Question ID: 3126
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.04.04
Status: Final
Date of submission: 17 Jul 2024
Question
In Q&A 3039 we asked: What would define the Location of underwriting for QRT S.04.04 for Co-insurance contracts. Would this be the country of the Underwriting entity, the country of the Broker, the country of the platform of the co-insurance exchange, the country where the Customer is establish, or the country of the objects insured? EIOPA answer: The Location of underwriting for QRT S.04.04 for Co-insurance contracts should show the country of the underwriting entity. In our case we do have Co-insurance business were part of the business is subject to foreign insurance tax (EEA) due to objects insured in other countries based on Freedom to Provide service. Can EIOPA confirm that for all Co-insurance contracts - regardless whether they include parts which are subject to foreign insurance tax via Freedom to Provide service - are to be reported in the country of the underwriting entity?
EIOPA answer
In case of business underwritten via Freedom to provide Services (FPS) the total of premiums/claims/expenses for a given line of business should be reported in C0010 in S.04.04 across (non-FPS, which could be home country or internationally (e.g. fronted business written non-admitted basis)) and C0020 (FPS), with C0030 providing a further breakdown of C0020 by country.