background of the question
In the document: 2450_ITS_reporting_consolidated_AnnexII_solo instructions_S.26.02_to_S.36.05.docx, page 88, it is stated under the Z0020 definition of Risk type: 1 – Non-life and NSLT health reserve risk aggregated jointly with implicit catastrophe risk/
EIOPA answer
For “1 – Non-life and NSLT health reserve risk aggregated jointly with implicit catastrophe risk” aggregated jointly means that reserve risk includes implicit catastrophe risk that cannot be separated in the model from the Non-life and NSLT health reserve risk.