Question ID: 2783
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.37.01
Status: Final
Date of submission: 05 Sep 2023
Question
Could you please clarify with which data the field "C0250 -Insurance policies" has to be filled? What would that mean from a reinsurer perspective?
EIOPA answer
All significant exposures to a third party due to the writing of (re)insurance policies should be considered, in so far it would create an exposure above the threshold set by the group supervisor. The setting of these thresholds by the group supervisor can occur on an instrument level or on a total amount of exposure to the third party.
The reported sum should be the maximum possible payment of the (re)insurer. Therefore, the sum insured or the liability limit as a maximum possible payment is applicable. Reinsurers are expected to report the liability limit, meaning the meaning the total capacity of the treaty (i.e., maximum amount the reinsurer may have to pay).