Question ID: 2940
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: Template E.04.01
Status: Final
Date of submission: 15 Dec 2023
Question
Regarding the new template E.04.01 for 2.8 and the unofficial reporting template instructions on ECB add-ons, could EIOPA please provide some clarifications below:
1. Materiality threshold - Could you please provide additional clarification on this?
2. Non-index-linked and non-unit-linked insurance: Does this only refer to Insurance with profit participation? Or this covers all other insurance such as other life insurance. The annotated template make reference to Insurance with profit participation but not other life insurance on this section.
EIOPA answer
Answer 1: E.04.01 always has to be reported. If all business is in the home country, then only cells relating to home country thus ER0010 should be filled.
If cross-border business exists, the same countries as in S.12.02 should be reported.
Answer 2: Non-index-linked and non-unit-linked insurance should be reported for all insurance where revenues and expenses are attributed to the policyholder. If this condition is met by other insurance than those with profit participation, this other insurance should also be included. It should also be noted in this context that E.04.01.16.01, E.04.01.16.02 only relates to life business and E.04.01.16.03 refers to life and non-life business.