Search QAs

1. Cell C0190 is named "Cashed Premium - gross", but the description states "The gross cashed premiums represent the sum of the direct business and the accepted insurance business reduced by the amount ceded to reinsurance undertakings...", which would lead to net amounts instead of gross amounts. Could you please clarify if net or gross is meant here?

If there is a third country branch authorized in one of the EU member states, can that branch benefit from freedom of establishment and freedom of services in other EU member states?

Is it possible to explain the formula to determine the proportion? "2. Only risk-mitigation techniques that are in force for at least the next 12 months and which meet the qualitative criteria set out in this Section shall be fully taken into account in the Basic Solvency Capital Requirement.

Is there an error in Article 192(2) of Commission Delegated Regulation (EU) 2015/35 regarding the LGD formula for heavily collateralised reinsurers after amendments by Regulation (EU) 2019/708?

Could EIOPA confirm, flag it for correction, and inform supervisors to prevent undue disadvantage to undertakings? Article 112a may also need review.

Questions are regards S.17.03. We find some doubt about the rules for the country to be used for reinsurance accepted business. In the old E.03.01 template the rule was "information shall be reported by area or country in which the reinsured undertaking is resident". And in the life equivalent (S.12.02, which is in line with other QRTs where country breakdown is used e.g. S.04.05) there is similar guidance:

I have a question on the reporting of the issuer country (C0270) on the S.06.02 for CIC7s. In the instance of where a bank is registered in one country (E.g. US) but has a branch in another country (e.g. IE) and the cash/deposits are held in that branch, should the country be reported as that of the registered entity (US in above example) or the branch (IE in the above example)? Internally, we note the country of risk as being the country of the registered entity as opposed to the branch.

In the application of the mass lapse risk shock for year-end reporting, should the instantaneous shock be assumed to occur on the 31st of December or on the 1st of January?

We've have been advised by one of our third-party vendors that the S.08.02 report is no longer in use and has been discontinued. Please confirm if this is correct.

Clarification is needed on whether the interest rate scenario should be selected based on the capital requirement for the interest rate risk sub-module for the interest rate sub-module, or on the overall capital requirement for the entire portfolio. For example:
Capital requirement for interest rate risk in the up scenario: 6
Capital requirement for interest rate risk in the down scenario: 5
Overall capital requirement if the up scenario is retained: 8
Overall capital requirement if the down scenario is retained: 9