We have a question in relation to S.36.03 QRT (IGT - Internal Reinsurance) - C0090 - "Validity Period (expiry date".
The LOG states that the item is not to reported if a contract is continuous and ends by one of the parties giving notice. For this purpose, if a treaty starts at 01.01.20XX and ends at 31.12.20XX but is automatically renewed every year (the reinsurer remains responsible until the natural expiration or commutation of the treaty), would it be considered to be continuous? The structure implies that there is an expiry data in the treaty, but in spite of this, the expired treaties are continued due to the runoff obligation which indicates no explicit expiry date. In this case, figures would be reported as a total of the renewed treaties without an expiration date. Can EIOPA confirm this interpretation?