Question ID: 753
Regulation Reference: (EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article: 35
Template: S.01.02
Status: Final
Date of submission: 22 Sep 2016
Question
S.01.02 - Type of undertaking.
We have the following 3 options: Life; Non-Life; Both Life and Non-Life.
The Option "both Life and Non-Life" triggers the validation rule that template S.28.02 has to be submitted.
We have a Reinsurance company. For a reinsurance company template S.28.01 is applicable.
So what should be selected as Type of undertaking, as solely Life or solely Non-Life is not applicable for the reinsurance undertaking.
EIOPA answer
The type of undertaking to be reported (S.01.02.R0040/C0010) should follow the business that is pursued. This information should help to assess the completeness of the submission, meaning that if a reinsurance undertaking pursue life and non-life (even if one of these business is immaterial) it should report option 1. If only pursues life or only non-life then options 2 or 3 should be used. Please note that in this case, even if option 1 is reported, S.28.02 should not be reported. BV 332 which triggered the check referred in the mail has been de-activated on the 18/03.
Please see also Q&A 707 as published in Answers to questions on the Final report on the ITS on the templates for the submission of information to the supervisory authorities (CP-14-052).