Question ID: 902
Regulation Reference: Guidelines on reporting for financial stability purposes
Article: 35
Status: Final
Date of submission: 06 Dec 2016
Question
How to understand "Contract groups should be considered look through on a best effort basis (if possible)" which is answer for question number 2 in "GL on financial stability Q&A"? Should we treat each policyholder in the group contract as one number of contract (then 1 group term contract for a company with 100 employees will be counted as 100 contracts under S.41)? or each one group contract as one contract?
EIOPA answer
If possible, look-through would imply the former (i.e. 100 contracts in the example given). However, this is only requested on a best-effort basis and is not a strict requirement as such look-through could be impractical or very cumbersome in some situations.