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 | |
| Z0010 | Line of Business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. The following closed list shall be used: 1 – 1 and 13 Medical expense insurance 2 – 2 and 14 Income protection insurance 3 – 3 and 15 Workers’ compensation insurance 4 – 4 and 16 Motor vehicle liability insurance 5 – 5 and 17 Other motor insurance 6 – 6 and 18 Marine, aviation and transport insurance 7 – 7 and 19 Fire and other damage to property insurance 8 – 8 and 20 General liability insurance 9 – 9 and 21 Credit and suretyship insurance 10 – 10 and 22 Legal expenses insurance 11 – 11 and 23 Assistance 12 – 12 and 24 Miscellaneous financial loss 25 – Non–proportional health reinsurance 26 – Non–proportional casualty reinsurance 27 – Non–proportional marine, aviation and transport reinsurance 28 – Non–proportional property reinsurance |
| Z0020 | Accident year or Underwriting year | Report the standard used by the undertakings for reporting of claims development. One of the options from the following closed list shall be used: 1 – Accident year 2 – Underwriting year |
| Z0030 | Currency | Identify the ISO 4217 alphabetic code of the currency in which the obligation is denominated. This item shall be filled in with ‘Total’ when reporting the total for the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. |
| Z0040 | Currency conversion | Identify if the information reported by currency is being reported in the original currency (default) or in the reporting currency (otherwise specified). The following closed list shall be used: 1 – Original currency 2 – Reporting currency Only applicable when reporting by currency. |
| C0010 to C0160/R0100 to R0250 | Gross Claims Paid (non–cumulative) –Triangle | The Gross Claims Paid, net of salvage and subrogation, excluding expenses, in a triangle showing the developments of the gross claims payment already made: for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) report the payments already made corresponding at each development year (which is the delay between the accident/underwriting date and the payment date). The data are in absolute amount, non–cumulative and undiscounted. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C0170/R0100 to R0260 | Gross Claims Paid (non–cumulative) – In current year | Total ‘Current year’ reflects the last diagonal (all data referred to last reporting year) from R0100 to R0250. R0260 is the total of R0100 to R0250. |
| C0180/R0100 to R0260 | Gross Claims Paid – Sum of years (cumulative) | Total ‘Sum of all years’ contains the sum of all data in rows (sum of all payments referred to the accident/underwriting year), including total. |
| C0200 to C0350/R0100 to R0250 | Gross undiscounted Best Estimate Claims Provisions – Triangle | Triangles of undiscounted best estimate of claims provisions, gross of reinsurance for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year). The best estimate for claims provision relates to claims events occurred before or at the valuation date, whether the claims arising from these events have been reported or not. The data are in absolute amount, non–cumulative and undiscounted, net of salvage and subrogation and excluding any expenses as well as any future premiums. |
| C0360/R0100 to R0260 | Gross Best Estimate Claims Provisions – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but on a discounted basis (all data referred to last reporting year) from R0100 to R0250. R0260 is the total of R0100 to R0250 |
| C0400 to C0550/R0100 to R0250 | Gross Reported but not Settled Claims (RBNS) – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of provisions in respect of claim events that have happened and been reported to the insurer, but have not yet been settled, excluding incurred but not reported claims (‘IBNR’). These may be case–by–case reserves estimated by claim handlers and do not need to be on a best estimate Solvency II basis. The reported but not settled claims (‘RBNS’) shall be measured using consistent reserve strength over time. The data are in absolute amount, non–cumulative and undiscounted, net of salvage and subrogation. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C0560/R0100 to R0260 | Gross Reported but not Settled Claims (RBNS) – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but on a discounted basis (all data referred to last reporting year) from R0100 to R0250. R0260 is the total of R0100 to R0250. |
| C0600 to C0750/R0300 to R0450 | Reinsurance Recoveries (non–cumulative) – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of payments (claims paid by reinsurer plus reinsurance recoverables), reported in the ‘Gross Claims Paid (non–cumulative)’, covered by a reinsurance contract. The amounts of reinsurance recoverables shall be considered after the adjustment for the counterparty default. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C0760/R0300 to R0460 | Reinsurance Recoveries received (non–cumulative) – In current year | Total ‘Current year’ reflects the last diagonal (all data referred to last reporting year) from R0300 to R0450. R0460 is the total of R0300 to R0450. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C0770/R0300 to R0450 | Reinsurance Recoveries received – Sum of years (cumulative) | Total ‘Sum of years’ contains the sum of all data in rows (sum of all payments referred to the i–accident/underwriting year), including total. |
| C0800 to C0950/R0300 to R0450 | Undiscounted Best Estimate Claims Provisions – Reinsurance recoverable – Triangle | Provisions referred to the amounts recoverable from reinsurance contracts and special purpose vehicles. In the triangle is required to reported undiscounted data, while the column ‘Year end’ will contain data on discounted basis. The amounts shall be considered after the adjustment for the counterparty default, net of salvage and subrogation and excluding any expenses, as well as any future premiums. |
| C0960/R0300 to R0460 | Best Estimate Claims Provisions – Reinsurance recoverable – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but a on discounted basis (all data referred to last reporting year) from R0300 to R0450. R0460 is the total of R0300 to R0450. |
| C1000 to C1150/R0300 to R0450 | Reinsurance RBNS Claims – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of reinsurance share of provisions, reported in the ‘Gross Reported but not Settled Claims (RBNS)’, covered by a reinsurance contract. The amount includes all the elements that compose the claim itself but excludes any expenses and is net of salvage and subrogation. |
| C1160/R0300 to R0460 | Reinsurance RBNS Claims – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but on a discounted basis (all data referred to last reporting year) from R0300 to R0450. R0460 is the total of R0300 to R0450. |
| C1200 to C1350/R0500 to R0650 | Net Claims Paid (non–cumulative) – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of claims paid net of salvage/subrogation and reinsurance. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C1360/R0500 to R0660 | Net Claims Paid (non–cumulative) – In current year | Total ‘Current year’ reflects the last diagonal (all data referred to last reporting year), from R0500 to R0650. R0660 is the total of R0500 to R0650 |
| C1370/R0500 to R0660 | Net Claims Paid – Sum of year (cumulative) | Total ‘Sum of years’ contains the sum of all data in rows (sum of all payments referred to the accident/underwriting year), including total. |
| C1400 to C1550/R0500 to R0650 | Net Undiscounted Best Estimate Claims Provisions – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of Best Estimate of Claims Provisions, net of reinsurance, net of salvage and subrogation and excluding any expenses, as well as any future premiums. |
| C1560/R0500 to R0660 | Net Undiscounted Best Estimate Claims Provisions – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but on a discounted basis (all data referred to last reporting year) from R0500 to R0650. R0660 is the total of R0500 to R0650 |
| C1600 to C1750/R0500 to R0650 | Net RBNS Claims – Triangle | Triangles for each of the accident/underwriting years from N–14 (and prior) and all previous reporting periods to – including – N (last reporting year) of Claims Outstanding net of salvage/subrogation and reinsurance. The amount includes all the elements that compose the claim itself but excludes any expenses. |
| C1760/R0500 to R0660 | Net RBNS Claims – Year end (discounted data) | Total ‘Year end’ reflects the last diagonal but on a discounted basis (all data referred to last reporting year) from R0500 to R0650. R0660 is the total of R0500 to R0650. |
| Inflation rates (only in the case of using methods that take into account inflation to adjust data) | Inflation rates (only in the case of using methods that take into account inflation to adjust data) | Inflation rates (only in the case of using methods that take into account inflation to adjust data) |
| C1800 to C1940/R0700 | Historic inflation rate – total | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report by year, and for the 15 years, historic inflation rate used to adjust historical paid losses triangles. |
| C1800 to C1940/R0710 | Historic inflation rate – external inflation | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report, by year, and for the 15 years, historic external inflation: which is the ‘economic’ or ‘general’ inflation, i.e. the increase of the price of goods and services in a specific economy (e.g. Consumer Price Index, Producer Price Index, etc. |
| C1800 to C1940/R0720 | Historic inflation rate – endogenous inflation | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report, by year, and for the 15 years, historic endogenous inflation: which is an increase of claim costs specific of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, under consideration. |
| C2000 to C2140/R0730 | Expected inflation rate – total | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report by year, and for the 15 years, expected inflation rate used to adjusted historical paid losses triangles. |
| C2000 to C2140/R0740 | Expected inflation rate – external inflation | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report, by year, and for the 15 years, expected external inflation: which is the ‘economic’ or ‘general’ inflation, i.e. the increase of the price of goods and services in a specific economy (e.g. Consumer Price Index, Producer Price Index, etc. |
| C2000 to C2140/R0750 | Expected inflation rate – endogenous inflation | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report, by year, and for the 15 years, expected endogenous inflation: which is an increase of claim costs specific of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, under consideration. |
| C2200/R0760 | Description of inflation rate used | In the case of use of run–off techniques that explicitly take into account inflation in order to adjust data report narrative description of inflation rate used. |
S.20.01 – Development of the distribution of the claims incurred
General comments:
This section provides an overview about the run–off/movement of non–life claims portfolios, in terms of both claims paid (split by different type of claims) and RBNS claims (as defined in S.19.01).
RBNS claims shall be reported undiscounted.
This template must be filled for each material non-life line of Business for direct business, as defined in Annex I to Delegated Regulation (EU) 2015/35, representing a coverage of 90 % of the non-life technical provisions. Line of business should be selected using a decreasing order of technical provisions.
The negative technical provisions at the level of the line of business shall be considered with absolute value for the purpose of the calculation of the materiality of the above thresholds.
With regard to the number of claims to be reported, undertakings will use their specific definition or, if available, specification existing at national level (for instance requirement laid down by the National Supervisory Authority). However, each claim shall be reported once by Line of Business. If any claim is closed and reopened during the year, it shall not be reported in the column ‘Reopen Claims during the year’ but it shall be reported in relevant column regarding ‘Open Claims at the beginning of the year’ or ‘Claims reported during the year’.
Undertakings are required to report data on 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.
As per the number of years to be reported, the same reporting requirement introduced in S.19.01 applies.
| ITEM | INSTRUCTIONS | |
| Z0010 | Line of business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. 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 |
| Z0020 | Accident year/Underwriting year | Report the standard used by the undertakings for reporting of claims development. One of the options from the following closed list shall be used: 1 – Accident year 2 – Underwriting year |
| C0020/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Open Claims at the end of the year – Number of claims | The number of open claims at the beginning of the year and still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0030/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Open Claims at the end of the year – Gross RBNS at the beginning of the year | The amount of gross RBNS Claims, net of salvage and subrogation, at the beginning of the year and still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0040/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Open Claims at the end of the year – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0050/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Open Claims at the end of the year – Gross RBNS at the end of the period | The amount of gross RBNS Claims, net of salvage and subrogation, at the end of the period regarding claims still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0060/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Closed Claims at the end of the year, settled with payment – Number of claims ended with payments | The number of Claims open at the beginning of the year and closed at the end of the year and settled with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0070/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Closed Claims at the end of the year, settled with payment – Gross RBNS at the beginning of the year | The amount of gross RBNS Claims, net of salvage and subrogation, open at the beginning of the year and closed at the end of the year and settled with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0080/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Closed Claims at the end of the year, settled with payment – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims closed at the end of the reporting year and settled with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims |
| C0090/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Closed Claims at the end of the year, settled without any payment – Number of claims ended without any payment | The number of Claims open at the beginning of the year and closed at the end of the year and settled without any payment, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0100/R0010 to R0160 | RBNS claims. Open Claims at the beginning of the year, Closed Claims at the end of the year, settled without any payment – Gross RBNS at the beginning of the year referred to claims settled without any payment | The amount of gross RBNS Claims, net of salvage and subrogation, open at the beginning of the year and closed at the end of the year and settled without any payment, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0110/R0010 to R0160 | Claims reported during the year, Open Claims at the end of the year – Number of claims | The number of claims reported during the year and still open at the end of the year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0120/R0010 to R0160 | Claims reported during the year, Open Claims at the end of the year – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reported during the year and still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0130/R0010 to R0160 | Claims reported during the year, Open Claims at the end of the year – Gross RBNS at the end of the period | The amount of gross RBNS Claims, net of salvage and subrogation, at the end of the period regarding claims reported during the year and still open at the end of the reporting year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0140/R0010 to R0160 | Claims reported during the year, Closed Claims at the end of the year, settled with payment – Number of claims ended with payments | The number of Claims reported during the year and closed at the end of the year and settled with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0150/R0010 to R0160 | Claims reported during the year, Closed Claims at the end of the year, settled with payment – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reported during the year and closed at the end of the year and settled with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0160/R0010 to R0160 | Claims reported during the year, Closed Claims at the end of the year, settled without any payment – Number of claims ended without any payment | The number of Claims reported during the year and closed at the end of the year and settled without any payment, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0170/R0010 to R0160 | Reopen claims during the year, Open Claims at the end of the year – Number of claims | The number of Claims reopened during the year and still open at the end of the year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0180/R0010 to R0160 | Reopen claims during the year, Open Claims at the end of the year – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reopened during the year and still open at the end of the year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0190/R0010 to R0160 | Reopen claims during the year, Open Claims at the end of the year – Gross RBNS at the end of the period | The amount of gross RBNS Claims, net of salvage and subrogation, at the end of the period regarding claims reopened during the year and still open at the end of the year, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0200/R0010 to R0160 | Reopen claims during the year, Closed Claims at the end of the period – Number of claims ended with payments | The number of Claims reopened during the year and closed at the end of the year and ended with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. |
| C0210/R0010 to R0160 | Reopen claims during the year, Closed Claims at the end of the period – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reopened during the year and closed at the end of the year with payments, by accident/underwriting years from the year N–1 (the year before the reporting year) to N–14, amount of all previous reporting periods prior to N–14 and the total of all the years from N–1 to prior to year N–14. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0110/R0170 | Claims reported during the year, Open Claims at the end of the year – Number of claims | The number of claims reported during the year and still open at the end of the year, for the accident/underwriting year, regarding the reporting year N. |
| C0120/R0170 | Claims reported during the year, Open Claims at the end of the year – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reported during the year and still open at the end of the reporting year, for the accident/underwriting year, regarding the reporting year N. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0130/R0170 | Claims reported during the year, Open Claims at the end of the year – Gross RBNS at the end of the period | The amount of gross RBNS Claims, net of salvage and subrogation, at the end of the period regarding claims reported during the year and still open at the end of the reporting year, for the accident/underwriting year, regarding the reporting year N. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0140/R0170 | Claims reported during the year, Closed Claims at the end of the year, settled with payment – Number of claims ended with payments | The number of Claims reported during the year and closed at the end of the year and settled with payments, for the accident/underwriting year, regarding the reporting year N. |
| C0150/R0170 | Claims reported during the year, Closed Claims at the end of the year, settled with payment – Gross payments made during the current year | The amount of gross payments, net of salvage and subrogation, made during the current year regarding claims reported during the year and closed at the end of the year and settled with payments, for the accident/underwriting year, regarding the reporting year N. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0160/R0170 | Claims reported during the year, Closed Claims at the end of the year, settled without any payment – Number of claims ended without any payment | The number of Claims reported during the year and closed at the end of the year and settled without any payment, for the accident/underwriting year, regarding the reporting year N. |
| C0110/R0180 | Total Claims reported during the year, Open Claims at the end of the year – Number of claims | Total number of claims reported during the year still open at the end of the year. |
| C0120/R0180 | Total Claims reported during the year, Open Claims at the end of the year – Gross payments made during the current year | Total of gross payments, net of salvage and subrogation, made during the current year in relation to total number of claims reported during the year still open at the end of the year. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0130/R0180 | Total Claims reported during the year, Open Claims at the end of the year – Gross RBNS at the end of the period | Total of Gross RBNS, net of salvage and subrogation, at the end of the period in relation to total number of claims reported during the year still open at the end of the year. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0140/R0180 | Total Claims reported during the year, Closed Claims at the end of the year, settled with payment – Number of claims ended with payments | Total number of claims reported during the year and settled with payments. |
| C0150/R0180 | Total Claims reported during the year, Closed Claims at the end of the year, settled with payment – Gross payments made during the current year | Gross payments, net of salvage and subrogation, made during the current year in relation to claims reported during the year and settled with payments. The amount includes all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. |
| C0160/R0180 | Total Claims reported during the year, Closed Claims at the end of the year, settled without any payment – Number of claims ended without any payment | Total number of claims reported during the year and settled without any payment. |
S.21.01 – Loss distribution risk profile
General comments:
This section relates to annual submission of information for individual undertakings.
This template shall be reported for each material non-life line of Business for direct business, as defined in Annex I to Delegated Regulation (EU) 2015/35, representing a coverage of 90 % of the non-life technical provisions. Line of business shall be reported in accordance with the amount of technical provisions, i.e. the line of business with the highest amount of technical provisions.
The negative technical provisions at the level of the line of business shall be considered with absolute value for the purpose of the calculation of the materiality of the threshold.
The loss distribution profile non–life shows the distribution, in (predefined) brackets, of the accumulated claims incurred at the end of the reporting year.
Accumulated claims incurred means the sum of gross claims paid and gross reported but not settled claims (RBNS) on a case-by-case basis for each and every single claim, open or closed, which belongs to a specific accident year (‘AY’)/underwriting year (‘UWY’) (AY/UWY). Claims incurred amounts include all the elements that compose the claim itself but excludes any expenses except those attributable to specific claims. Data regarding claims shall be reported net of salvage and subrogation. Historical data, starting from the first time application of Solvency II, is required.
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.
The default brackets to be used are defined in euros. For different reporting currencies each relevant supervisory authority shall define the equivalent options for the amounts to be used in the 20 brackets.
An undertaking may use undertaking specific brackets, in particular when incurred losses are lower than EUR 100 000. The brackets chosen shall be used consistently over the reporting periods, unless the distribution of claims changes significantly. In this case the undertaking shall notify the supervisory authority in advance, unless already specified by the supervisory authority.
| ITEM | INSTRUCTIONS | |
| Z0010 | Line of business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. 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 |
| Z0020 | Accident year/underwriting year | Report the standard used by the undertakings for reporting of template S.19.01. The following closed list shall be used: 1 – Accident year 2 – Underwriting year |
| C0030/R0010 to R0210 | Start claims incurred | Start amount of the interval of the corresponding bracket. In case the reporting currency is in Euros, one of the following 5 base options based on the normal loss distribution can be used: 1 – 20 brackets of 5000 plus 1 extra open bracket for accumulated incurred losses > 100 000 . 2 – 20 brackets of 50000 plus 1 extra open bracket for accumulated incurred losses > 1 million. 3 – 20 brackets of 250 000 plus 1 extra open bracket for accumulated incurred losses > 5 million. 4 – 20 brackets of 1 million plus 1 extra open bracket for accumulated incurred losses > 20 million. 5 – 20 brackets of 5 million plus 1 extra open bracket for accumulated incurred losses > 100 million. However, an undertaking shall use undertaking specific brackets, in particular when accumulated incurred losses < 100 000 to guarantee that the level of detail is sufficient to provide adequate insight in the distribution of the accumulated claims incurred, unless already specified by the supervisory authority. The option chosen needs to be used consistently over the reporting periods, unless the distribution of claims changes significantly. For different reporting currencies National Supervisory Authorities need to define the equivalent options for the amounts to be used in the 20 brackets. |
| C0040/R0010 to R0200 | End claims incurred | End amount of the interval of the corresponding bracket. |
| C0050, C0070, C0090, C0110, C0130, C0150, C0170, C0190, C0210, C0230, C0250, C0270, C0290, C0310, C0330/R0010 to R0210 | Number of claims AY/UWY year N:N–14 | The number of claims attributed to each of the accident/underwriting years N to N–14, whose accumulated claims incurred at the end of the reporting year falls within the start amount and end amount of the applicable bracket. The number of claims is the sum of the accumulated number of open claims at the end of the period plus the accumulated number of closed claims ended with payments. |
| C0060, C0080, C0100, C0120, C0140, C0160, C0180, C0200, C0220, C0240, C0260, C0280, C0300, C0320, C0340/R0010 to R0210 | Total claims incurred AY/UWY year N:N–14 | The accumulated and aggregated amount of claims incurred of all individual claims, attributed to each of the accident/underwriting years N to N–14, whose accumulated claims incurred at the end of the reporting year falls within the start amount and end amount of the applicable bracket. For smaller claims, estimations (e.g. default amount) are allowed as long as it is in line with the amounts considered in run–off triangles reported in Non–life Insurance Claims Information (template S.19.01). Accumulated claims incurred means the sum of gross claims paid and gross reported but not settled claims (RBNS) on a case-by-case basis for each and every single claim, open and closed, which belongs to a specific accident year/underwriting year (AY/UWY). |
| C0050, C0070, C0090, C0110, C0130, C0150, C0170, C0190, C0210, C0230, C0250, C0270, C0290, C0310, C0330/R0300 | Number of claims AY/UWY year N:N–14 – Total | Total of the accumulated and aggregated number of claims for all brackets for each of the years N to N–14. |
| C0060, C0080, C0100, C0120, C0140, C0160, C0180, C0200, C0220, C0240, C0260, C0280, C0300, C0320, C0340/R0300 | Total claims incurred AY/UWY year N:N–14 – Total | Total of the accumulated and aggregated claims incurred for all brackets for each of the years N to N–14. |
S.21.02 – Underwriting risks non–life
General comments:
This section relates to annual submission of information for individual undertakings.
Template shall be filled in relation to non–life business (including Non–SLT Health) only for direct business.
In this template the 20 biggest single underwriting risks, based on net retention, across all lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, shall be reported. If the 2 biggest single underwriting risks for any of the lines of business, as defined in Annex I to Delegated Regulation (EU) 2015/35 are not covered through the above methodology, then they shall be reported in addition. In case a single underwriting risk of a specific line of business forms part of the top 20, the same risk of the affected line of business must only be filled in once.
Net retention of the single underwriting risk means the maximum possible liability of the undertaking after the recoverables from reinsurers (including SPV and Finite Reinsurance) and the original deductible of the policyholder has been taken into account. In case the net retention is equal for too many risks the policy with the highest Sum insured shall be used as a second criteria. In case the Sum insured is also the same and the most appropriate risk considering the risk profile of the undertaking must be used as the ultimate criteria.
| ITEM | INSTRUCTIONS | |
| C0010 | Risk identification code | The code is a unique identifying number assigned by the undertaking that identifies the risk and shall remain unchanged for subsequent annual reports. |
| C0020 | Identification of the company/person to which the risk relates | If the risk relates to a company identify the name of the company to whom the risk relates. If the risk relates to a natural person, pseudonymise the original policy number and report pseudonymised information. Pseudonymous data refer to data that cannot be attributed to a specific individual without the use of additional information, as long as such additional information is kept separately. Consistency over time shall be insured. It implies that if a single underwriting risk appears from one year to another, it shall receive the same pseudonymised format. |
| C0030 | Description risk | The description of the risk. Depending on the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, report the type of company, building or occupation of the specific risk insured. |
| C0040 | Line of business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35. 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 |
| C0050 | Description risk category covered | The description of the risk category covered is entity specific and is not mandatory. Also the term ‘risk category’ isn’t based on Level 1 and 2 terminologies but can be considered as an extra possibility to give additional information about the underwriting risk(s). |
| C0060 | Validity period (start date) | Identify the ISO 8601 (yyyy–mm–dd) code of the date of commencement of the specific cover, i.e., date when the cover took effect. |
| C0070 | Validity period (expiry date) | Identify the ISO 8601 (yyyy–mm–dd) code of the final expiry date of the specific cover. |
| C0080 | Currency | Identify the ISO 4217 alphabetic code of the original currency. |
| C0090 | Sum insured | The highest amount that the insurer can be obliged to pay out under the policy. The insured sum relates to the underwriting risk. Where the policy covers a number of exposures/risks across the country the individual underwriting risk with the highest net retention shall be specified. If the risk has been accepted on a co–insurance basis, the insured sum indicates the maximum liability of the reporting non–life insurer. In case of a joint several liability, the part belonging to a defaulting co–insurer must be included as well. |
| C0100 | Original deductible policyholder | Part of the sum insured which is retained by the policyholder. |
| C0110 | Type of underwriting model | Type of underwriting model which is used to estimate the exposure of the underwriting risk and the need for reinsurance protection. One of the options in the following closed list shall be used: 1 – Sum Insured: the highest amount that the insurer can be obliged to pay out according to the original policy. Sum insured must also be filled when type of underwriting model is not applicable 2 – Maximum Possible Loss: loss which may occur when the most unfavourable circumstances being more or less exceptionally combined, the fire is only stopped by impassable obstacles or lack of substance. 3 – Probable Maximum Loss: defined as the estimate of the largest loss from a single fire or peril to be expected, assuming the worst single impairment of primary private fire protection systems but with secondary protection systems or organizations (such as emergency organizations and private and/or public fire department response) functioning as intended. Catastrophic conditions like explosions resulting from massive release of flammable gases, which might involve large areas of the plant, detonation of massive explosives, seismic disturbances, tidal waves or flood, falling aircraft, and arson committed in more than one area are excluded in this estimate. This definition is a hybrid form between Maximum Possible Loss and Estimated Maximum Loss that is generally accepted and frequently used by insurers, reinsurers and reinsurance brokers 4 – Estimated Maximum Loss: loss that could reasonably be sustained from the contingencies under consideration, as a result of a single incident considered to be within the realms of probability taking into account all factors likely to increase or lessen the extent of the loss, but excluding such coincidences and catastrophes which may be possible but remain unlikely. 5 – Other: defined as other possible underwriting models used. The type of ‘other’ underwriting model applied must be explained in the Regular Supervisory Report Although abovementioned definitions are used for the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, ‘Fire and other damage to property insurance’, similar definitions might be in place for other lines of business. |
| C0120 | Amount underwriting model | Maximum loss amount of the single underwriting risk which is the result of the underwriting model applied. In case no specific type of underwriting model is used the amount must be equal to the sum insured reported in C0090 minus the original deductible reported in C0100. |
| C0130 | Sum reinsured on a facultative basis, with all reinsurers | Part of the sum insured that the insurer has reinsured on a facultative basis (by treaty and/or by individual cover) with the reinsurers. When the facultative cover is not placed for 100 % but only for 80 % the 20 % not placed shall be considered as retention. |
| C0140 | Sum reinsured, other than on facultative basis, with all reinsurers | Part of the sum insured that the insurer has reinsured through traditional reinsurance treaties or another basis (including SPV and Finite Reinsurance) other than facultative reinsurance. |
| C0150 | Net retention of the insurer | The net amount for which the insurer acts as risk carrier, i.e.: part of the sum insured that exceeds the original deductible of the policyholder and is not reinsured. |
S.21.03 – Non–life distribution of underwriting risks – by sum insured
General comments:
This section relates to annual submission of information for individual undertakings.
This template shall be reported for each material non-life line of Business for direct business, as defined in Annex I to Delegated Regulation (EU) 2015/35, representing a coverage of 90 % of the non-life technical provisions. Line of business shall be reported in accordance with the amount of technical provisions, i.e. the line of business with the highest amount of technical provisions.
The negative technical provisions at the level of the line of business shall be considered with absolute value for the purpose of the calculation of the materiality of the threshold.
The underwriting risk portfolio is the distribution, in (predefined) brackets, of the sum insured of each and every single underwriting risk which have been accepted by the undertaking. The underwriting risk portfolio is per line of business. However, whereas some lines of business are reportable on a compulsory basis for all Member States, the individual Member States may also require compulsory basis reporting for further lines of business where deemed to be relevant. For certain lines of business, the template would not be applicable. (See also item Line of business).
The default brackets to be used are defined in euros. For different reporting currencies each relevant supervisory authority shall define the equivalent options for the amounts to be used in the 20 brackets.
An undertaking may use undertaking specific brackets, in particular when sum insured is lower than EUR 100 000. The brackets chosen shall be used consistently over the reporting periods, unless the distribution of claims changes significantly. In this case the undertaking shall notify the supervisory authority in advance, unless already specified by the supervisory authority.
By default the reference date shall be the end of the reporting year, however if duly justified, the undertaking may choose the reference date of collecting the information from the policy administration. This means that the underwriting risk portfolio can be based for example on the same reference date that is used to collect similar information for the renewal of reinsurance treaties and facultative cover.
The sum insured relates to each and every individual underwriting risk, only looking at the main coverage of the policy per line of business, and means the highest amount that the insurer can be obliged to pay out. This means:
- — If the sum insured of the additional cover for ‘Theft’ is lower than the sum insured of the main cover for ‘Fire and other damage’ (both belonging to the same line of business), the highest sum insured must be taken.
- — A policy cover comprising a number of buildings across the country/car fleet etc. must be broken down.
- — If the risk has been accepted on a co–insurance basis, the insured sum indicates the maximum liability of the reporting non–life insurer.
- — In case of joint liability through co–insurance, the part belonging to a defaulting co–insurer must be included in the sum insured as well.
| ITEMS | INSTRUCTIONS | |
| Z0010 | Line of business | Identification of the line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, reported. First category: lines of business that are compulsory for all Member States: — Other motor insurance; — Marine, aviation and transport insurance; — Fire & other damage to property insurance; — Credit & Suretyship insurance. Second category: lines of business that are compulsory at the discretion of each individual NSAs: — Motor vehicle liability insurance; — General liability insurance; — Medical expense insurance; — Income protection insurance; — Worker’s compensation insurance; — Miscellaneous financial loss; — Legal expenses insurance; — Assistance. 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 |
| C0020/R0010–R0210 | Start sum insured | Start amount of the interval within which the sum insured of the individual underwriting risk belongs and needs to be aggregated. In case the reporting currency is in Euros, one of the following 5 base options for the distribution of the underwriting risks can be used: 1 – 20 brackets of 25000 plus 1 extra bracket for Sum Insured > 500 000 . 2 – 20 brackets of 50000 plus 1 extra bracket for Sum Insured > 1 million. 3 – 20 brackets of 250 000 plus 1 extra bracket for Sum Insured > 5 million. 4 – 20 brackets of 1 million plus 1 extra bracket for Sum Insured > 20 million. 5 – 20 brackets of 5 million plus 1 extra bracket for Sum Insured > 100 million. However, an undertaking shall use undertaking specific brackets, in particular when Sum Insured < 100 000 to guarantee that the level of detail is sufficient to provide adequate insight in the distribution of the claims incurred, unless already specified by the supervisory authority. For policies where there is no Sum Insured defined in the policy the undertaking shall do their own estimations or use default values. The option chosen needs to be used consistently over the reporting periods, unless the distribution of claims changes significantly. For different reporting currencies National Supervisory Authorities need to define the equivalent options for the amounts to be used in the 20 brackets. |
| C0030/R0010–R0200 | End sum insured | End amount of the interval within which the sum insured of the individual underwriting risk belongs and needs to be aggregated. |
| C0040/R0010–R0210 | Number of underwriting risks | The number of underwriting risks whose sum insured falls within the start amount and end amount of the applicable bracket. |
| C0040/R0220 | Number of underwriting risks – Total | Total number of underwriting risks reported in all brackets. |
| C0050/R0010–R0210 | Total sum insured | The aggregated amount of the sum insured, on a gross basis and using the reporting currency, of all the individual underwriting risks, whose sum insured falls within the start amount and end amount of the applicable bracket. |
| C0050/R0220 | Total sum insured – Total | Total of the aggregated amounts of the sum insured, on a gross basis and using the reporting currency, of all the individual underwriting risks reported in all brackets. |
| C0060/R0010–R0210 | Total annual written premium | The aggregated amount of the written premium as defined in Article 1(11) of Delegated Regulation (EU) 2015/35of the underlying underwriting risks. |
| C0060/R0220 | Total annual written premium – Total | Total of the aggregated amounts of the annual written premium reported in all brackets. |
S.22.01 – Impact of long term guarantees measures and transitionals
General comments:
This section relates to annual submission of information for individual entities.
This template is relevant when at least one long term guarantee measure or transitional is used by the undertaking.
This template shall reflect the impact on the financial positions when no transitional is used and each LTG measures or transitional is set to zero. For that purpose, a cumulative step–by–step approach shall be followed taking out each transitional and LTG measure one by one and without recalculating the impact of the remaining measures after each step.
The impacts need to be reported positive if they increase the amount of the item being reported and negative if they decrease the amount of the item (e.g. if amount of SCR increases or if amount of Own Funds increases then positive values shall be reported).
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