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RSSIs there any law or rule prohibiting Private Equity funds who own an insurance company to distribute dividends prior 2 years from the purchase of the company? If yes, can you reference this rule?
With regard to S.04.04 Activity by country- location of underwriting. Previously business underwritten through FPS by the the undertaking (Ireland) into the UK was reported in 'Business underwritten in the home country, by the undertaking' C0010. Under taxonomy 2.8.0 can you confirm if this business should now be reported in 'business underwritten in the country of establishment'.
C0060 – Description of Risk(s) included in the coverage. Could you please confirm where the business interruption risk is included in the list and should be indicated if it is insured. In (22) only the contingent business interruption risk is listed separately. In the german ITS the translation of contingent business interruption is „business interruption“/Betriebsunterbrechung. Does the above definition of contingent business interruption include business interruption?
There are two products A and B with the same Product Identification, same set of LoB and the same set of Risk coverage; the only difference is in C0040 Cyber coverage in the Product indentification, Product A -> (1) Cyber Standalone Coverage, Product B -> (2) Cyber as add-on coverage but the main risk being covered. o Could you please confirm, that the two products A, B cannot be aggregated via C0040 -> (1), (2), each product should be reported using individual lines. o Could you please confirm, that the two products should have different Product Group Codes.
C0030 – Product Identification: In principle, only one item can be chosen from the list (First Party Loss, Third Party Loss, Costs and related services) to characterise the Product Identification. However, in exceptional cases and in case of reporting from Reinsurance undertakings, multiple selection is allowed. Please give a further explinatation of exceptional cases. Could you please confirm, if also data on best effort practice or estimates are allowed.
Could you please confirm whether the QRT S.14.03 should only refer to the direct business and accepted reinsurance business underwritten by the respective insurer in the home country, or whether it should also include the "outgoing" business through branch/business underwriting under freedom to provide services/rest of the world?
S.06.04: Property, plant and equipment (PPE) should be included for the calculation of the KPI on physical risk. Does this include the PPE which is owned by the undertaking, as well as rented or leased PPE?
We encounter incomplete or missing NACE codes, companies that do not have LEI Codes and the UTI for derivatives for Futures and Options may consist of more characters than is currently allowed. What is the solution?
S.06.04 - R0020/C0010: How should the "proportion of the Solvency II value of property exposed to physical risk" be calculated? If we look at a house which is worth e.g. 1000 Euro. Is the proportion only 100 Euro for the roof which is exposed to storm? Or isn´t there a risk for the house to be entirely damaged by a flood?
Is our understanding correct that the S.04.04 must also be filled for entities from non-EEA countries?