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European Insurance and Occupational Pensions Authority

Q&A

Question ID: 9

Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)

Article: 35

Status: Final

Date of submission: 11 Dec 2013

Question

On 27-Sept-2013, EIOPA published the"Guidelines on preparing for Solvency II" (https://eiopa.europa.eu/consultations/consultation-papers/2013-closed-consultations/march-2013/guidelines-on-preparing-for-solvency-ii/index.html). We would require clarification on QRT-SCR-B3G (cell A13) as shown in "Appendix 1: Templates":
 
According to Technical Annex II: LOGs (worksheet "SCR-B3G-L"), cell A13 (of SCR-B3G) makes reference to cell A10 in SCR-B2A as the passage from the Technical Annex II: LOGs below shows:
 
"A13 - Percentage of Basic Solvency Capital Requirement - Without precluding the final design of reporting on SCR, this is the result of the percentage applied to the Basic SCR reported in item A10 on SCR-B2A is a reference to the cell A10 on SCR-B2A"
Source: Technical Annex II: LOGs (https://eiopa.europa.eu/consultations/consultation-papers/2013-closed-consultations/march-2013/guidelines-on-preparing-for-solvency-ii/index.html)
 
According to the cell-description shown above, A10 has to be used to calculate the "percentage of basic solvency capital requirement". A10 displays the net value, which is in our point of view not correct. We expected to use B10 (gross value) instead of A10 (net value).
 
Could you please clarify why the net value (displayed in A10) has to be used to calculate the cell A13 "percentage of basic solvency capital requirement" in SCR-B3G and not the gross vlaue (displayed in B10)? 

EIOPA answer

In fact there is a mistake in the LOG of S.26.06 in Technical Annex II. 
The mistake is already corrected under the Appendix II of the Final Report of the CP10, with the reference being made to cell B10 instead of cell A10 of S.25.01. 

The Technical Annex will also be amended.