Question ID: 2801
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.14.03
Status: Final
Date of submission: 22 Sep 2023
Question
We have a question regarding item C0090 Premium(s) [Amount of the total premium(s) earned for the reported product Identification]. To prevent misunderstandings, how are the premiums specified? One option would be a specification as in QRT 14.02: „Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 …“ another option would be a specification as gross earned written premiums as defined in Article 1(12) of Delegated Regulation (EU) 2015/35.
EIOPA answer
The premiums in item C0090 of template S.14.03 are reported as gross earned written premiums, as also indicated in the ITS (reason: basis for loss ratio).