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RSSIs our understanding correct, that DORA does not apply to contracts with service providers who do not primarily contain ICT-services but rely themselves heavily on ICT services by subcontractors?
Does DORA apply to contracts that do not primarily contain ICT-services but include very limited ICT-Service-Elements as a minor part? Will the contractual agreement be treated as “supporting a critical or important function” in case the non ICT-part supports a critical or important function while the minor ICT part does not/is not relevant?
hen it comes to specific requirements concerning the ICT-Third-Party Riskmanagement under DORA, reference is regularly made to (core) business activities, e.g. Art. 28 I lit. a. The definition of ICT Services (Art. 3 No. 21) however, is broad, as emphasized in recitals 35 and 63. In the light of DORA objectives, is DORA to be interpreted to the effect that only those ICT Services are included that are related to the core business activities of the financial undertaking and can therefore have a significant impact on the operational business in the event of a failure?
Is there/will there be a document showing a mapping between the DORA and other, mostly used, frameworks?
How will DORA Auditors be recruited please? Is there any roster for example and what are the criteria?
For S.26.13.01.11 the axis has changed from: IL: Internal line of business code - Internal line of business - Z0010 - IL; to: RV: Catastrophe risk scenario code - Catastrophe risk peril - Z0030 - RV Am I to understand correctly that (a) we no longer are requested to provide the information of table .11 per internal line of business and (b) instead the information is requested per catastrophe risk peril? Could you elaborate on said split per catastrophe risk peril? Eg. by providing an example.
I am writing to inquire about ESG scores for the insurance industry within the Euro area. I have encountered difficulties accessing sufficient data for my research through Eikon.
Could you please inform me if EIOPA holds ESG score data for Euro area insurance companies over the past 10 to 15 years, and whether it is possible to access this data for academic research purposes?
An insurance holding company provides a loan to a majority-owned insurance undertaking in the group. The group uses, in accordance with Article 328 of Commission Delegated Regulation (EU) 2015/35, method 2 to consolidate this insurance undertaking.
There are other insurance and financial undertakings in the group consolidated using method 1. The group therefore uses a combination of methods 1 and 2 for the calculation of the group solvency.
Annex I of COMMISSION DELEGATED REGULATION (EU) 2021/2139 of 4 June 2021 defines various insurance services related to climate-related perils. As per the regulation, the following insurance services (other than life insurance) are delineated: (a) Medical expense insurance; (b) Income protection insurance; (c) Workers' compensation insurance; (d) Motor vehicle liability insurance; (e) Other motor insurance;
Regarding the suggested ex-post adjustment in 6.5.3.3. EIOPA’s advice- 425 - 2), is it correct to calculate this additional unit MaxGrossExposure(peril, r, i) in the following way: 𝑀𝑎𝑥𝐺𝑟𝑜𝑠𝑠𝐸𝑥𝑝𝑜𝑠𝑢𝑟𝑒(𝑝𝑒𝑟𝑖𝑙,𝑟,𝑖)= 𝑄(𝑝𝑒𝑟𝑖𝑙,𝑟) × 𝑊(𝑝𝑒𝑟𝑖𝑙,𝑟,𝑖) × “Sum insured taking account of any deductibles and contractual limits based on the conditions in the underlying contracts(𝑝𝑒𝑟𝑖𝑙,𝑟,𝑖)” ?