Question ID: 415
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Status: Final
Date of submission: 24 Nov 2015
Question
Could you please confirm that the acquisition expenses should include salaries of underwriters.
EIOPA answer
Yes, acquisition costs should include salaries of underwriters as they represent costs “…of selling, underwriting and initiating an insurance contract that has been issued”.