Question ID: 3336
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.14.01
Status: Final
Date of submission: 06 May 2025
Question
Field C0075 (similarly C0077) in S.14.01.01.05 has dimension "DD/Undiscounted". However, in the LOG it states that "Projected future premiums should be the present value (reflecting the total premium volume for the expected duration of the contract)". Moreover, please refer to BV BV1566_1, BV1566_2, BV1566_3 and BV1566_4, which reconcile discounted value from S.12.01 template with C0075 in S.14.01. So my question is: Are the columns C0075 and C0077 in S.14.01.01.05 discounted (in that case the dimension is incorrect) or undiscounted (in that case BV is incorrect)?
EIOPA answer
C0075 and C0077 in S.14.01.01.05 should be filled in line with instructions outlined in Commission Implementing Regulation EU 2023/894, which states that the values report should be the “present value", indicating that the values reported should be discounted. EIOPA will update the modelling to reflect this.