Question ID: 3035
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: S.14.03 - Cyper underwriting risk
Template: S.14.03
Status: Final
Date of submission: 14 Mar 2024
Question
C0030 – Product Identification: In principle, only one item can be chosen from the list (First Party Loss, Third Party Loss, Costs and related services) to characterise the Product Identification. However, in exceptional cases and in case of reporting from Reinsurance undertakings, multiple selection is allowed. Please give a further explinatation of exceptional cases. Could you please confirm, if also data on best effort practice or estimates are allowed.
EIOPA answer
The reporting field C0030 in S.14.03 allows only a single selection. However, in exceptional cases (that need to be assessed on a case by case basis) where the same product code identifies products with multiple product identifications, multiple rows may be filled in reporting the same product code, but different product identifications or lines of business.
In exceptional cases, mostly related to non-proportional reinsurance contracts, the amounts included in fields from C0060 to C0140 could be provided as an estimation.