Question ID: 3514
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: N/A
Template: S.14.01, S.14.02
Status: Final
Date of submission: 17 Feb 2026
Question
How should the number of contracts with multiple risks (additional insurance) be reported in the S.14 template? If a contract covers multiple risks, should it be reported only once, within the most significant risk? It is not clear from the instructions in the ITS whether the number of contracts should be reported as 1 for a contract with various additional insurances (in the item "Number of contracts at the end of the year" - column C0040 in 14.01 for L, and column C0050 in 14.02 for NL), or should additional insurance for other contracts be counted?
EIOPA answer
Life (S.14.01)
For life obligations, the ITS foresees that products may be reported with different versions of a Product ID code, allowing for the breakdown of products into separate components where appropriate. In this context, contracts may be unbundled into distinct product components, which are then reported separately. As clarified in EIOPA Q&A 883, where products are unbundled, the number of contracts should be reported separately in each corresponding row.
For example, a life insurance contract that includes a life insurance component and a health rider (e.g. disability cover) may be unbundled into two components corresponding to the relevant lines of business. In such a case, each component should be reported in a separate row and the number of contracts should be reported for each component.
However, where unbundling is not required or not possible, for example where only one of the risks is material or where the cash flows are significantly interdependent, the contract should be allocated according to the main risk driver, in line with the principles for the allocation of obligations to lines of business in Article 55 of Delegated Regulation (EU) 2015/35.
Non-life (S.14.02)
For non-life obligations, contracts covering multiple risks – unless they are modular products i.e., products which could be sold separately or as a bundle - should be reported only once, under the main line of business, in accordance with the ITS instructions regarding the allocation of contracts to the most significant line of business.
For example, a household insurance contract that covers both fire and property damage and general liability risks should be reported only once in the template, under the line of business representing the main risk of the contract.