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RSSIn the RFR_TERM STRUCTURE you provided, SOUTH KOREA's LLP is considered to be 20 years. Can you explain in detail the reason? Or, if there is a related report, please recommend it. In the BACKGROUND DOCUMENT ON THE OPINION ON THE 2020 REVIEW IF SOLVENCY2 report you provided, OUTCOME OF SWAP DLT assessment 2016~2019, KRW is listed as up to 10 years. Is there a reason why SOUTH KOREA's LLP is considered to be 20 years?
- Topics:
- Risk Free Rate (RFR)
For the calculation of the capital requirement for longevity risk pursuant to Article 138 of Commission Delegated Regulation (EU) 2015/35, insurance undertakings have to determine the loss in basic own funds that would result from an instantaneous permanent decrease of 20 % in the mortality rates used for the calculation of technical provisions. In that context, the decrease in mortality rates should only apply to those insurance policies for which a decrease in mortality rates leads to an increase in technical provisions without the risk margin.
- Topics:
- Solvency Capital Requirement (SCR)
The answer to Q&A#2630 is not 100% clear to us:"S.37 should include all type of exposures and is therefore not limited by information in S.06. However, when specific asset characteristics are not applicable (e.g. country of issuer is not applicable) to the assets following the assessment for S.06 this will also impact the tables under S.37 (e.g. table S.37.02.04.03 exposure by country will not reflect this asset but the asset still needs to be included in for example S.37.01.04.01, if significant)
- Topics:
- Reporting Templates
Can EIOPA please clarify the requirements for amounts to be entered into the new rows R0800 and R0810 of S.23.01 group version. We believe that: R0800 should equal sum of R0520 + R0440, for columns C0010 through C0050 respectively R0810 should equal sum of R0520 + R0460, for columns C0010 through C0050 respectively
- Topics:
- Reporting Templates
Could you please provide some context on some of the Validation Rules between QRTs S.09.01.01 and S.29.02.01, where these rules seem to contradict the ITS.
- Topics:
- Reporting Templates
- Validations
We have a question regarding reporting amounts for Proportional reinsurance accepted (items R0120, R0220, R0320 etc.) in the S.05.01 template. Are the instructions for Written / Earned premiums in the ITS 2023/894 valid not only for Direct business, but also for Proportional reinsurance accepted? The instructions say that „Written/earned premiums shall be reported as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless of whether a local GAAP or IFRS is used.
- Topics:
- Reporting Templates
Insurer B has a 100% quota share reinsurance contract with Reinsurer C that includes a “pay as paid clause”. This clause specifies that Insurer B has no liability to the Original Insured A until Reinsurer C has paid the reinsurance claim to Insurer B. The original insurance contract between the...
- Topics:
- Reinsurance
In answer #2577 EIOPA stated that cash deposits that are recognized should also be reported in QRT S.03.01. and that government bonds pledged as collateral should also be reported in S.03.01. In former statements/answers EIOPA made counter instructions:
- Topics:
- Reporting Templates
We have an additional question regarding the 2015-2450 Q&A No. 2225 and the change in validation for XT79 assets.
Through the Credit Support Annex, we have provided and received cash collateral and government bonds (counterparties are mainly financial institutions).
2 questions:
- Topics:
- Reporting Templates
We would like to clarify a topic about Future discretionary benefits (FDB) and Future guaranteed benefits (FGB). According to the definition of FDB in the ITS (COMMISSION IMPLEMENTING REGULATION (EU) 2023/894) for S.12.01, we understand that the Line of Business (LoB) “Index-linked and unit-linked” (UL/IL) cannot have FDB. This would mean that all Future benefits should be entered in the column FGB in S.13.01 as there is no other option – even if the future benefits for UL/IL are not guaranteed.
- Topics:
- Reporting Templates