Question ID: 2850
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.06.04
Status: Final
Date of submission: 31 Oct 2023
Question
S.06.04 - R0020/C0010: How should the "proportion of the Solvency II value of property exposed to physical risk" be calculated? If we look at a house which is worth e.g. 1000 Euro. Is the proportion only 100 Euro for the roof which is exposed to storm? Or isn´t there a risk for the house to be entirely damaged by a flood?
Background of the question
We believe that there should be a consistent calculation of the "proportion" throughout europe.
EIOPA answer
The full value of the property should be taken into account in the KPI.