LegalizeCommission Implementing Regulation (EU) 2023/894 of 4 April 2023 laying down implementing technical standards for the application of Directive 2009/138/EC of the European Parliament and the Council with regard to the templates for the submission by insurance and reinsurance undertakings to their supervisory authorities of information necessary for their supervision and repealing Implementing Regulation (EU) 2015/2450 (Text with EEA relevance)
This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.
| ITEM | INSTRUCTIONS | |
| Assets | ||
| Z0020 | Ring–fenced fund or remaining part | Identifies whether the reported figures are with regard to an RFF or to the remaining part. One of the options in the following closed list shall be used: 1 – RFF 2 – Remaining part |
| Z0030 | Fund number | When item Z0020 = 1, this is a unique number or code of fund, as attributed by the undertaking. It shall remain unvarying over time. It shall not be re–used for any other fund. When item Z0020 = 2, then report ‘0’ |
| C0020/R0010 | Goodwill | Intangible asset that arises as the result of a business combination and that represents the economic value of assets that cannot be individually identified or separately recognised in a business combination. |
| C0020/R0020 | Deferred acquisition costs | Acquisition costs relating to contracts in force at the balance sheet date which are carried forward from one reporting period to subsequent reporting periods, relating to the unexpired periods of risks. In relation to life business, acquisition costs are deferred when it is probable that they will be recovered. |
| C0010–C0020/R0030 | Intangible assets | Intangible assets other than goodwill. An identifiable non–monetary asset without physical substance. |
| C0010–C0020/R0040 | Deferred tax assets | Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carry forward of unused tax losses; and/or (c) the carry forward of unused tax credits. |
| C0010–C0020/R0050 | Pension benefit surplus | This is the total of net surplus related to employees’ pension scheme. |
| C0010–C0020/R0060 | Property, plant & equipment held for own use | Tangible assets which are intended for permanent use and property held by the undertaking for own use. It also includes property for own use under construction. |
| C0010–C0020/R0070 | Investments (other than assets held for index–linked and unit–linked contracts) | This is the total amount of investments, excluding assets held for index–linked and unit–linked contracts. |
| C0010–C0020/R0080 | Property (other than for own use) | Amount of the property, other than for own use. It also includes property under construction other than for own use. |
| C0010–C0020/R0090 | Holdings in related undertakings, including participations | Participations as defined in Article 13(20) and 212 (2) and holdings in related undertakings in Article 212(1)(b) of Directive 2009/138/EC. When part of the assets regarding participation and related undertakings refer to unit and index linked contracts, these parts shall be reported in ‘Assets held for index–linked and unit–linked contracts’ in C0010–C0020/R0220. |
| C0010–C0020/R0100 | Equities | This is the total amount of equities, listed and unlisted. With regard to ‘statutory accounts values’ column (C0020), where the split between listed and unlisted is not available, this item shall reflect the sum. |
| C0010–C0020/R0110 | Equities – listed | Shares representing corporations’ capital, e.g. representing ownership in a corporation, negotiated on a regulated market or on a multilateral trading facility, as defined by Directive 2004/39/EC. It shall exclude holdings in related undertakings, including participations. With regard to ‘statutory accounts values’ column (C0020), where the split between listed and unlisted is not available, this item shall not be reported. |
| C0010–C0020/R0120 | Equities – unlisted | Shares representing corporations’ capital, e.g. representing ownership in a corporation, not negotiated on a regulated market or on a multilateral trading facility, as defined by Directive 2004/39/EC. It shall exclude holdings in related undertakings, including participations. With regard to ‘statutory accounts values’ column (C0020), where the split between listed and unlisted is not available, this item shall not be reported. |
| C0010–C0020/R0130 | Bonds | This is the total amount of government bonds, corporate bonds, structured notes and collateralised securities. With regard to ‘statutory accounts values’ column (C0020) – where the split of bonds is not available, this item shall reflect the sum. |
| C0010–C0020/R0140 | Government Bonds | Bonds issued by public authorities, whether by central governments, supra–national government institutions, regional governments or local authorities and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States’ central government and central banks, multilateral development banks referred to in paragraph 2 of Article 117 of Regulation (EU) No 575/2013 or international organisations referred to in Article 118 of Regulation (EU) No 575/2013, regional governments and local authorities listed in Article 1 of Implementing Regulation (EU) 2015/2011, where the guarantee meets the requirements set out in Article 215 of Delegated Regulation (EU) 2015/35. With regard to ‘statutory accounts values’ column (C0020), where the split between bonds, structured products and collateralised securities is not available, this item shall not be reported. |
| C0010–C0020/R0150 | Corporate Bonds | Bonds issued by corporations With regard to ‘statutory accounts values’ column (C0020), where– the split between bonds, structured products and collateralised securities is not available, this item shall not be reported. |
| C0010–C0020/R0160 | Structured notes | Hybrid securities, combining a fixed income (return in a form of fixed payments) instrument with a series of derivative components. Excluded from this category are fixed income securities that are issued by sovereign governments. Concerns securities that have embedded any categories of derivatives, including Credit Default Swaps (‘CDS’), Constant Maturity Swaps (‘CMS’), Credit Default Options (‘CDOp’). With regard to ‘statutory accounts values’ column (C0020), where– the split between bonds, structured products and collateralised securities is not available, this item shall not be reported. |
| C0010–C0020/R0170 | Collateralised securities | Securities whose value and payments are derived from a portfolio of underlying assets. Includes Asset Backed Securities (‘ABS’), Mortgage Backed securities (‘MBS’), Commercial Mortgage Backed securities (‘CMBS’), Collateralised Debt Obligations (‘CDO’), Collateralised Loan Obligations (‘CLO’), Collateralised Mortgage Obligations (‘CMO’) With regard to ‘statutory accounts values’ column (C0020), where the split between bonds, structured products and collateralised securities is not available, this item shall not be reported. |
| C0010–C0020/R0180 | Collective Investments Undertakings | Collective investment undertaking means an undertaking for collective investment in transferable securities (‘UCITS’) as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council or an alternative investment fund (AIF) as defined in Article 4(1)(a) of Directive 2011/61/EU of the European Parliament and of the Council. |
| C0010–C0020/R0190 | Derivatives | A financial instrument or other contract with all three of the following characteristics: (a) Its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange (‘FX’) rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’). (b) It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors. (c) It is settled at a future date. Solvency II value, only if positive, of the derivative as of the reporting date is reported here (in case of negative value, see R0790). |
| C0010–C0020/R0200 | Deposits other than cash equivalents | Deposits other than cash equivalents that cannot be used to make payments until before a specific maturity date and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty. |
| C0010–C0020/R0210 | Other investments | Other investments not covered already within investments reported above. |
| C0010–C0020/R0220 | Assets held for index–linked and unit–linked contracts | Assets held for index–linked and unit–linked contracts (classified in line of business 31 as defined in Annex I of Delegated Regulation (EU) 2015/35). |
| C0010–C0020/R0230 | Loans and mortgages | This is the total amount of loans and mortgages, i.e. financial assets created when undertakings lend funds, either with or without collateral, including cash pools. With regard to ‘statutory accounts values’ column (C0020) – where the split of the split of loans & mortgages is not available, this item shall reflect the sum |
| C0010–C0020/R0240 | Loans on policies | Loans made to policyholders, collateralised on policies (underlying technical provisions). With regard to ‘statutory accounts values’ column (C0020), where– the split between loans on policies, loans and mortgages to individuals and other loans and mortgages is not available, this item shall not be reported. |
| C0010–C0020/R0250 | Loans and mortgages to individuals | Financial assets created when creditors lend funds to debtors – individuals, with collateral or not, including cash pools. With regard to ‘statutory accounts values’ column (C0020), where– the split between loans on policies, loans and mortgages to individuals and other loans and mortgages is not available, this item shall not be reported. |
| C0010–C0020/R0260 | Other loans and mortgages | Financial assets created when creditors lend funds to debtors – others, not classifiable in item R0240 or R0250, with collateral or not, including cash pools. With regard to ‘statutory accounts values’ column (C0020), where– the split between loans on policies, loans and mortgages to individuals and other loans and mortgages is not available, this item shall not be reported. |
| C0010–C0020/R0270 | Reinsurance recoverables from: | This is the total amount of reinsurance recoverables. It corresponds to the amount of reinsurer share of technical provisions (including Finite reinsurance and SPV). For the ‘Solvency II value’ column (C0010) this cell in particular shall include all expected payments from reinsurers to the undertaking (or vice versa) corresponding to payments not yet made by the undertaking to policyholders (or by policyholders to the undertaking). All expected payments from reinsurers to the undertaking (or vice versa) corresponding to payments already made by the undertaking to policyholders (or by policyholders to the undertaking) shall be included in reinsurance receivables (or reinsurance payables). |
| C0010–C0020/R0280 | Non–life and health similar to non–life | Reinsurance recoverables in respect of technical provisions for non–life and health similar to non–life. With regard to ‘statutory accounts values’ column (C0020), where the split between non–life excluding health and health similar to non–life is not available this item shall reflect the sum. |
| C0010–C0020/R0290 | Non–life excluding health | Reinsurance recoverables in respect of technical provisions for non–life business, excluding technical provisions for health– similar to non –life |
| C0010–C0020/R0300 | Health similar to non–life | Reinsurance recoverables in respect of technical provisions for health similar to non – life. |
| C0010–C0020/R0310 | Life and health similar to life, excluding health and index–linked and unit–linked | Reinsurance recoverable in respect of technical provisions for life and health similar to life, excluding health and index–linked and unit–linked With regard to ‘statutory accounts values’ column (C0020), where the split between life excluding health and index–linked and unit–linked and health similar to life is not available, this item shall reflect the sum. |
| C0010–C0020/R0320 | Health similar to life | Reinsurance recoverables in respect of technical provisions for health–similar to life. |
| C0010–C0020/R0330 | Life excluding health and index–linked and unit–linked | Reinsurance recoverables in respect of technical provisions for life business, excluding technical provisions health–similar to life techniques and technical provisions for index–linked and unit–linked. |
| C0010–C0020/R0340 | Life index–linked and unit–linked | Reinsurance recoverables in respect of technical provisions for life index–linked and unit–linked business. |
| C0010–C0020/R0350 | Deposits to cedants | Deposits relating to reinsurance accepted. |
| C0010–C0020/R0360 | Insurance and intermediaries receivables | Amounts for payment by policyholders, insurers and other linked to insurance business that are not included in technical provisions. It shall include receivables from reinsurance accepted. |
| C0010–C0020/R0370 | Reinsurance receivables | For the ‘Solvency II value’ column (C0010) this cell shall include all expected payments (due and past-due) from reinsurers linked to reinsurance business to the undertaking that are not included in reinsurance recoverables. These should not be included in the item "any other assets not elsewhere shown". This cell in particular should take into account all expected payments from reinsurers to the undertaking corresponding to payments made by the undertaking to the policyholders. It also shall include all expected payments (due and past-due) from reinsurers in relation to other than insurance events or those that have been agreed between cedent and reinsurer and where the amount of the expected payment is certain. |
| C0010–C0020/R0380 | Receivables (trade, not insurance) | Includes amounts receivables from employees or various business partners (not insurance–related), including public entities. |
| C0010–C0020/R0390 | Own shares (held directly) | This is the total amount of own shares held directly by the undertaking. |
| C0010–C0020/R0400 | Amounts due in respect of own fund items or initial fund called up but not yet paid in | Value of the amount due in respect of own fund items or initial fund called up but not yet paid in. |
| C0010–C0020/R0410 | Cash and cash equivalents | Notes and coins in circulation that are commonly used to make payments, and deposits exchangeable for currency on demand at par and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction. Bank accounts shall not be netted off, thus only positive accounts shall be recognised in this item and bank overdrafts shall be shown within liabilities unless where both legal right of offset and demonstrable intention to settle net exist. |
| C0010–C0020/R0420 | Any other assets, not elsewhere shown | This is the amount of any other assets not elsewhere already included within balance Sheet items. |
| C0010–C0020/R0500 | Total assets | This is the overall total amount of all assets. |
| Liabilities | ||
| C0010–C0020/R0510 | Technical provisions – non–life | Sum of the technical provisions non–life. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of Minimum capital requirement (‘MCR’) calculation. With regard to ‘statutory accounts values’ column (C0020), where the split of technical provisions for non –life between non – life (excluding health) and health (similar to non – life) is not possible, this item shall reflect the sum. |
| C0010–C0020/R0520 | Technical provisions – non–life (excluding health) | This is the total amount of technical provisions for non – life business (excluding health). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0530 | Technical provisions – non–life (excluding health) – technical provisions calculated as a whole | This is the total amount of technical provisions calculated as whole (replicable/hedgeable portfolio) for non – life business (excluding health). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0540 | Technical provisions – non–life (excluding health) – Best estimate | This is the total amount of best estimate of technical provisions for non – life business (excluding health). Best estimate shall be reported gross of reinsurance. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0550 | Technical provisions – non–life (excluding health) – Risk margin | This is the total amount of risk margin of technical provisions for non – life business (excluding health). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010–C0020/R0560 | Technical provisions – health (similar to non–life) | This is the total amount of technical provisions for health (similar to non – life). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0570 | Technical provisions – health (similar to non–life) – technical provisions calculated as a whole | This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for health (similar to non–life). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0580 | Technical provisions – health(similar to non –life) – Best estimate | This is the total amount of best estimate of technical provisions for health business (similar to non–life). Best estimate shall be reported gross of reinsurance. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0590 | Technical provisions – health (similar to non – life) – Risk margin | This is the total amount of risk margin of technical provisions for health business (similar to non–life). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010–C0020/R0600 | Technical provisions – life (excluding index–linked and unit–linked) | Sum of the technical provisions life (excluding index–linked and unit–linked). This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. With regard to ‘statutory accounts values’ column (C0020), where the split of technical provisions life (excluding index – linked and unit – linked) between health (similar to life) and life (excluding health, index– linked and unit – linked) is not possible, this item shall reflect the sum. |
| C0010–C0020/R0610 | Technical provisions – health (similar to life) | This is the total amount of technical provisions for health (similar to life) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0620 | Technical provisions – health (similar to life) – technical provisions calculated as a whole | This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for health (similar to life) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0630 | Technical provisions – health (similar to life) – Best estimate | This is the total amount of best estimate of technical provisions for health (similar to life) business. Best estimate shall be reported gross of reinsurance. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0640 | Technical provisions – health (similar to life) – Risk margin | This is the total amount of risk margin of technical provisions for health (similar to life) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010–C0020/R0650 | Technical provisions – life (excl. health and index–linked and unit–linked) | This is the total amount of technical provisions for life (excluding health and index – linked and unit – linked) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0660 | Technical provisions – life (excl. health and index–linked and unit–linked) – technical provisions calculated as a whole | This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for life (excluding health and index – linked and unit – linked) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0670 | Technical provisions – life (excl. health and index–linked and unit–linked) – Best estimate | This is the total amount of best estimate of technical provisions for life (excluding health and index – linked and unit – linked) business. Best estimate shall be reported gross of reinsurance. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0680 | Technical provisions – life (excl. health and index–linked and unit–linked) – Risk margin | This is the total amount of risk margin of technical provisions for life (excluding health and index – linked and unit – linked) business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010–C0020/R0690 | Technical provisions – index–linked and unit–linked | This is the total amount of technical provisions for index – linked and unit – linked business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0700 | Technical provisions – index–linked and unit–linked – technical provisions calculated as a whole | This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for index – linked and unit – linked business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0710 | Technical provisions – index–linked and unit–linked – Best estimate | This is the total amount of best estimate of technical provisions for index – linked and unit – linked business. Best estimate shall be reported gross of reinsurance This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0010/R0720 | Technical provisions – index–linked and unit–linked – Risk margin | This is the total amount of risk margin of technical provisions for index – linked and unit – linked business. This amount shall include the apportionment from the transitional deduction to technical provisions in accordance with the contributory methodology used for the purposes of MCR calculation. |
| C0020/R0730 | Other technical provisions | Other technical provisions, as recognised by undertakings in their statutory accounts, in accordance with the local GAAP or IFRS. |
| C0010–C0020/R0740 | Contingent liabilities | A contingent liability is defined as: a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non–occurrence of one or more uncertain future events not wholly within the control of the entity; or b) a present obligation that arises from past events even if: (i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (ii) the amount of the obligation cannot be measured with sufficient reliability. The amount of contingent liabilities recognised in the balance sheet shall follow the criteria set in Article 11 of the Delegated Regulation (EU) 2015/35. |
| C0010–C0020/R0750 | Provisions other than technical provisions | Liabilities of uncertain timing or amount, excluding the ones reported under ‘Pension benefit obligations’. The provisions are recognised as liabilities (assuming that a reliable estimate can be made) when they represent obligations and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligations. |
| C0010–C0020/R0760 | Pension benefit obligations | This is the total net obligations related to employees’ pension scheme. |
| C0010–C0020/R0770 | Deposits from reinsurers | Amounts (e.g. cash) received from reinsurer or deducted by the reinsurer according to the reinsurance contract. |
| C0010–C0020/R0780 | Deferred tax liabilities | Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences. |
| C0010–C0020/R0790 | Derivatives | A financial instrument or other contract with all three of the following characteristics: (a) Its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’). (b) It requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors. (c) It is settled at a future date. Only derivative liabilities shall be reported on this row (i.e. derivatives with negative values as of the reporting date.) Derivatives assets shall be reported under C0010–C0020/R0190. Undertakings which do not value derivatives in their Local GAAP do not need to provide a financial statements value. |
| C0010–C0020/R0800 | Debts owed to credit institutions | Debts, such as mortgage and loans, owed to credit institutions, excluding bonds held by credit institutions (it is not possible for the undertaking to identify all the holders of the bonds that it issues) and subordinated liabilities. It This shall also include bank overdrafts. |
| C0010–C0020/R0810 | Financial liabilities other than debts owed to credit institutions | Financial liabilities including bonds issued by undertaking (held by credit institutions or not), structured notes issued by the undertaking itself and mortgage and loans due to other entities than credit institutions. Subordinated liabilities shall not be included here. |
| C0010–C0020/R0820 | Insurance and intermediaries payables | Amounts payable to policyholders, insurers and other business linked to insurance that are not included in technical provisions. Includes amounts payable to (re)insurance intermediaries (e.g. commissions due to intermediaries but not yet paid by the undertaking). Excludes loans & mortgages due to other insurance companies, if they only relate to financing and are not linked to insurance business (such loans and mortgages shall be reported as financial liabilities). It shall include payables from reinsurance accepted. |
| C0010–C0020/R0830 | Reinsurance payables | Amounts payable to reinsurers (in particular current accounts) other than deposits linked to reinsurance business that are not included in reinsurance recoverables, including payables from the undertaking to reinsurers in relation to other than insurance events. Includes payables to reinsurers that relate to ceded premiums. For the ‘Solvency II value’ column (C0010) this cell shall include all expected payments (due and past-due) from the undertaking to reinsurers that are not included in reinsurance recoverables. These should not be included in the item "any other liabilities not elsewhere shown". This cell in particular should take into account all expected payments from the undertaking to reinsurers corresponding to payments made by the policyholders to the undertaking. It also shall include all expected payments (due and past-due) to reinsurers in relation to other than insurance events or those that have been agreed between cedent and reinsurer and where the amount of the expected payment is certain. |
| C0010–C0020/R0840 | Payables (trade, not insurance) | This is the total amount trade payables, including amounts due to employees, suppliers, etc. and not insurance–related, parallel to receivables (trade, not insurance) on asset side; includes public entities. |
| C0010–C0020/R0850 | Subordinated liabilities | Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. This is the total of subordinated liabilities classified as Basic Own Funds and those that are not included in Basic Own Funds. With regard to ‘statutory accounts values’ column (C0020), where the split between subordinated liabilities not in basic own funds and subordinated liabilities in basic own funds is not available, this item shall reflect the sum. |
| C0010–C0020/R0860 | Subordinated liabilities not in Basic Own Funds | Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. Other debts may be even more deeply subordinated. Only subordinated liabilities that are not classified in Basic Own Funds shall be presented here. With regard to ‘statutory accounts values’ column (C0020), where the split between subordinated liabilities not in basic own funds and subordinated liabilities in basic own funds is not available, this item shall not be reported. |
| C0010–C0020/R0870 | Subordinated liabilities in Basic Own Funds | Subordinated liabilities classified in Basic Own Funds. With regard to ‘statutory accounts values’ column (C0020), where– the split between subordinated liabilities not in basic own funds and subordinated liabilities in basic own funds is not available, this item shall not be reported. |
| C0010–C0020/R0880 | Any other liabilities, not elsewhere shown | This is the total of any other liabilities, not elsewhere already included in other Balance Sheet items. |
| C0010–C0020/R0900 | Total liabilities | This is the overall total amount of all liabilities |
| C0010/R1000 | Excess of assets over liabilities | This is the total of undertaking’s excess of assets over liabilities, valued in accordance with Solvency II valuation basis. Value of the assets minus liabilities. |
| C0020/R1000 | Excess of assets over liabilities (statutory accounts value) | This is the total of excess of assets over liabilities of statutory accounts value column. |
S.02.02 – Liabilities by currency
General comment:
This section relates to annual submission of information for individual entities.
This template is to be filled in accordance with the Balance sheet (S.02.01). Valuation principles are laid down in Directive 2009/138/EC, Delegated Regulation (EU) 2015/35, Solvency II Technical Standards and Guidelines.
This template is not required to be submitted if one single currency represents more than 80 % of liabilities. In case the value of technical provisions, as reported in R0030 and R0120 in S.12.01 and R0060 and R0160 in S.17.01, is negative, for the purposes of the calculation of the threshold above the absolute value of those notional amounts should be considered without netting of technical provisions between different LoBs.
If submitted, information on the reporting currency shall always be reported regardless of the amount of liabilities. Information reported by currency shall at least represent 80 % of the total liabilities. The remaining 20 % may be aggregated. If a specific currency has to be reported to comply with the 80 % threshold then that currency shall be reported for all liabilities.
Captives are exempted from reporting this template.
| ITEM | INSTRUCTIONS | |
| R0010 | Material currency | Identify the ISO 4217 alphabetic code of each currency to be reported. |
| C0020/R0110 | Total value of all currencies – Technical provisions (excluding index–linked and unit–linked contracts) | Report the total value of the technical provisions (excl. index–linked and unit–linked contracts) for all currencies. |
| C0030/R0110 | Value of the reporting currency – Technical provisions (excluding index–linked and unit–linked contracts) | Report the value of the technical provisions (excl. index–linked and unit–linked contracts) for the reporting currency |
| C0040/R0110 | Value of remaining other currencies – Technical provisions (excluding index–linked and unit–linked contracts) | Report the total value of the technical provisions (excl. index–linked and unit–linked contracts) for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0110) and in the currencies reported by currency (C0050/R0110). |
| C0050/R0110 | Value of material currencies – Technical provisions (excluding index–linked and unit–linked contracts) | Report the value of the Technical provisions (excl. index–linked and unit–linked contracts) for each of the currencies required to be reported separately. |
| C0020/R0120 | Total value of all currencies – Technical provisions – index–linked and unit–linked contracts | Report the total value of the technical provisions – index–linked and unit–linked contracts for all currencies. |
| C0030/R0120 | Value of the reporting currency – Technical provisions – index–linked and unit–linked contracts | Report the value of the technical provisions – index–linked and unit–linked contracts for the reporting currency. |
| C0040/R0120 | Value of remaining other currencies – Technical provisions – index–linked and unit–linked contracts | Report the value of the technical provisions – index–linked and unit–linked contracts for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0120) and in the currencies reported by currency (C0050/R0120). |
| C0050/R0120 | Value of material currencies – Technical provisions – index–linked and unit–linked contracts | Report the value of the technical provisions – index–linked and unit–linked contracts for each of the currencies required to be reported separately. |
| C0020/R0130 | Total value of all currencies – Deposits from reinsurers and insurance, intermediaries and reinsurance payables | Report the total value of the deposits from reinsurers, insurance and intermediaries payables and reinsurance payables for all currencies. |
| C0030/R0130 | Value of the reporting currency – Deposits from reinsurers and insurance, intermediaries and reinsurance payables | Report the value of the deposits from reinsurers, insurance and intermediaries payables and reinsurance payables for the reporting currency. |
| C0040/R0130 | Value of remaining other currencies – Deposits from reinsurers and insurance, intermediaries and reinsurance payables | Report the value of the deposits from reinsurers, insurance and intermediaries payables and reinsurance payables for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0130) and in the currencies reported by currency (C0050/R0130). |
| C0050/R0130 | Value of material currencies – Deposits from reinsurers and insurance, intermediaries and reinsurance payables | Report the value of the deposits from reinsurers, insurance and intermediaries payables and reinsurance payables for each of the currencies required to be reported separately. |
| C0020/R0140 | Total value of all currencies – Derivatives | Report the total value of the derivatives for all currencies. |
| C0030/R0140 | Value of the reporting currency – Derivatives | Report the value of the derivatives for the reporting currency. |
| C0040/R0140 | Value of remaining other currencies – Derivatives | Report the total value of the derivatives for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0140) and in the currencies reported by currency (C0050/R0140). |
| C0050/R0140 | Value of material currencies – Derivatives | Report the value of the derivatives for each of the currency required to be reported separately. |
| C0020/R0150 | Total value of all currencies – Financial liabilities | Report the total value of the financial liabilities for all currencies. |
| C0030/R0150 | Value of the reporting currency – Financial liabilities | Report the value of the financial liabilities for the reporting currency. |
| C0040/R0150 | Value of remaining other currencies – Financial liabilities | Report the total value of the financial liabilities for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0150) and in the currencies reported by currency (C0050/R0150). |
| C0050/R0150 | Value of material currencies – Financial liabilities | Report the value of the financial liabilities for each of the currencies required to be reported separately. |
| C0020/R0160 | Total value of all currencies – Contingent liabilities | Report the total value of the contingent liabilities for all currencies. |
| C0030/R0160 | Value of the reporting currency – Contingent liabilities | Report the value of the contingent liabilities for the reporting currency. |
| C0040/R0160 | Value of remaining other currencies – Contingent liabilities | Report the total value of the contingent liabilities for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0160) and in the currencies reported by currency (C0050/R0160). |
| C0050/R0160 | Value of material currencies – Contingent liabilities | Report the value of the contingent liabilities for each of the currencies required to be reported separately |
| C0020/R0170 | Total value of all currencies – Any other liabilities | Report the total value of any other liabilities for all currencies. |
| C0030/R0170 | Value of the reporting currency – Any other liabilities | Report the value of any other liabilities for the reporting currency. |
| C0040/R0170 | Value of remaining other currencies – Any other liabilities | Report the total value of any other liabilities for remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0170) and in the currencies reported by currency (C0050/R0170). |
| C0050/R0170 | Value of material currencies – Any other liabilities | Report the value of any other liabilities for each of the currencies required to be reported separately. |
| C0020/R0200 | Total value of all currencies – Total liabilities | Report the total value of the total liabilities for all currencies. |
| C0030/R0200 | Value of the reporting currency – Total liabilities | Report the value of total liabilities for the reporting currency. |
| C0040/R0200 | Value of remaining other currencies – Total liabilities | Report the total value of total liabilities for the remaining currencies that are not reported by currency. This means that this cell excludes the amount reported in the reporting currency (C0030/R0200) and in the currencies reported by currency (C0050/R0200). |
| C0050/R0200 | Value of material currencies – Total liabilities | Report the value of total liabilities for each of the currency required to be reported separately. |
S.03.01 – Off–balance sheet items – General
General comments:
This section relates to annual submission of information for individual entities.
This section includes the information referring to off–balance sheet items and the maximum and solvency II value of contingent liabilities in Solvency II balance sheet.
A pool of assets that secure an investment (e.g. the pool of assets that are a collateral for covered bonds) should not be reported in this template.
As regards the Solvency II value, the instructions define the items from a recognition perspective. Valuation principles are laid down in Directive 2009/138/EC, Delegated Regulation (EU) 2015/35, Technical Standards issued under Directive 2009/138/EC and EIOPA Guidelines.
Guarantees require the issuer to make specified payments to reimburse the holder for a loss it incurs if a specified debtor fails to make payment when due under the original or modified terms of a debt instrument. These guarantees can have various legal forms, such as financial guarantees, letters of credit, credit default contracts. These items shall not include guarantees stemming from insurance contracts, which are recognised in technical provisions.
A contingent liability is defined as:
- a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non–occurrence of one or more uncertain future events not wholly within the control of the entity; or
- b) a present obligation that arises from past events even if:
- i. it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or
- ii. the amount of the obligation cannot be measured with sufficient reliability.
Collateral is an asset with a monetary value or a commitment that secure the lender against the defaults of the borrower. The value of the collateral should be reported as the economic value of the collateral at per reference date (Solvency II value of the assets), not as the risk-adjusted value of a collateral according to Article 197 of the Delegated Regulation.
Only limited guarantees are to be reported in this template excluding information about any provided or received unlimited guarantee.
This template shall be submitted when any of the following conditions apply:
- a) the amount of any of the following sums is higher than 2 % of Total Assets:
- i. (C0020/R0010) Value of guarantee/collateral/contingent liabilities – Guarantees provided by the undertaking, including letters of credit + (C0020/R0300) Value of guarantee/collateral/contingent liabilities – Total collateral pledged + (C0010/R0400) Maximum value – Total Contingent liabilities;
- ii. (C0020/R0030) Value of guarantee/collateral/contingent liabilities – Guarantees received by the undertaking, including letters of credit + (C0020/R0200) Value of guarantee/collateral/contingent liabilities – Total collateral held; or
- b) the undertaking has provided or received unlimited guarantee.
| ITEM | INSTRUCTIONS | |
| C0010/R0010 | Maximum value – Guarantees provided by the undertaking, including letters of credit | Sum of all possible cash out–flows related to guarantees if events triggering guarantees were all to happen in relation to guarantees provided by the undertaking to another party. It includes cash–flows related to letter of credit. In case any guarantee is also identified as contingent liability under R0310, the maximum amount shall also be included in this row. |
| C0010/R0020 | Maximum value – Guarantees provided by the undertaking, including letters of credit, of which, guarantees, including letters of credit provided to other undertakings of the same group | Part of C0010/R0010 related to guarantees, including letters of credit, provided to other undertakings of the same group. |
| C0020/R0010 | Value of guarantee/collateral/contingent liabilities – Guarantees provided by the undertaking, including letters of credit | Solvency II value of the guarantees provided by the undertaking, including letters of credit |
| C0020/R0020 | Value of guarantee/collateral/contingent liabilities – Guarantees provided by the undertaking, including letters of credit, of which, guarantees, including letters of credit provided to other undertakings of the same group | Part of C0020/R0010 related guarantees, including letters of credit provided to other undertakings of the same group. |
| C0010/R0030 | Maximum value – Guarantees received by the undertaking, including letters of credit | Sum of all possible cash in–flows related to guarantees if events triggering guarantees were all to happen in relation to guarantees received by the undertaking from another party to guarantee the payment of the liabilities due by the undertaking (includes letter of credit, undrawn committed borrowing facilities). |
| C0010/R0040 | Maximum value – Guarantees received by the undertaking, including letters of credit, of which, guarantees, including letters of credit received from other undertakings of the same group | Part of C0010/R0030 related to guarantees, including letters of credit received from other undertakings of the same group. |
| C0020/R0030 | Value of guarantee/collateral/contingent liabilities – Guarantees received by the undertaking, including letters of credit | Solvency II value of the guarantees received by the undertaking, including letters of credit. |
| C0020/R0040 | Value of guarantee/collateral/contingent liabilities – Guarantees received by the undertaking, including letters of credit, of which, guarantees, including letters of credit received from other undertakings of the same group | Part of C0020/R0030 related to guarantees, including letters of credit received from other undertakings of the same group. |
| C0020/R0100 | Value of guarantee/collateral/contingent liabilities –Collateral held for loans made or bonds purchased | Solvency II value of the collaterals held for loans made or bonds purchased. |
| C0020/R0110 | Value of guarantee/collateral/contingent liabilities –Collateral held for derivatives | Solvency II value of the collaterals held for derivatives. |
| C0020/R0120 | Value of guarantee/collateral/contingent liabilities – Assets pledged by reinsurers for ceded technical provisions | Solvency II value of the assets pledged by reinsurers for ceded technical provisions. |
| C0020/R0130 | Value of guarantee/collateral/contingent liabilities – Other collateral held | Solvency II value of other collaterals held. |
| C0020/R0200 | Value of guarantee/collateral/contingent liabilities –Total collateral held | Total Solvency II value of the collaterals held. |
| C0030/R0100 | Value of assets for which collateral is held – Collateral held for loans made or bonds purchased | Solvency II value of the assets for which the collateral for loans made or bonds purchased is held. |
| C0030/R0110 | Value of assets for which collateral is held – Collateral held for derivatives | Solvency II value of the assets for which the collateral for derivatives is held. |
| C0030/R0120 | Value of assets for which collateral is held – Assets pledged by reinsurers for ceded technical provisions | Solvency II value of the assets for which the collateral on assets pledged by reinsurers for ceded technical provisions is held. |
| C0030/R0130 | Value of assets for which collateral is held – Other collateral held | Solvency II value of the assets for which the other collateral is held. |
| C0030/R0200 | Value of assets for which collateral is held – Total collateral held | Total Solvency II value of the assets for which the total collateral is held. |
| C0020/R0210 | Value of guarantee/collateral/contingent liabilities – Collateral pledged for loans received or bonds issued | Solvency II value of the collaterals pledged for loans received or bonds issued. |
| C0020/R0220 | Value of guarantee/collateral/contingent liabilities – Collateral pledged for derivatives | Solvency II value of the collaterals pledged for derivatives. |
| C0020/R0230 | Value of guarantee/collateral/contingent liabilities – Assets pledged to cedants for technical provisions (reinsurance accepted) | Solvency II value of the assets pledged to cedants for technical provisions (reinsurance accepted). |
| C0020/R0240 | Value of guarantee/collateral/contingent liabilities – Other collateral pledged | Solvency II value of the collateral pledged for other collateral. |
| C0020/R0300 | Value of guarantee/collateral/contingent liabilities – Total collateral pledged | Total Solvency II value of the collateral pledged. |
| C0040/R0210 | Value of liabilities for which collateral is pledged – Collateral pledged for loans received or bonds issued | Solvency II value of the liabilities for which the collateral for loans received or bonds issued is pledged. |
| C0040/R0220 | Value of liabilities for which collateral is pledged – Collateral pledged for derivatives | Solvency II value of the liabilities for which the collateral for derivatives is pledged. |
| C0040/R0230 | Value of liabilities for which collateral is pledged – Assets pledged to cedants for technical provisions (reinsurance accepted) | Solvency II value of the liabilities for which the assets are pledged to cedants for technical provisions (reinsurance accepted). |
| C0040/R0240 | Value of liabilities for which collateral is pledged – Other collateral pledged | Solvency II value of the liabilities for which other collateral is pledged. |
| C0040/R0300 | Value of liabilities for which collateral is pledged – Total collateral pledged | Total Solvency II value of the liabilities for which the collateral is pledged. |
| C0010/R0310 | Maximum value – Contingent liabilities not in Solvency II Balance Sheet | Maximum possible value, regardless of their probability (i.e. future cash out–flows required to settle the contingent liability over the lifetime of that contingent liability, discounted at the relevant risk–free interest rate term structure) of contingent liabilities that are not included in those valued in Solvency II Balance Sheet (item C0010/R0740 of S.02.01). This shall relate to contingent liabilities that are not material. This amount shall include guarantees reported in R0010 if considered as contingent liabilities. |
| C0010/R0320 | Maximum value – Contingent liabilities not in Solvency II Balance Sheet, of which contingent liabilities toward entities of the same group | Part of C0010/R0310 related to contingent liabilities toward entities of the same group. |
| C0010/R0330 | Maximum value – Contingent liabilities in Solvency II Balance Sheet | Maximum possible value, regardless of their probability (i.e. future cash out– flows required to settle the contingent liability over the lifetime of that contingent liability, discounted at the relevant risk–free interest rate term structure) of contingent liabilities that are valued in Solvency II Balance Sheet as defined in Article 11 of Delegated Regulation (EU) 2015/35. |
| C0010/R0400 | Maximum value – Total Contingent liabilities | Total maximum possible value regardless of their probability (i.e. future cash flows required to settle the contingent liability over the lifetime of that contingent liability, discounted at the relevant risk–free interest rate term structure) of contingent liabilities. |
| C0020/R0310 | Value of guarantee/collateral/contingent liabilities – Contingent liabilities not in Solvency II Balance Sheet | Solvency II value of the contingent liabilities not in Solvency II Balance Sheet. |
| C0020/R0330 | Value of guarantee/collateral/contingent liabilities – Contingent liabilities in Solvency II Balance Sheet | Solvency II value of the contingent liabilities in Solvency II Balance Sheet. This value shall only be reported in relation to contingent liabilities for which a value in item C0010/R0330 in S.03.01 was reported. If this value is lower than C0010/R0740 in S.02.01 an explanation shall be provided in the narrative reporting. |
| C0050/R0510 | Unlimited guarantees – received | Indication if the undertaking has received any unlimited guarantees. One of the options in the following closed list shall be used: 0 – no unlimited guarantees received; 1 – Unlimited guarantees received only from entities of the same group; 2 – Unlimited guarantees received only from entities not belonging to the same group; 3 – Unlimited guarantees received from entities of the same group and from entities not belonging to the same group. |
| C0050/R0520 | Unlimited guarantees – provided | Indication if the undertaking has provided any unlimited guarantees. One of the options in the following closed list shall be used: 0 – no unlimited guarantees provided; 1 – Unlimited guarantees provided only to entities of the same group; 2 – Unlimited guarantees provided only to entities not belonging to same group; 3 – Unlimited guarantees provided to entities of the same group and to entities not belonging to same group. |
S.04.02 – Information on class 10 in Part A of Annex I of Solvency II Directive, excluding carrier’s liability
General comments:
This section relates to annual submission of information for individual entities.
This template is to be reported according to Article 159 of Directive 2009/138/EC and addresses only direct business.
Information shall be reported in relation to freedom to provide services performed by the undertaking and by EEA country, identifying separately the business performed by branch and through freedom to provide services.
| ITEM | INSTRUCTIONS | |
| R0010 … | EEA country | ISO 3166–1 alpha–2 code of the EEA country where the branch is located |
| C0010/R0020 | Undertaking – FPS – Frequency of claims for Motor Vehicle Liability (except carrier’s liability) | Number of claims, in relation to the business performed by the undertaking through freedom to provide services, incurred with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), over the average insured vehicles in the reporting period. The average insured vehicles correspond to the mean between the number of insured vehicles at the end of the reporting year and the number of insured vehicles at the end of the year before the reporting year. Claims without any incurred amounts shall not be taken into account. |
| C0010/R0030 | Undertaking – FPS – Average cost of claims for Motor Vehicle Liability (except carrier’s liability) | Average of claims incurred, in relation to the business performed by the undertaking through freedom to provide services, with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), measured as amount of claims incurred divided by the number of claims incurred. Claims without any incurred amounts shall not be taken into account. |
| C0020/R0020 | Branch – Frequency of claims for Motor Vehicle Liability (except carrier’s liability) | Number of claims, for each branch in relation to the business performed in the country where the branch is established, incurred with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), over the average insured vehicles in the reporting period. The average insured vehicles correspond to the mean between the number of insured vehicles at the end of the reporting year and the number of insured vehicles at the end of the year before the reporting year. Claims without any incurred amounts shall not be taken into account. |
| C0030/R0020 | FPS – Frequency of claims for Motor Vehicle Liability (except carrier’s liability) | Number of claims, for each branch in relation to the business performed through freedom to provide services, incurred with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), over the average insured vehicles in the reporting period. The average insured vehicles correspond to the mean between the number of insured vehicles at the end of the reporting year and the number of insured vehicles at the end of the year before the reporting year. Claims without any incurred amounts shall not be taken into account. |
| C0020/R0030 … | Branch – Average cost of claims for Motor Vehicle Liability (except carrier’s liability) | Average of claims incurred, for each branch in relation to the business performed in the country where the branch is established, with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), measured as amount of claims incurred divided by the number of claims incurred. Claims without any incurred amounts shall not be taken into account. |
| C0030/R0030 … | FPS – Average cost of claims for Motor Vehicle Liability (except carrier’s liability) | Average of claims incurred, for each branch in relation to the business performed through freedom to provide services, with regard to class 10 in Part A of Annex I of Directive 2009/138/EC (except carrier’s liability), measured as amount of claims incurred divided by the number of claims incurred. Claims without any incurred amounts shall not be taken into account. |
S.04.03 – Basic Information – List of underwriting entities
General comments
This section relates to annual submission of information for individual insurance and reinsurance undertakings only.
The reporting instructions for template S.04.03 should be read in conjunction with the reporting instructions for S.04.04 and S.04.05. Across these three templates, entities shall report all business from two distinct perspectives: location of underwriting and location of risk.
The information in these templates shall include:
- — all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements; and
- — direct business and accepted reinsurance business.
This template shall be reported from an accounting perspective (i.e. Local GAAP, or IFRS if accepted as local GAAP); however, it shall be fulfilled using the lines of business as defined in Annex I to Delegated Regulation (EU) 2015/35. Undertakings shall use the recognition and valuation basis as for the published financial statements (i.e. no new recognition or re–valuation is required) except for the classification between investment contracts and insurance contracts when this is applicable in the financial statements.
The information in these templates shall be presented gross, without deduction of reinsurance ceded.
For the purposes of this template ‘country of establishment’ means:
- a) The country where the insurance undertaking is authorised (home country) when the contract was not sold through a branch; and
- b) The country where the branch is located (host country) when the contract was sold through a branch.
For the purposes of this template, an intermediary is not considered to be a separate underwriting entity. If an intermediary is used, or in any other situation, the country of establishment is either a) or b) depending on who sold the contract.
| ITEM | INSTRUCTIONS | |
| List of underwriting entities | List of underwriting entities | List of underwriting entities |
| C0010 | Underwriting entity code | The identification code of the underwriting entity shall be the LEI for the head office. Where a non-EEA branch has a LEI distinct from that of the head office, this LEI shall be used as the underwriting entity number. For EEA branches and non-EEA branches which do not have a distinct LEI, a specific code shall be attributed by the undertaking. Such code shall be unique for the specific underwriting entity and shall not overlap with any other code attributed by the undertaking or LEI code. |
| C0011 | Type of underwriting entity code | Identification of the code used in item ‘Underwriting entity code’: 1 – LEI 2 – Specific code |
| C0020 | Type of entity | Identification of the type of entity. The following closed list shall be used: 1 – Head office 2 – Branch |
| C0030 | Type of branch localisation | Identification of the type of branch. The following closed list shall be used: 1 – EEA branch 2 – Non-EEA branch Where the ‘type of entity’ has been identified as head office in C0020, this field shall be left blank. |
| C0040 | Country of establishment | Identify the ISO 3166–1 alpha–2 code of the country of establishment of each branch. This field is not applicable (in this template) where ‘head office’ is selected in C0020, as in this case the country code is defined as the ‘Country of authorisation’ reported in template S.01.02 |
S.04.04 – Activity by country – location of underwriting
General comments
This section relates to annual submission of information for individual insurance and reinsurance undertakings only.
The reporting instructions for template S.04.04 should be read in conjunction with the reporting instructions for S.04.03 and S.04.05. Across these three templates, entities shall report all business from two distinct perspectives: location of underwriting and location of risk. Template S.04.04 focuses on the location of underwriting.
The information shall be reported distinguishing between the business underwritten in the country in which each of the underwriting entities (as listed in template S.04.03) are established and business underwritten in each of the other countries belonging to the EEA under freedom to provide services (FPS) by each of the underwriting entities.
Any business underwritten by an underwriting entity which is not underwritten under freedom to provide services shall be classified as business underwritten in the country in which the underwriting entity is established.
The summation of any row in C0030 across all considered countries shall total to the value provided in C0020 for that same row.
Insurance and reinsurance undertakings shall report written/earned premiums as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless whether local GAAP or IFRS is used.
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