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RSSWe have a follow-up question on Q&A 2662. So we understand from Q&A 2555 answer that EIOPA are saying that splitting by country (in different rows in S.14.02) should not be done (instead one row should be reported with comma separated list of countries).
- Topics:
- Reporting Templates
Regards the new Cyber risk template (S.14.03) in 2.8 taxonomy, and the associate LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). We have a question regards the new data point C0060 , "Description of Risk(s) included in the coverage"). This field can hold multiple selections. Normally in such cases EIOPA require (and enforce through a regex based validation rule) a comma-separated list of representative codes (taking the item number from the associated label).
- Topics:
- Reporting Templates
Regards the new Cyber risk template (S.14.03) in 2.8 taxonomy, and the associate LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). We have a question regards the new data point C0030 , "Product Identification"). This field can hold multiple selections. Normally in such cases EIOPA require (and enforce through a regex based validation rule)
- Topics:
- Reporting Templates
Regards the new Cyber risk template (S.14.03) in 2.8 taxonomy, and the associate LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). Would the following be an acceptable implementation for checking of C0010 (e.g. in Plausibility tests): C0010 must be unique. The taxonomy would allow duplicates (due to line identifier) but these should not be reported as implied by the LOG guidance.
- Topics:
- Reporting Templates
With regard to the 2023/894 ITS and the amended definition of insurance and intermediaries’ receivables (S.02.01.C0010/R0360). For reinsurance undertakings in many cases the reinsurance contract states that premiums are due for payment only after the end of the contract. In case a reinsurance contract ends on 31.12, for the balance sheet on this reference date
- Topics:
- Reporting Templates
We would like to ask for some clarifications about the compilation of the new QRT S.14.03 on cyber underwriting risk that will be introduced by the Taxonomy 2.8.0. The new QRT will require to distinguish the “Product Identification” (C0030) (i.e. first party loss, third party loss and related costs and services) and report for each type of product the “Sum(s) Insured” (C0080).
- Topics:
- Reporting Templates
For non-life underwriting risks, contracts with annual aggregate limits (AAL) provide risk mitigation when the cumulated amount of losses in a given year, or the loss ratio in a given year, goes above a certain predefined level (say EUR 10m, or an 80% loss ratio). The most common contract of such type is the stop loss reinsurance.
- Topics:
- Solvency Capital Requirement (SCR)
The column C0030 has a label that suggets values between 0 and 100, but the metric Pure with data type num:percentItemType is the same for e.g. Share reinsurer (%), C0100 in S.30.02.01 which shall be reported as a decimal. So in general, how do you know if a percentage should be reported as a number between 0 and 100 or a decimal?
- Topics:
- Reporting Templates
Article 77 states that "The best estimate shall correspond to the probability-weighted average of future cash-flows, taking account of the time value of money (expected present value of future cash-flows), using the relevant risk-free interest rate term structure."
- Topics:
- Technical Provisions (TPs)
A non-life insurer with one segment of business has a provision for claims outstanding of -2 mn. The provision is negative because the value of unpaid but not overdue premiums is 12 mn and the value of claims payments is 10 mn.
- Topics:
- Solvency Capital Requirement (SCR)