Question ID: 30
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Status: Final
Date of submission: 09 Jan 2015
Question
For the Natural Catastrophe Risk details, the CP 13/010 document specifies the 20 EEA Regions and 14 Non-EEA Regions for which data must be reported.
1. How are the EEA countries not listed above to be reported?
BG - Bulgaria
CY - Cyprus
EE - Estonia
FI - Finland
GR - Greece
HU - Hungary
IT - Italy
LT - Lithuania
LV - Latvia
MT - Malta
PT - Portugal
RO - Romania
SI - Slovenia
SK - Slovakia
2. How are the European countries not listed in the EEA regions to be reported?
AX - Aland Islands
GG - Guernsey - Channel Islands – could be included in UK
FO - Faroe Islands
IM - Isle of Man – could be included in UK
JE - Jersey - Channel Islands – could be included in UK
SJ - Svalbard and Jan Mayen
MC - Monaco
BY - Belarus
MD - Moldova
RU - Russian Federation
UA - Ukraine
AL - Albania
GI - Gibraltar – could be included in UK
HR - Croatia
MK - The Former Yugoslav Republic of Macedonia
ME - Montenegro
SM - San Marino
RS - Serbia
SE – Holy See (Vatican City)
EIOPA answer
When the countries, either in or outside EEA or particular regions are not included in the regions identified, that means that the SCR calculation do not consider the exposure to risks in those areas (no capital charge for them and no reporting) unless the calculation of the SCR does not imply a close list of regions, in which case all regions where the undertaking is exposed need to be considered for the calculation and needs to be reported, e.g. the “concentration accident” and “pandemic”.