Question ID: 577
Regulation Reference: Guidelines on reporting for financial stability purposes
Article: 35
Template: S.41.01
Status: Final
Date of submission: 01 Apr 2016
Question
In the document - "Answers to Guidelines on Financial stability" published on 21.01.2016, it is stated that Health and Unit-Linked business is not considered for S.41.01.11 - Lapses.
However, it also says the focus is on changes in technical provisions, particularly reductions due to surrenders/lapses. What is the rationale behind excluding Health/ Unit-linked as they can lead to a reduction of technical provisions as well? Please also confirm that you intended accepted reinsurance business to be excluded.
EIOPA answer
The focus of S.41.01 is non-unit linked life business. Health is not included. We also confirm that accepted reinsurance can be excluded.