Question ID: 3063 - FICOD005
Regulation Reference: (EU) 2022/2454 - ITS with regard to supervisory reporting of risk concentrations and intra-group transactions (FICOD
Topic: Reporting templates on risk concentrations and intra-group transactions for conglomerates (FICOD)
Article: Annex II
Template: FC.06
Status: Final
Date of submission: 03 Apr 2024
Question
In the new template FC.06 Risk Concentration – Exposure by counterparties there is a field for Assets whose risks are mainly borne by the policyholders”. Is there a predefined threshold or definition to explain “mainly”? If we are correct, there is no definition of when risks should be considered “mainly borne by the policyholders” under the Solvency II taxonomy either. Could you clarify what is specifically expected?
Background of the question
Confirmation is sought on what type of assets shall be considered under the column “Assets whose risks are mainly borne by the policyholders”.
EIOPA answer
Column FC0130 only relates to insurance activities and shall reflect the value of assets held in relation to unit-linked or index-linked life insurance contracts.