Question ID: 3183
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.05.01
Status: Final
Date of submission: 06 Nov 2024
Question
What is expected to be reported in C0300/R2600 Total technical expenses? (Observe that the row is called differently - C0300/R2600 Total expenses in ITS.) Many reporting entities are interpreting it as a sum of all net expenses and Balance - other technical expenses/income (C0300/R2510). Does this row have any sense, and if yes what should it show?
Background of the question
The row C0300/R2600 cannot represent ”the full technical result” because “Changes in other technical provisions” were removed from the template. It is difficult to understand what is meant to show the sum of all expenses and other technical income without taking into account changes in the technical provisions.
EIOPA answer
In S.05.01, C0300/R2600 shall be reported all expenses considered within the technical result. See also to Q&A 2648 - EIOPA.