Skip to main content
European Insurance and Occupational Pensions Authority

278

Q&A

Question ID: 278

Regulation Reference: Guidelines on reporting and public disclosure

Article: 35

Template: S.35.01

Status: Final

Date of submission: 28 Sep 2015

Question

Some of customers have some difficulties to understand the following requirement of the intermediary guidelines relative to the QRT S35.01.g

Net Contribution to Group of TP: The percentage share of TP (TP calculated as a whole or the sum of the best estimate and the risk margin) of the (re) insurance undertaking to the group TP under method 1 net of IGT but gross of reinsurance ceded outside of the group, split by respective main categories (Life excluding health and unit linked index-linked, Unit-linked and index linked, Health - SLT and non-SLT, Non-life excluding health).

The Main issue is should the contribution be calculated as :
Option 1 ) => (NET TP  for a specific category and a specific undertaking ) OVER (Net TP of the Group for this specific category)
Option 2 ) => (NET TP for a specific category and a specific undertaking ) OVER (Net TP of the Group)
Option 3 ) => (NET TP  for a specific category and a specific undertaking ) OVER (Net TP of the Group (including only the TP for the scope of undertaking calculated under method 1)for this specific category)
Option 4 ) => (NET TP for a specific category and a specific undertaking ) OVER (Net TP of the Group (including only the TP for the scope of the undertaking calculated under method 1))

EIOPA answer

The correct is Option 3 ) => (NET TP  for a specific category and a specific undertaking ) OVER (Net TP of the Group (including only the TP for the scope of undertaking calculated under method 1)for this specific category).

As indicated in the LOG file, this item is not reported for undertakings under method 2. As regards the split into the category, the wording of LOG indicates that the denominator should also be split, not just the numerator.: “The percentage share of TP […] of the (re) insurance undertaking to the group TP […], split by respective main categories (Life excluding health and unit linked index-linked, Unit-linked and index linked, Health – SLT and non-SLT, Non-life excluding health).”