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 | |
| C0011/R0010–R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Insurance with profit participation. |
| C0015/R0010-R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Insurance with profit participation. |
| C0020/R0010–R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation(gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, for line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Insurance with profit participation. Cash out–flows from non–life insurance contracts that will change to Annuities but not yet formally settled as Annuities, and dealt with within the same company shall also be included. |
| C0030/R0010–R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash–flows that result from those premiums, for line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Insurance with profit participation. |
| C0040/R0010–R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, for line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Insurance with profit participation. |
| C0045/R0010-R0330 | Future cash–flows used in the Best estimate, Insurance with profit participation (gross), Cash flows – Total recoverable from reinsurance (after the adjustment) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0051/R0010–R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Index linked and unit–linked insurance. |
| C0055/R0010-R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Index linked and unit–linked insurance. |
| C0060/R0010–R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Index linked and unit–linked insurance. Cash out–flows from non–life insurance contracts that will change to Annuities but not yet formally settled as Annuities, and dealt with within the same company shall also be included. |
| C0070/R0010–R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash–flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Index linked and unit–linked insurance. |
| C0080/R0010–R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Index linked and unit–linked insurance. |
| C0085/R0010-R0330 | Future cash–flows used in the Best estimate, Index linked and unit–linked insurance (gross), Cash flows – Total recoverable from reinsurance (after the adjustments) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0091/R0010–R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Other life insurance. |
| C0095/R0010-R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Other life insurance (gross). |
| C0100/R0010–R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Other life insurance. Cash out–flows from non–life insurance contracts that will change to Annuities but not yet formally settled as Annuities, and dealt with within the same company shall also be included. |
| C0110/R0010–R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash–flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Other life insurance. |
| C0120/R0010–R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Other life insurance. |
| C0125/R0010–R0330 | Future cash–flows used in the Best estimate, Other life insurance (gross), Cash flows – Total recoverable from reinsurance (after adjustment) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0131/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Annuities stemming from non–life contracts relating to insurance obligations, including health insurance obligations. Cash out–flows from non–life insurance contracts that will change to Annuities but are not yet formally settled as Annuities and shall not be included. |
| C0135/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, annuities stemming from non-life contracts (gross). |
| C0140/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Annuities stemming from non–life contracts relating to insurance obligations, including health insurance obligations. Cash out–flows from non–life insurance contracts that are not yet settled as Annuities and will change to Annuities and dealt with within the same company shall not be included. |
| C0150/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash–flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Annuities stemming from non–life contracts relating to insurance obligations, including health insurance obligations. |
| C0160/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Annuities stemming from non–life contracts relating to insurance obligations, including health insurance obligations. |
| C0165/R0010–R0330 | Future cash–flows used in the Best estimate, Annuities stemming from non–life contracts (gross), Cash flows – Total recoverables from reinsurance (after the adjustment) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0171/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Accepted reinsurance. |
| C0175/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Accepted reinsurance. |
| C0180/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Accepted reinsurance. Cash out–flows from non–life insurance contracts that will change to Annuities but not yet formally settled as Annuities, and dealt with within the same company shall also be included. |
| C0190/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Accepted reinsurance. |
| C0200/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Accepted reinsurance. |
| C0205/R0010–R0330 | Future cash–flows used in the Best estimate, Accepted reinsurance (gross), Cash flows – Total recoverable from reinsurance (after the adjustment) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0211/R0010–R0330 | Future cash–flows used in the Best estimate, Health insurance (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health insurance. |
| C0215/R0010–R0330 | Future cash–flows used in the Best estimate, Health insurance (gross), Cash out–flows —Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health insurance (gross). |
| C0220/R0010–R0330 | Future cash–flows used in the Best estimate, Health insurance (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health insurance. |
| C0230/R0010–R0330 | Future cash–flows used in the Best estimate, Health insurance (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35,line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health insurance. |
| C0240/R0010–R0330 | Future cash–flows used in the Best estimate, Health insurance (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health insurance. |
| C0245/R0010–R0330 | Future cash–flows used in the Best estimate, Health Insurance (gross), Cash flows – Total recoverable from reinsurance (after the adjustment) | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0251/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash out–flows – Future guaranteed benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future guaranteed benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health reinsurance. |
| C0255/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash out–flows – Future discretionary benefits | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones stemming from Future discretionary benefits regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health reinsurance. |
| C0260/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash out–flows – Future expenses and other cash out–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash–flows are the ones related to expenses that will be incurred in servicing insurance and reinsurance obligations, and other cash–flow items such as taxation payments which are, or expected to be, charged to policyholders or are required to settle the insurance obligations, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health reinsurance. Cash out–flows from non–life insurance contracts that will change to Annuities but not yet formally settled as Annuities, and dealt within the same company shall also be included. |
| C0270/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash in–flows – Future premiums | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones stemming from future premiums and any additional cash flows that result from those premiums, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health reinsurance. |
| C0280/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash in–flows – Other cash in–flows | Amount of undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The cash– flows are the ones not included in Future premiums and not including investment returns, regarding line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, Health reinsurance. |
| C0285/R0010–R0330 | Future cash–flows used in the Best estimate, Health reinsurance (gross), Cash flows – Total recoverable from reinsurance (after the adjustment) | Amount of Health SLT insurance obligations undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
| C0290/R0010-R0330 | Future cash–flows used in the Best estimate – Total recoverable from reinsurance (after the adjustment) | Amount of Life and Health SLT undiscounted cash–flows expected for each year from year 1 to year 30, aggregated for the interval of years 31 to 40, aggregated for the interval of years 41 to 50 and aggregated for all the years after year 50. The future cash–flows undiscounted from amounts recoverables from reinsurance and SPVs/Finite Re, including ceded intra group reinsurance, including future reinsurance premiums. Amount shall be reported net of adjustment for counterparty default risk. |
S.14.01 – Life obligations analysis
General comments:
This section relates to annual submission of information for individual entities.
This template includes information about life insurance contracts only to direct business and also includes life obligation from non-life contracts such as annuities stemming from non–life contracts (which are also analysed in S.16.01). No information shall be provided for accepted reinsurance business. All insurance contracts shall be reported even if classified as investments contract on accounting basis. In case of products unbundled, the different parts of the product shall be reported in different rows, using different ID codes.
All information shall be reported by product including the table on portfolio product. Reporting by fund number shall not mandatory, unless otherwise required by the national supervisory authority. Reporting of specific items related to the fund number can be defined by national supervisory authority.
| ITEM | INSTRUCTIONS | |
| Portfolio | ||
| C0010 | Product ID code | Internal product ID code used by the undertaking for the product. If a code is already in use or is attributed by the competent authority for supervisory purposes that code shall be used. The ID code shall be consistent over time. In the cases where the same product needs to be reported in more than one row the content of C0010 (and C0090) shall follow the specific pattern: {}{ID code of product}}/ + /{}{number of version}}. For example ‘AB222/ + /3’. |
| C0030 | Line of Business | Line of business as defined in Annex 1 of Delegated Regulation (EU) 2015/35.The following closed list shall be used: 29 – Health insurance 30 – Insurance with profit participation 31 – Index–linked and unit–linked insurance 32 – Other life insurance 33 – Annuities stemming from non–life insurance contracts and relating to health insurance obligations 34 – Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations 35 – Health reinsurance 36 – Life reinsurance |
| C0040 | Number of contracts at the end of the year | Number of contracts attached to each reported product. Contracts with more than one policyholder count as only one contract. In case of inactive policyholder (no premium paid) the contract shall be reported anyway unless the contract is cancelled. As no premiums are paid in this case, these inactive policyholders are included with premiums equal to zero. For annuities stemming from non–life use the number of annuities obligations. For products which are unbundled in more than one row, please report the number of contracts in all rows reported. |
| C0041 | Number of contracts at the end of year – of which contracts with surrender option | Number of contracts at the end of the year which include a surrender option for the policyholder. Contracts where policyholders do not have the right to surrender their policy, but can still transfer their policy to another insurer should be captured in this cell. Not applicable for annuities stemming from non-life contracts. |
| C0050 | Number of new contracts during year | Number of new contracts issued during reporting year (this is for all new contracts). Otherwise use the same instructions as for cell C0040. For annuities stemming from non–life use the number of annuities obligations. Contracts are considered as new contracts, when they are recognized in the valuation of technical provisions at any time during the year in accordance with Article 17 of the Delegated Regulation. New contracts therefore include renewals which were not included in the contract boundaries before as well as new business sales. |
| C0051 | Number of contracts surrendered during year | Number of contracts that surrendered during reporting year. Where a contract is only partially surrendered or has turned into paid-up status, this should not be counted as a surrender for the purpose of C0051 as the contract is still in the book of business. Not applicable for annuities stemming from non-life contracts. |
| C0054 | Number of insured at the end of the year | Number of insured persons at the end of the year with respect to the contracts reported in C0040. The number of insured should correspond to the number of policyholders for a contract. In the case of collective/group policies, where the ‘policyholder’ acts both as a distributor and as a policyholder, the number of insured should correspond to the number of insured persons joining the collect/group contract. |
| C0055 | Fiscal treatment of the products | This field is to provide information on the fiscal treatment of the products, in particular when fiscal treatment could influence decision on exercising surrender/cancellation. The following closed list should be used: 1 – In case of lapse/surrender there is no tax or subsidy related loss 2 – In case of lapse/surrender past or future tax benefits or other subsidies are lost 3 – Other tax related losses not covered above 4 – Not applicable Option 1 includes cases where policyholders would suffer a tax or subsidy loss unless a similar insurer is willing to accept the contract. Tax benefits that relate to future premiums i.e. where premiums reduce future income tax payments are not relevant for the purpose of above classification. Whether for a particular contract within a product a fiscal loss actually would occur at the valuation date may depend on individual contractual parameters like duration or the age of the policyholder. For the purpose of the reporting in C0210 no differentiation according to such parameters is however required. The criteria should be chosen where such a fiscal loss may occur for the contracts of that product. Not applicable for annuities stemming from non-life contracts. |
| C0080 | Country | Country ISO 3166–1 alpha–2 code or list of codes according to the following instructions: — ISO 3166–1 alpha–2 code of the country where the contract was entered into, for countries representing more than 10 % of technical provisions or written premiums for a given product. — For countries representing less than 10 % of Technical Provisions or written premiums for a given product, report a list of ISO 3166–1 alpha–2 Codes of the countries concerned. |
| Portfolio product | Portfolio product | Portfolio product |
| C0020 | Fund number | Applicable to product that are part of ring-fenced funds or other internal funds – defined at national level, in particular regarding funds (asset portfolios) supporting life products. Number or code, which is attributed by the undertaking, corresponding to the unique number or code assigned to each fund. This number or code has to be consistent over time and shall be used to identify the same funds in other templates (e.g. in S.08.01). It shall not be re–used for a different fund. The fund number is not mandatory, unless otherwise required by the national supervisory authority. |
| C0060 | Total amount of Written premiums | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35. For annuities stemming from non–life this cell is not applicable. |
| C0061 | Total amount of written premiums – of which written directly by the insurance undertaking | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written directly by the insurance undertaking. For annuities stemming from non–life this cell is not applicable. |
| C0062 | Total amount of written premiums – of which written via credit institutions | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written via credit institutions acting as insurance distributors. For annuities stemming from non–life this cell is not applicable. |
| C0063 | Total amount of written premiums – of which written via other insurance distributors | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written via insurance distributors other than credit institutions. For annuities stemming from non–life this cell is not applicable. |
| C0070 | Total amount of claims paid during year | Total amount of gross claims paid during the year, including claims management expenses. |
| C0071 | Total amount of commissions paid during year | Commissions should include any form of monetary benefits which is paid to an insurance distributor by any other person than the customer or a third party acting on behalf of the customer, in relation to insurance distribution activities. Whereas commissions are generally calculated as a percentage of the premium paid by the customer for insurance coverage, this applies for any type of payment made to an insurance distributor (e.g., paid/received initially based on the conclusion of an insurance contract or paid/received on a recurring basis). Where this cell is not applicable, e.g. in case of annuities from non-life expenses, the cell should be left blank. |
| C0075 | Expected future premiums | Total premiums for all contracts in force at the valuation date expected for the future as projected in the Best Estimate calculation. Projected future premiums should be the present value (reflecting the total premium volume for the expected duration of the contract). The premiums should only be recognised in the contract boundaries. As the calculation of technical provisions is only required on the level of HRG, approximations can be applied for the breakdown of the provisions by product. Not applicable for annuities stemming from non-life contracts. |
| C0077 | Expected future commissions | Total future commissions for all contracts in force at the valuation date expected for the future as projected in the Best Estimate calculation. Projected future commissions should be the present value (reflecting the total volume of future commissions for the expected duration of the contract). For the definition of commissions please confer C0071. The commissions should only be recognised in the contract boundaries. As the calculation of technical provisions is only required on the level of HRG, approximations can be applied for the breakdown of the provisions by product. Not applicable for annuities stemming from non-life contracts. |
| C0180 | Best Estimate and Technical Provisions as a whole | Amount of gross best estimate and Technical Provisions as a whole calculated by product. As the calculation of technical provisions is only required on the level of HRG, approximations can be applied for the breakdown of the provisions by product. |
| C0190 | Capital–at–risk | The capital at risk, as defined in the Delegated Regulation (EU) 2015/35. As the calculation of technical provisions is only required on the level of HRG, approximations can be applied for the breakdown of the provisions by product. For annuities stemming from non–life contracts this cell shall be filled in with zero unless the annuities have positive risk. |
| C0200 | Surrender value | Surrender value (where available), as mentioned in Article 185(3)(f) of Directive 2009/138/EC, net of taxes: amount to be paid to the policyholder in case of early termination of the contract (i.e. before it becomes payable by maturity or occurrence of the insured event, such as death), net of charges and policy loans; does not concern contracts without options, given that surrender value is an option. Not applicable for annuities stemming from non-life contracts. |
| C0260 | Guaranteed rate – Annualised guaranteed rate (over average duration of guarantee) | Average guaranteed yearly interest rate to the policy holder over the remaining life time of the contract expressed as a percentage. Where no guaranteed interest rate is implicitly or explicitly provided in the contract, the cell should be left blank, where a guaranteed interest rate is implicitly or explicitly provided, this should be reported accordingly (e.g. ‘0 %’). Applicable where an average guaranteed interest rate is explicitly provided in the contract or where an alternative financial guarantee is implicitly provided, e.g. in form of a guaranteed sum assured, a guaranteed return of premiums or a guaranteed annuity benefit. Where no yearly interest rate guarantee is prescribed explicitly in the contract, the implied (yearly) guaranteed rate from the valuation date to the expected end of the guarantee should be reported. Not applicable for annuities stemming from non-life contracts. |
| C0261 | Guaranteed rate – Yearly interest rate guarantee for the reporting year | Guaranteed yearly interest rate to the policyholder of the contract for the reporting year expressed as a percentage. Where no guaranteed interest rate is implicitly or explicitly provided in the contract, the cell should be left blank, where a guaranteed interest rate is implicitly or explicitly provided, this should be reported accordingly (e.g. ‘0 %’). Applicable where an average guaranteed interest rate is explicitly provided in the contract or where an alternative financial guarantee is implicitly provided, e.g. in form of a guaranteed sum assured, a guaranteed return of premiums. Where no yearly interest rate guarantee is prescribed explicitly in the contract, the implied (yearly) guaranteed rate for the reporting year should be reported. Not applicable for annuities stemming from non-life contracts. |
| C0270 | Exit conditions at reporting date | Please classify the product according to the following closed list regarding exit conditions at the situation of the reporting date: 1 – Surrender value equal to the best estimate/local statutory reserves and notice required lower than one week 2 – Surrender value equal to the best estimate/local statutory reserves and notice required higher than one week but lower than 3 months 3 – Surrender value equal to the best estimate/local statutory reserves and notice required higher than 3 months 4 – Surrender value between 100 % (exclusively) and 80 % of the best estimate/local statutory reserves and notice required lower than one week 5 – Surrender value between 100 % (exclusively) and 80 % of the best estimate/local statutory reserves and notice required higher than one week but lower than 3 months 6 – Surrender value between 100 % (exclusively) and 80 % of the best estimate/local statutory reserves and notice required higher than 3 months 7 – Surrender value lower than 80 % of the best estimate/local statutory reserves and notice required lower than one week 8 – Surrender value lower than 80 % of the best estimate/local statutory reserves and notice required higher than one week but lower than 3 months 9 – Surrender value lower than 80 % of the best estimate/local statutory reserves and notice required higher than 3 months 10 – Other The notice period should be understood as the time period (e.g. days or weeks) requested by the insurance company between the notification of the policyholder of his/her intention to terminate the insurance policy and the actual termination date. This term does not refer to the cool-off period which a client has to cancel the policy without penalty. Where this cell is not applicable, i.e. a contract cannot be surrender, e.g. for annuities from non-life contracts, this cell can be left blank. Not applicable for annuities stemming from non-life contracts. |
| C0280 | Amount on which interest rate is guaranteed | Monetary amount to which the guaranteed interest rate reported in C0260 need to be applied. Amount is to be reported as the monetary value at the reference date. Not applicable for annuities stemming from non-life contracts. |
| Characteristics of product | Characteristics of product | Characteristics of product |
| C0101 | Product classification | The following closed list shall be used: 1. single life 2. joint life 3. collective 4. other If more than one characteristic is applicable use ‘4 – other’. For annuities stemming from non–life use ‘4 – other’. |
| C0102 | Pension entitlements | Specify if the product category is a pension entitlement. The following closed list shall be used: 1. Yes 2. No When assessing if a product should be classified as pension entitlement under template S.14 the following should be considered: — If product is a pension product based on national regulation/law. For this the ‘Database of pension plans and products in the EEA’ published at EIOPA website might be considered (with the caveats referred to on the website); — If a product (e.g. a unit-linked product) accumulates money for retirement using a tax advantage related to pensions; — If the future payments are explicitly linked to the retirement itself; — If the product complies with all features identified but also includes some very exceptional situations where the money could be surrendered like long unemployment or serious illness, it should continue to be considered as a pension entitlement. The following should not influence the decision: — If the product substitutes or is additional to the social security system in place; — If the product is compulsory (usually if substitute) or not compulsory (usually if additional); — If the payment in future is to be done through annuities or through a lump sum, as long as the payment is at retirement age. |
| C0110 | Type of product | General qualitative description of the product type. If a product code is attributed by the competent authority for supervisory purposes, the description of product type for that code shall be used. |
| C0120 | Product denomination | Commercial name of product (undertaking–specific). |
| C0130 | Product still commercialised? | Specify if product is still for sale or if it is just in run–off. The following closed list shall be used: 1 – still commercialised 2 – In run-off |
| C0141 | Profit sharing | Specify if product category includes profit sharing or not. The following closed list shall be used. 1 – Yes 2 – No |
| C0142 | Remaining contractual maturity | This field is to provide information about the average contractually defined remaining maturity of the contracts according to that product category. The selection should be made from the following six options: 1 - < 5 years 2 - 5-10 years 3 - 10-15 years 4 - 15-20 years 5 - > 20 years 6 - Lifelong The determination is based on the assumptions that the contract does not end due to the realisation of a biometrical risk, the policyholder does not exercise any surrender/cancellation option and exercises all renewal options and the insurance or reinsurance undertaking does not exercise any option to terminate the contract and exercises all renewal options. In the case of an endowment policy this would for example mean that the insured person does not die and the policyholder does not cancel the contract. For the determination a typical age of the policyholder when entering the contract should be assumed. Consider as example an endowment policy with the possibility to cancel at any time where the typical contract is entered into at age 30 and ends with a lump-sum payment at age 65 in case the insured person is still alive. Even though the contract may end earlier due to death or cancellation the option ‘> 20 years’ should be selected. Not applicable for annuities stemming from non-life contracts. |
S.14.02 – Non-Life obligation analysis
General comments:
This section relates to annual submission of information for individual entities.
This template includes information about non-life insurance contracts only to direct business. No information has to be provided for accepted reinsurance business.
Columns C0010 to C0120 shall be reported by line of business with the exceptions indicated below where further breakdown by product categories is envisaged as defined in C0020.
| ITEM | INSTRUCTIONS | |
| Portfolio | ||
| C0010 | Line of Business (1 to 12) | Line of business as defined in Annex 1 of Delegated Regulation (EU) 2015/35. Information on products, unless otherwise specified in C0020, should not be disaggregated but reported under the main line of business. All non-life insurance products commercialized should be reported under the line of business which best corresponds to the main product characteristics, taking into account the product characteristics and main risks covered by the product. For modular products, the products should be unbundled and information for each product forming the bundle should be reported under the line of business which best corresponds to the main characteristics: The following list shall be used: 1 – Medical expense insurance 2 – Income protection insurance 3 – Workers’ compensation insurance 4 – Motor vehicle liability insurance 5 – Other motor insurance 6 – Marine, aviation and transport insurance 7 – Fire and other damage to property insurance 8 – General liability insurance 9 – Credit and suretyship insurance 10 – Legal expenses insurance 11 – Assistance 12 – Miscellaneous financial loss |
| C0020 | Of which Product category | For non-life insurance products falling under one of the product categories in the closed list below information should be reported in a separate row: 7.1 Fire and other damage to property, of which Natural catastrophe insurance: Products covering damages to properties and people caused by natural forces including earthquake, floods, storm, hail, frost, drought. 11.1 Assistance, of which Travel insurance: Products covering unforeseen losses incurred while travelling such as coverage for trip cancellation, lost luggage, flight delays and/or medical expenses while on travel 12.1 Miscellaneous financial loss, of which Business Interruption: Products covering business interruption, closure of business, or any financial loss of such nature regardless of whether physical damages on an insured property are required (e.g. business interruption referring to coverage for property damage arising from storm or flood; business closure covering damage for temporary closure of shops due to administrative actions or health authorities’ decisions) 12.2 Miscellaneous financial loss, of which Payment protection insurance: Products covering the event of not being able to meet the financial obligations of a mortgage, loan or any credit facilities for any reason excluding death. |
| C0030 | For the products commercialised under this product category/LOB, which proportion (measured by gross written premiums) covers climate related perils? (0-100) | Climate-related perils includes events such as flooding, heat waves, landslides, droughts or wildfires for example). Considering that under one line of business there could be multiple products some covering and other not covering climate related perils, please report here the percentage of products in this category (measured by gross written premiums) that covers at least one aspect of climate-related perils, between 0 and 100. |
| C0040 | If the product covers climate related perils does the product design make allowance for risk-prevention measures? (Yes/No/Not applicable) | If this line of business contains at least one product that covers at least one aspect of climate-related perils, please indicate with ‘Yes’ or ‘No’ if some of these products include risk-prevention measures in their design. Prevention measures in this context refers to things such as financial incentives for the policyholder to mitigate the underlying insured risk (e.g. through rebates on premiums or lower deductibles) or tailored risk expertise provided by the insurer to advise the policyholder on the available risk mitigation measures to implement. |
| C0050 | Number of contracts at the end of the year | Number of contracts attached to each product falling under the relevant line of business. Contracts with more than one policyholder count as only one contract. In case of inactive policyholders (no premium paid) the contract shall be reported anyway unless the contract is cancelled. |
| C0060 | Number of new contracts during year | Number of new contracts during reporting year (this is for all new contracts including those that are renewed). New contract refer to contract written during the year with respect to other ongoing contracts written in previous years. Contracts with more than one policyholder count as only one contract. In case of inactive policyholders (no premium paid) the contract shall be reported anyway unless the contract is cancelled. |
| C0070 | Total amount of Gross Written premiums – written directly by the insurance undertaking | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written directly by the insurance undertaking. |
| C0080 | Total amount of Gross Written premiums – written via credit institutions | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written via credit institutions acting as insurance distributors. |
| C0090 | Total amount of Gross Written premiums – written via insurance distributors other than credit institutions | Total amount of gross written premiums as defined in Article 1(11) of Delegated Regulation (EU) 2015/35 written via insurance distributors other than credit institutions. |
| C0100 | Total amount of commissions paid during year | Commissions should include any form of monetary benefits which is paid to an insurance distributor by any other person than the customer or a third party acting on behalf of the customer, in relation to insurance distribution activities. Whereas commissions are generally calculated as a percentage of the premium paid by the customer for insurance coverage, this applies for any type of payment made to an insurance distributor (e.g., paid/received initially based on the conclusion of an insurance contract or paid/received on a recurring basis). |
| C0110 | Total amount of claims paid during the year | Claims paid during the year related to the sum of the direct business. This shall not include changes in provisions for claims that have not yet been paid and exclude claims management expenses and the movement in provisions in claims management expenses. |
| C0120 | Country | Country ISO 3166–1 alpha–2 code or list of codes according to the following instructions: — ISO 3166–1 alpha–2 code of the country where the contract was entered into, for countries representing more than 10 % of technical provisions or written premiums for a given product. — for countries representing less than 10 % of Technical Provisions or written premiums for a given product, report a list of ISO 3166–1 alpha–2 Codes of the countries concerned. |
| Information on number of insured | Information on number of insured | Information on number of insured |
| C0130 | Number of insured at the end of the year | For products falling under line of business 1 and product categories 11.1 and 12.2 report the total number of insured for contracts reported under C0050. |
| C0140 | Number of insured properties at the end of the year | For products falling under line of business 4 and 5 report the total number of insured properties for contracts reported under C0050. |
S.14.03 – Cyber underwriting risk
General comments
This section relates to annual submission of information for individual entities.
This template is relevant to non-life insurance and reinsurance undertakings which underwrite products covering cyber risks as defined in these instructions.
Undertakings are required to provide information related with cyber risk underwritten by product group code and by Product Identification. When more than one commercial product is provided for the same Product Identification, for same set of LoB and the same set of Risk Coverage, products shall be reported using a single line, providing a ‘Product Group Code’ defined by the undertaking to identify the group of reported products. Products within the same Product Identification not sharing the mentioned characteristic cannot be aggregated and therefore shall be reported using individual lines.
When a special justification is needed, the explanation is not to be submitted within the reporting template but shall be part of the dialogue between undertakings and the National Competent Authorities (NCAs).
The template shall be subject to the application of a threshold based on the following:
- — The sum of premiums earned for standalone cyber policies and policies with cyber as add-on coverage (where only the (estimated) premiums earned for cyber risk should be taken into account) is greater than 5 % of the overall non-life business pursued by the undertaking or greater than 5 million EUR
OR
- — Number of policies that include cyber coverage (i.e. standalone cyber and/or cyber ad add-on policy) represent more than 3 % of the total number of policies of the non-life business).
| ITEM | INSTRUCTIONS | |
| C0010 | Product Group Code | Internal product group ID code defined by the undertaking. The Product Group Code shall be consistent over time. In the cases where the same product group needs to be reported in more than one row the content of C0010 shall follow the specific pattern: {}{Product Group code}}/ + /{}{cardinal number}}. For example ‘AB222/ + /1’. |
| C0020 | Target Market | Identification of the Target Market. One of the options in the following closed list shall be used: 1 – B2B (Business to Business) 2 – Private 3 – Both Given the granularity of Risks identified in the cell C0060, option 3 is expected only as an exceptional case of the regular identification of the Target Market for product categories. |
| C0030 | Product Identification | Identification of the Product Category. One of the options in the following closed list shall be used: (1) First Party Loss (2) Third Party Loss (3) Costs and related services First Party Loss includes losses that relate to policyholders’ own data or loss of income, including any negative consequence that can cause, as a result of an event, a data breach or cyber attack to the policyholder’s business/personal sphere. Third Party Loss includes losses that relate to policyholders’ liability for damage caused to others’ data or income, including any negative consequence that can cause, as a result of an event, a data breach or cyber attack to the policyholder’s business/personal sphere. Costs and related services include coverages that only relate to costs or services delivered by the coverage issuer to restore systems and data after a cyber event (including legal costs). In principle, only one item can be chosen from the list to characterise the Product Identification; however, in exceptional cases and in case of reporting from Reinsurance undertakings, multiple selection is allowed. The Product Identification is uniquely defined by the combination of Line(s) of Business and Description of Risks included in the Coverage, provided that the latter is not filled in as ‘Other’ or that multiple selections of the items available in the list is performed. If this is the case, two Product Categories characterised by same LoB(s) and Description of Risks included in the Coverage as ‘Other’ cannot be considered as the same Product Identification and will need to be reported as separate lines. |
| C0040 | Cyber coverage in the Product Identification | Identification of the Cyber coverage included in the commercial products included in the Product identification. One of the options in the following closed list shall be used: (1) Cyber Standalone Coverage (2) Cyber as add-on coverage but main risk being covered (3) Cyber as add-on coverage and not as main risk being covered Cyber Standalone Coverage includes all the coverages where cyber is the provided as standalone (i.e. unique) coverage. Cyber as add-on coverage but main risk being covered (> 50 %) includes all coverages where cyber is an add-on item but represents the main risk being covered. Cyber as add-on coverage and not as main risk being covered (< 50 %) includes all coverages where cyber is an add-on item but does not represent the main risk being covered. Only one item can be chosen from the list to characterise the Product Identification. |
| C0050 | Line(s) of Business | Identification of the Line of Business covered in the commercial products. Options in the following closed list shall be used: 1 – Medical Expense Insurance 2 – Income Protection Insurance 3 – Workers’ Compensation Insurance 4 – Motor Vehicle Liability Insurance 5 – Other Motor Insurance 6 – Marine, Aviation and Transport Insurance 7 – Fire and other Damage to Property Insurance 8 – General Liability Insurance 9 – Credit and Suretyship insurance 10 – Legal Expenses Insurance 11 – Assistance 12 – Miscellaneous Financial Loss 13 – Proportional reinsurance – Medical Expense Insurance 14 – Proportional reinsurance – Income Protection Insurance 15 – Proportional reinsurance – Workers’ Compensation Insurance 16 – Proportional reinsurance – Motor Vehicle Liability Insurance 17 – Proportional reinsurance – Other Motor Insurance 18 – Proportional reinsurance – Marine, Aviation and Transport Insurance 19 – Proportional reinsurance – Fire and other Damage to Property Insurance 20 – Proportional reinsurance – General Liability Insurance 21 – Proportional reinsurance – Credit and Suretyship insurance 22 – Proportional reinsurance – Legal Expenses Insurance 23 – Proportional reinsurance – Assistance 24 – Proportional reinsurance – Miscellaneous Financial Loss 25 – Non-Proportional reinsurance – Health 26 – Non-Proportional reinsurance – Casualty 27 – Non-Proportional reinsurance – Marine, Aviation and Transport 28 – Non-Proportional reinsurance – Property |
| C0060 | Description of Risk(s) included in the coverage | Description of the risks included in the coverage using the options in the following closed list: (1) Network Interruption (refers to a network security failure leading to business interruption. Examples may include a Distributed Denial of Service or ‘DDoS’ attack (i.e. website being overloaded with requests organized by a malicious party) or a hacker accessing the network and deleting critical files, or adding malicious code that causes the system to fail) (2) Network Interruption OSP (where OSP stands for Outsourced Service Providers (OSP), i.e. a client-server protocol that manages access control, accounting, usage data and inter-domain routing to make it easier for internet service providers (ISPs) to support IP telephony) (3) Network Interruption: system failure which may include an ‘unintentional or unplanned outage’ on the network. The failure could be due to human error, system error or both. (e.g. a company upgrading its accounting system may unexpectedly cause the entire network to freeze in the process) (4) Cyber Extortion (a form of online crime in which a website, email server, or computer system is subjected to repeated denial of service (DDoS) or other attacks by malicious hackers, who demand money in return for promising to stop the attacks) (5) Electronic Data Incident (incident in which sensitive, confidential or otherwise protected data is accessed and/or disclosed in an unauthorized fashion. Data breaches may involve personal health information (PHI), personally identifiable information (PII), trade secrets or intellectual property) (6) Cyber Theft (may include online fraud or other similar illicit activities) (7) Data Restoration (refers to the process of copying backup data from secondary storage and restoring it to its original location or a new location. A restore is performed to return data that has been lost, stolen or damaged to its original condition or to move data to a new location) (8) Extra expense (9) System clean-up costs (10) Administrative investigation and penalties (11) Physical injury (12) Data Protection and Cyber Liability (includes also GDPR implications regarding third party data protection) (13) Media Liability (i.e. reputational risk) (14) Wrongful collection of information (15) Media Content infringement/defamatory content (16) Violation of notification obligations (notification of data breaches is provided in defined time lags by law and or GDPR provisions) (17) First Response (costs incurred in responding quickly to attacks to restore service) (18) Event management (all activities needed to restore normal activities) (19) Communication Costs (big data breaches may require mass communication of the outcomes of the breach) (20) Credit/Identity monitoring (ensure the restoration/block of credit or identity data collected from customers/employees, etc.) (21) Criminal Reward Fund (contribution to government funds established to cover cyber liabilities towards third parties) (22) Contingent business interruption (23) Financial Fraud (24) Other More than one options may be reported. |
| C0070 | Other risk detailed description | A detailed description of the risks if other risk is chosen. |
| C0080 | Sum(s) insured | Amount of the total sum(s) insured for the reported Product Identification. |
| C0090 | Premium(s) | Amount of the total premium(s) earned for the reported product Identification. |
| C0100 | Sum(s) reinsured | Amount of the total sum(s) ceded to reinsurance undertakings for the reported product Identification. |
| C0110 | Number of Claims settled with Payment | Number of Claims, for the relevant product category, that have been settled with payment during the reporting year. |
| C0120 | Amount of Claims Paid | Amount of claims paid, for the relevant product Identification, for claims that have been settled with payment during the reporting year. |
| C0130 | Number of Claims settled without payment | Number of Claims, for the relevant product Identification, that have been settled without payment during the reporting year. |
| C0140 | Technical Provisions | Amount of technical provisions, for the relevant product Identification. |
S.16.01 – Information on annuities stemming from Non–Life Insurance obligations
General comments:
This section relates to annual submission of information for individual undertakings.
This template shall not be reported for accepted reinsurance business.
This template shall be reported only for annuities formally settled stemming from non–life contracts and relating to health insurance obligations and relating to insurance obligations other than health insurance obligations.
Formally settled as an annuity means that a legal process has ordered that the beneficiary is to receive payments as an annuity.
In the event that after an obligation has been formally settled as an annuity some of that obligation subsequently ends up being settled via a lump sum payment that was not in the original annuity payment order, that lump sum would be recorded as a payment in template S.16.01; i.e. there is no movement of claims data out of template S.16.01 and into S.19.01.
Undertakings are required to report data on an accident year or underwriting year basis, in accordance with any requirements of the National Supervisory Authority. If the National Supervisory Authority has not stipulated which to use then the undertaking may use accident or underwriting year according to how they manage each line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, provided that they use the same year consistently, year on year.
This template shall be reported by non–life line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, originating the annuity and by currency, considering the following specifications:
- i. If the best estimate for the annuity claims provisions on a discounted basis from one non–life line of business represents more than 3 % of the total best estimate for all annuity claims provisions the information shall be reported with the following split by currencies in addition to the total for the line of business:
- a) Amounts for the reporting currency;
- b) Amounts for any currency that represents more than 25 % of the best estimate for the annuity claims provisions on a discounted basis from that non–life line of business; or
- c) Amounts for any currency that represents less than 25 % of the best estimate for the annuity claims provisions (discounted basis) from that non–life line of business but more than 5 % of total best estimate for all annuity claims provisions.
- ii. If the best estimate for the annuity claims provisions on a discounted basis from one non–life line of business represents less than 3 % of the total best estimate for all annuity claims provisions no currency split is required, only the total for the line of business shall be reported;
- iii. The information shall be reported in the original currency of the contracts unless otherwise specified.
- iv. For captive insurance and reinsurance undertakings complying with the conditions specified in Article 5(4) and (5), this template shall be reported without currency split i.e. Z0030 is reported always as Total.
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