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Commission Implementing Regulation (EU) 2023/895 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 procedures, formats and templates for the disclosure by insurance and reinsurance undertakings of their report on their solvency and financial condition and repealing Implementing Regulation (EU) 2015/2452 (Text with EEA relevance)

Type Implementing Regulation

Publication 2023-05-05

State In force

Text As published

Department European Commission, FISMA

Source EUR-Lex

articles 10

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.

Reform history JSON API


		Value
		C0100
Operational risk	R0130
Loss-absorbing capacity of technical provisions	R0140
Loss-absorbing capacity of deferred taxes	R0150
Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC	R0160
Solvency capital requirement calculated on the basis of Art. 336 (a) of Delegated Regulation (EU) 2015/35, excluding capital add–on	R0200
Capital add-ons already set	R0210
of which, capital add-ons already set - Article 37 (1) Type a	R0211
of which, capital add-ons already set - Article 37 (1) Type b	R0212
of which, capital add-ons already set - Article 37 (1) Type c	R0213
of which, capital add-ons already set - Article 37 (1) Type d	R0214
Consolidated Group SCR	R0220
Other information on SCR
Capital requirement for duration-based equity risk sub-module	R0400
Total amount of Notional Solvency Capital Requirements for remaining part	R0410
Total amount of Notional Solvency Capital Requirements for ring fenced funds	R0420
Total amount of Notional Solvency Capital Requirements for matching adjustment portfolios	R0430
Diversification effects due to RFF nSCR aggregation for article 304	R0440
Minimum consolidated group solvency capital requirement	R0470
Information on other entities
Capital requirement for other financial sectors (Non-insurance capital requirements)	R0500
Capital requirement for other financial sectors (Non-insurance capital requirements) - Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies	R0510
Capital requirement for other financial sectors (Non-insurance capital requirements) - Institutions for occupational retirement provisions	R0520
Capital requirement for other financial sectors (Non-insurance capital requirements) - Capital requirement for non- regulated undertakings carrying out financial activities	R0530
Capital requirement for non-controlled participation	R0540
Capital requirement for residual related undertakings	R0550
Capital requirement for collective investment undertakings or investment packaged as funds	R0555
Overall SCR
SCR for undertakings included via D&A method	R0560
Total group solvency capital requirement	R0570

S.25.05.21 Solvency Capital Requirement - for undertakings using an internal model (partial or full)

Solvency Capital Requirement information


		Solvency Capital Requirement	Amount modelled	USP	Simplifications
		C0010	C0070	C0090	C0120
Risk type
Total diversification	R0020
Total diversified risk before tax	R0030
Total diversified risk after tax	R0040
Total market & credit risk	R0070
Market & Credit risk - diversified	R0080
Credit event risk not covered in market & credit risk	R0190
Credit event risk not covered in market & credit risk - diversified	R0200
Total Business risk	R0270
Total Business risk - diversified	R0280
Total Net Non-life underwriting risk	R0310
Total Net Non-life underwriting risk - diversified	R0320
Total Life & Health underwriting risk	R0400
Total Life & Health underwriting risk - diversified	R0410
Total Operational risk	R0510
Total Operational risk - diversified	R0520
Other risk	R0530

Calculation of Solvency Capital Requirement


		C0100
Total undiversified components	R0110
Diversification	R0060
Adjustment due to RFF/MAP nSCR aggregation	R0120
Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC	R0160
Solvency capital requirement excluding capital add-on	R0200
Capital add-ons already set	R0210
Capital add-ons already set - Article 37 (1) Type a	R0211
Capital add-ons already set - Article 37 (1) Type b	R0212
Capital add-ons already set - Article 37 (1) Type c	R0213
Capital add-ons already set - Article 37 (1) Type d	R0214
Solvency capital requirement	R0220
Other information on SCR
Amount/estimate of the overall loss-absorbing capacity of technical provisions	R0300
Amount/estimate of the overall loss-absorbing capacity of deferred taxes	R0310
Capital requirement for duration-based equity risk sub-module	R0400
Total amount of Notional Solvency Capital Requirements for remaining part	R0410
Total amount of Notional Solvency Capital Requirement for ring fenced funds	R0420
Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios	R0430
Diversification effects due to RFF nSCR aggregation for article 304	R0440
Method used to calculate the adjustment due to RFF nSCR aggregation	R0450
Net future discretionary benefits	R0460

S.25.02.21.04 Approach to tax rate


		Yes/No
		C0109
Approach based on average tax rate	R0590

S.25.02.21.05 Calculation of loss absorbing capacity of deferred taxes


		LAC DT
		C0130
Amount/estimate of LAC DT	R0640
Amount/estimate of LAC DT justified by reversion of deferred tax liabilities	R0650
Amount/estimate of LAC DT justified by reference to probable future taxable economic profit	R0660
Amount/estimate of AC DT justified by carry back, current year	R0670
Amount/estimate of LAC DT justified by carry back, future years	R0680
Amount/estimate of Maximum LAC DT	R0690

S.25.05.22 Solvency Capital Requirement - for groups using an internal model (partial or full)


		Solvency Capital Requirement	Amount modelled	USP	Simplifications
		C0010	C0070	C0090	C0120
Risk type
Total diversification	R0020
Total diversified risk before tax	R0030
Total diversified risk after tax	R0040
Total market & credit risk	R0070
Market & Credit risk - diversified	R0080
Credit event risk not covered in market & credit risk	R0190
Credit event risk not covered in market & credit risk - diversified	R0200
Total Business risk	R0270
Total Business risk - diversified	R0280
Total Net Non-life underwriting risk	R0310
Total Net Non-life underwriting risk - diversified	R0320
Total Life & Health underwriting risk	R0400
Total Life & Health underwriting risk - diversified	R0410
Total Operational risk	R0510
Total Operational risk - diversified	R0520
Other risk	R0530

Calculation of Solvency Capital Requirement


		C0100
Total undiversified components	R0110
Diversification	R0060
Adjustment due to RFF/MAP nSCR aggregation	R0120
Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC	R0160
Solvency capital requirement calculated on the basis of Art. 336 (a) of Delegated Regulation (EU) 2015/35, excluding capital add–on	R0200
Capital add-ons already set	R0210
Capital add-ons already set - Article 37 (1) Type a	R0211
Capital add-ons already set - Article 37 (1) Type b	R0212
Capital add-ons already set - Article 37 (1) Type c	R0213
Capital add-ons already set - Article 37 (1) Type d	R0214
Consolidated Group SCR	R0220
Other information on SCR
Amount/estimate of the overall loss-absorbing capacity of technical provisions	R0300
Amount/estimate of the overall loss-absorbing capacity of deferred taxes	R0310
Capital requirement for duration-based equity risk sub-module	R0400
Total amount of Notional Solvency Capital Requirements for remaining part	R0410
Total amount of Notional Solvency Capital Requirement for ring fenced funds	R0420
Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios	R0430
Diversification effects due to RFF nSCR aggregation for article 304	R0440
Minimum consolidated group solvency capital requirement	R0470
Information on other entities
Capital requirement for other financial sectors (Non-insurance capital requirements)	R0500
Capital requirement for other financial sectors (Non-insurance capital requirements) - Credit institutions, investment firms and financial institutions, alternative investment funds managers, UCITS management companies	R0510
Capital requirement for other financial sectors (Non-insurance capital requirements) - Institutions for occupational retirement provisions	R0520
Capital requirement for other financial sectors (Non-insurance capital requirements) - Capital requirement for non-regulated undertakings carrying out financial activities	R0530
Capital requirement for non-controlled participation	R0540
Capital requirement for residual related undertakings	R0550
Capital requirement for collective investment undertakings or investment packaged as funds	R0555
Overall SCR
SCR for undertakings included via D&A method	R0560
Total group solvency capital requirement	R0570

S.28.01.01 Minimum Capital Requirement - Only life or only non-life insurance or reinsurance activity

Linear formula component for non-life insurance and reinsurance obligations


		MCR components
		C0010
MCRNL Result	R0010

---	---	---
		Background information
		Net (of reinsurance/SPV) best estimate and TP calculated as a whole
		C0020
Medical expense insurance and proportional reinsurance	R0020
Income protection insurance and proportional reinsurance	R0030
Workers' compensation insurance and proportional reinsurance	R0040
Motor vehicle liability insurance and proportional reinsurance	R0050
Other motor insurance and proportional reinsurance	R0060
Marine, aviation and transport insurance and proportional reinsurance	R0070
Fire and other damage to property insurance and proportional reinsurance	R0080
General liability insurance and proportional reinsurance	R0090
Credit and suretyship insurance and proportional reinsurance	R0100
Legal expenses insurance and proportional reinsurance	R0110
Assistance and proportional reinsurance	R0120
Miscellaneous financial loss insurance and proportional reinsurance	R0130
Non-proportional health reinsurance	R0140
Non-proportional casualty reinsurance	R0150
Non-proportional marine, aviation and transport reinsurance	R0160
Non-proportional property reinsurance	R0170

Linear formula component for life insurance and reinsurance obligations


		C0040
MCRL Result	R0200

Total capital at risk for all life (re)insurance obligations


		Net (of reinsurance/SPV) best estimate and TP calculated as a whole	Net (of reinsurance/SPV) total capital at risk
		C0050	C0060
Obligations with profit participation - guaranteed benefits	R0210
Obligations with profit participation - future discretionary benefits	R0220
Index-linked and unit-linked insurance obligations	R0230
Other life (re)insurance and health (re)insurance obligations	R0240
Total capital at risk for all life (re)insurance obligations	R0250

Overall MCR calculation


		C0070
Linear MCR	R0300
SCR	R0310
MCR cap	R0320
MCR floor	R0330
Combined MCR	R0340
Absolute floor of the MCR	R0350
Minimum Capital Requirement	R0400

S.28.02.01 Minimum capital Requirement - Both life and non-life insurance activity


		MCR components	MCR components
		Non-life activities	Life activities
		MCR(NL, NL) Result	MCR(NL, L)Result
		C0010	C0020
Linear formula component for non-life insurance and reinsurance obligations	R0010

---	---	---	---
		Background information	Background information
		Non-life activities	Non-life activities
		Net (of reinsurance/ SPV) best estimate and TP calculated as a whole	Net (of reinsurance) written premiums in the last 12 months
		C0030	C0040
Medical expense insurance and proportional reinsurance	R0020
Income protection insurance and proportional reinsurance	R0030
Workers' compensation insurance and proportional reinsurance	R0040
Motor vehicle liability insurance and proportional reinsurance	R0050
Other motor insurance and proportional reinsurance	R0060
Marine, aviation and transport insurance and proportional reinsurance	R0070
Fire and other damage to property insurance and proportional reinsurance	R0080
General liability insurance and proportional reinsurance	R0090
Credit and suretyship insurance and proportional reinsurance	R0100
Legal expenses insurance and proportional reinsurance	R0110
Assistance and proportional reinsurance	R0120
Miscellaneous financial loss insurance and proportional reinsurance	R0130
Non-proportional health reinsurance	R0140
Non-proportional casualty reinsurance	R0150
Non-proportional marine, aviation and transport reinsurance	R0160
Non-proportional property reinsurance	R0170

---	---	---	---
		Non-life activities	Life activities
		MCR(L,NL) Result	MCR(L,L) Result
		C0070	C0080
Linear formula component for life insurance and reinsurance obligations	R0200

---	---	---	---
		Net (of reinsurance/SPV) best estimate and TP calculated as a whole	Net (of reinsurance/SPV) total capital at risk
		C0090	C0100
Obligations with profit participation - guaranteed benefits	R0210
Obligations with profit participation - future discretionary benefits	R0220
Index-linked and unit-linked insurance obligations	R0230
Other life (re)insurance and health (re)insurance obligations	R0240
Total capital at risk for all life (re)insurance obligations	R0250

Overall MCR calculation


		C0130
Linear MCR	R0300
SCR	R0310
MCR cap	R0320
MCR floor	R0330
Combined MCR	R0340
Absolute floor of the MCR	R0350
Minimum Capital Requirement	R0400
Notional non-life and life MCR calculation	Notional non-life and life MCR calculation	Non-life activities
---	---	---
Notional non-life and life MCR calculation	Notional non-life and life MCR calculation	C0140
Notional linear MCR	R0500
Notional SCR excluding add-on (annual or latest calculation)	R0510
Notional MCR cap	R0520
Notional MCR floor	R0530
Notional Combined MCR	R0540
Absolute floor of the notional MCR	R0550
Notional MCR	R0560

S.32.01.22 Undertakings in the scope of the group

Country	Identification code of the undertaking	Type of code of the ID of the undertaking	Legal Name of the undertaking	Type of undertaking	Legal form	Category (mutual/ non mutual)	Supervisory Authority	(cont.)
C0010	C0020	C0030	C0040	C0050	C0060	C0070	C0080

Criteria of influence	Criteria of influence	Criteria of influence	Criteria of influence	Criteria of influence	Criteria of influence	Inclusion in the scope of Group supervision	Inclusion in the scope of Group supervision	Group solvency calculation
---	---	---	---	---	---	---	---	---
% capital share	% used for the establishment of consolidated accounts	% voting rights	Other criteria	Level of influence	Proportional share used for group solvency calculation	Yes/No	Date of decision if art. 214 is applied	Method used and under method 1, treatment of the undertaking
C0180	C0190	C0200	C0210	C0220	C0230	C0240	C0250	C0260

ANNEX II

Instructions for the templates for the solvency and financial condition report of individual undertakings

This Annex contains instructions in relation to the templates in Annex I. The first column of the tables identifies the items to be disclosed by identifying the columns and rows as showed in the template in Annex I.

Templates which shall be filled in in accordance with the instructions of the different sections of this Annex are referred to as ‘this template’ throughout the text of the Annex.

S.02.01 – Balance sheet

General comments:

This section relates to the annual disclosure of information for individual entities.

The ‘Solvency II value’ column (C0010) shall be completed using the valuation principles set out in the Directive 2009/138/EC, Delegated Regulation (EU) 2015/35 and Solvency 2 Technical Standards and Guidelines.


	ITEM	INSTRUCTIONS
Assets
C0010/R0030	Intangible assets	Intangible assets other than goodwill. An identifiable non–monetary asset without physical substance.
C0010/R0040	Deferred tax assets	Deferred tax assets are the amounts of income taxes recoverable in future periods in respect of: (a) deductible temporary differences; (b) the carry forward of unused tax losses; or (c) the carry forward of unused tax credits.
C0010/R0050	Pension benefit surplus	This is the total of net surplus related to employees’ pension scheme.
C0010/R0060	Property, plant & equipment held for own use	Tangible assets which are intended for permanent use and property held by the undertaking for own use. It also includes property for own use under construction.
C0010/R0070	Investments (other than assets held for index–linked and unit–linked contracts)	This is the total amount of investments, excluding assets held for index–linked and unit–linked contracts.
C0010/R0080	Property (other than for own use)	Amount of the property, other than for own use. It also includes property under construction other than for own use.
C0010/R0090	Holdings in related undertakings, including participations	Participations as defined in Article 13(20) Directive 2009/138/EC and 212(2) of Directive 2009/138/EC and holdings in related undertakings as defined in Article 212(1), point (b), of Directive 2009/138/EC. Where parts of the assets regarding participation and related undertakings refer to unit and index linked contracts, those parts shall be disclosed in ‘Assets held for index–linked and unit–linked contracts’ in C0010/R0220.
C0010/R0100	Equities	This is the total amount of equities, listed and unlisted.
C0010/R0110	Equities – listed	Shares representing corporations’ capital, e.g. representing ownership in a corporation, negotiated on a regulated market or on a multilateral trading facility, as specified by Directive 2014/65/EU. Equities listed shall exclude holdings in related undertakings, including participations.
C0010/R0120	Equities – unlisted	Shares representing corporations’ capital, e.g. representing ownership in a corporation, not negotiated on a regulated market or on a multilateral trading facility, as specified by Directive 2014/65/EU. Equities unlisted shall exclude holdings in related undertakings, including participations.
C0010/R0130	Bonds	This is the total amount of government bonds, corporate bonds, structured notes and collateralised securities.
C0010/R0140	Government Bonds	Bonds issued by public authorities, whether by central governments, supranational government institutions, regional governments or local authorities and bonds that are fully, unconditionally and irrevocably guaranteed by the European Central Bank, Member States’ central government and central banks, multilateral development banks as referred to in Article 117(2) of Regulation (EU) No 575/2013 of the European Parliament and of the Council⁴, or international organisations as referred to in Article 118 of that Regulation, the regional governments and local authorities listed in Article 1 of Commission Implementing Regulation (EU) 2015/2011⁵, where the guarantee meets the requirements set out in Article 215 of Delegated Regulation (EU) 2015/35.
C0010/R0150	Corporate Bonds	Bonds issued by corporations
C0010/R0160	Structured notes	Hybrid securities, combining a fixed income (return in a form of fixed payments) instrument with a series of derivative components. Excluded from this category are fixed income securities that are issued by sovereign governments. Concerns securities that have embedded any categories of derivatives, including Credit Default Swaps (‘CDS’), Constant Maturity Swaps (‘CMS’), Credit Default Options (‘CDOp’).
C0010/R0170	Collateralised securities	Securities whose value and payments are derived from a portfolio of underlying assets, including Asset Backed Securities (‘ABS’), Mortgage Backed securities (‘MBS’), Commercial Mortgage Backed securities (‘CMBS’), Collateralised Debt Obligations (‘CDO’), Collateralised Loan Obligations (‘CLO’), Collateralised Mortgage Obligations (‘CMO’)
C0010/R0180	Collective Investments Undertakings	Collective investment undertaking means an undertaking for collective investment in transferable securities (‘UCITS’) as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council⁶ or an alternative investment fund (‘AIF’) as defined in Article 4(1), point (a), of Directive 2011/61/EU of the European Parliament and of the Council⁷.
C0010/R0190	Derivatives	A financial instrument or other contract with all three of the following characteristics: (a) its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’). (b) it requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors. (c) it is settled at a future date. Solvency II value, only if positive, of the derivative as of the reporting date is reported here (in case of negative value, see C0010/R0790).
C0010/R0200	Deposits other than cash equivalents	Deposits other than cash equivalents that cannot be used to make payments until before a specific maturity date and that are not exchangeable for currency or transferable deposits without any kind of significant restriction or penalty.
C0010/R0210	Other investments	Other investments not covered already within investments disclosed between R0070 and R0200.
C0010/R0220	Assets held for index–linked and unit–linked contracts	Assets held for index–linked and unit–linked contracts (classified in line of business 31 as specified in Annex I to Delegated Regulation (EU) 2015/35).
C0010/R0230	Loans and mortgages	This is the total amount of loans and mortgages, i.e. financial assets created when undertakings lend funds, either with or without collateral, including cash pools.
C0010/R0240	Loans on policies	Loans made to policyholders, collateralised on policies (underlying technical provisions).
C0010/R0250	Loans and mortgages to individuals	Financial assets created when creditors lend funds to debtors – individuals, with collateral or not, including cash pools.
C0010/R0260	Other loans and mortgages	Financial assets created when creditors lend funds to debtors – others, not classifiable in item R0240 or R0250, with collateral or not, including cash pools.
C0010/R0270	Reinsurance recoverables from:	This is the total amount of reinsurance recoverables. It corresponds to the amount of reinsurer share of technical provisions (including Finite reinsurance and SPV). This cell in particular includes all expected payments from reinsurers to the undertaking (or vice versa) which correspond to payments not yet made by the undertaking to policyholders (or by policyholders to the undertaking). All expected payments from reinsurers to the undertaking (or vice versa) corresponding to payments already made by the undertaking to policyholders (or by policyholders to the undertaking) should be included in reinsurance receivables (or reinsurance payables).
C0010/R0280	Non–life and health similar to non–life	Reinsurance recoverables in respect of technical provisions for non–life and health similar to non–life.
C0010/R0290	Non–life excluding health	Reinsurance recoverables in respect of technical provisions for non–life business, excluding technical provisions for health– similar to non –life
C0010/R0300	Health similar to non–life	Reinsurance recoverables in respect of technical provisions for health similar to non – life.
C0010/R0310	Life and health similar to life, excluding health and index–linked and unit–linked	Reinsurance recoverable in respect of technical provisions for life and health similar to life, excluding health and index–linked and unit–linked.
C0010/R0320	Health similar to life	Reinsurance recoverables in respect of technical provisions for health–similar to life.
C0010/R0330	Life excluding health and index–linked and unit–linked	Reinsurance recoverables in respect of technical provisions for life business, excluding technical provisions health–similar to life techniques and technical provisions for index–linked and unit–linked.
C0010/R0340	Life index–linked and unit–linked	Reinsurance recoverables in respect of technical provisions for life index–linked and unit–linked business.
C0010/R0350	Deposits to cedants	Deposits relating to reinsurance accepted.
C0010/R0360	Insurance and intermediaries receivables	Amounts for payment by policyholders, insurers and other linked to insurance business that are not included in technical provisions. It shall include receivables from reinsurance accepted.
C0010/R0370	Reinsurance receivables	This cell includes all expected payments (due and past-due) from reinsurers – linked to reinsurance business – to the undertaking that are not included in reinsurance recoverables. Those expected payments should not be included in the item "any other assets not elsewhere shown". This cell in particular should take into account all expected payments from reinsurers to the undertaking and which correspond to payments made by the undertaking to the policyholders. It also includes all expected payments (due and past-due) from reinsurers in relation to other than insurance events or those that have been agreed between the cedant undertaking and the reinsurer and where the amount of the expected payment is certain.
C0010/R0380	Receivables (trade, not insurance)	Includes amounts receivables from employees or various business partners (not insurance–related), including public entities.
C0010/R0390	Own shares (held directly)	This is the total amount of own shares held directly by the undertaking.
C0010/R0400	Amounts due in respect of own fund items or initial fund called up but not yet paid in	Value of the amount due in respect of own fund items or initial funds called up but not yet paid in.
C0010/R0410	Cash and cash equivalents	Notes and coin in circulation that are commonly used to make payments, and deposits exchangeable for currency on demand at par and which are directly usable for making payments by cheque, draft, giro order, direct debit/credit, or other direct payment facility, without penalty or restriction. Bank accounts shall not be netted off, thus only positive accounts shall be recognised in this item and bank overdrafts shown within liabilities unless where both legal right of offset and demonstrable intention to settle net exist.
C0010/R0420	Any other assets, not elsewhere shown	This is the amount of any other assets not already elsewhere included within balance sheet items.
C0010/R0500	Total assets	This is the overall total amount of all assets.
Liabilities
C0010/R0510	Technical provisions – non–life	Sum of the technical provisions non–life. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the minimum capital requirement (‘MCR’).
C0010/R0520	Technical provisions – non–life (excluding health)	This is the total amount of technical provisions for non – life business (excluding health). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.
C0010/R0530	Technical provisions – non–life (excluding health) – technical provisions calculated as a whole	This is the total amount of technical provisions calculated as whole (replicable/hedgeable portfolio) for non – life business (excluding health). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.
C0010/R0540	Technical provisions – non–life (excluding health) – Best estimate	This is the total amount of best estimate of technical provisions for non – life business (excluding health). Best estimate shall be disclosed gross of reinsurance. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.
C0010/R0550	Technical provisions – non–life (excluding health) – Risk margin	This is the total amount of risk margin of technical provisions for non – life business (excluding health). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.
C0010/R0560	Technical provisions – health (similar to non–life)	This is the total amount of technical provisions for health (similar to non – life). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of calculation of the MCR.
C0010/R0570	Technical provisions – health (similar to non – life) – technical provisions calculated as a whole	This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for health (similar to non–life). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0580	Technical provisions – health(similar to non –life) – Best estimate	This is the total amount of best estimate of technical provisions for health business (similar to non – life). Best estimate shall be disclosed gross of reinsurance. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0590	Technical provisions – health (similar to non – life) – Risk margin	This is the total amount of risk margin of technical provisions for health business (similar to non – life). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0600	Technical provisions – life (excluding index–linked and unit–linked)	Sum of the technical provisions life (excluding index–linked and unit–linked). This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0610	Technical provisions – health (similar to life)	This is the total amount of technical provisions for health (similar to life) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0620	Technical provisions – health (similar to life) – technical provisions calculated as a whole	This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for health (similar to life) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0630	Technical provisions – health (similar to life) – Best estimate	This is the total amount of best estimate of technical provisions for health (similar to life) business. Best estimate shall be disclosed gross of reinsurance. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0640	Technical provisions – health (similar to life) – Risk margin	This is the total amount of risk margin of technical provisions for health (similar to life) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0650	Technical provisions – life (excl. health and index–linked and unit–linked)	This is the total amount of technical provisions for life (excluding health and index – linked and unit – linked) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0660	Technical provisions – life (excl. health and index–linked and unit–linked) – technical provisions calculated as a whole	This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for life (excluding health and index – linked and unit – linked) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0670	Technical provisions – life (excl. health and index–linked and unit–linked) – Best estimate	This is the total amount of best estimate of technical provisions for life (excluding health and index – linked and unit – linked) business. Best estimate shall be disclosed gross of reinsurance. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0680	Technical provisions – life (excl. health and index–linked and unit–linked) – Risk margin	This is the total amount of risk margin of technical provisions for life (excluding health and index – linked and unit – linked) business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0690	Technical provisions – index–linked and unit–linked	This is the total amount of technical provisions for index – linked and unit – linked business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0700	Technical provisions – index–linked and unit–linked – technical provisions calculated as a whole	This is the total amount of technical provisions calculated as a whole (replicable/hedgeable portfolio) for index – linked and unit – linked business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0710	Technical provisions – index–linked and unit–linked – Best estimate	This is the total amount of best estimate of technical provisions for index – linked and unit – linked business. Best estimate shall be disclosed gross of reinsurance This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0720	Technical provisions – index–linked and unit–linked – Risk margin	This is the total amount of risk margin of technical provisions for index – linked and unit – linked business. This amount includes the apportionment from the transitional deduction to technical provisions in accordance with the proportionate methodology used for the purposes of MCR calculation.
C0010/R0740	Contingent liabilities	A contingent liability is: (a) a possible obligation that arises from past events and whose existence will be confirmed only by the occurrence or non–occurrence of one or more uncertain future events not wholly within the control of the entity; or (b) a present obligation that arises from past events even if: (i) it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation; or (ii) the amount of the obligation cannot be measured with sufficient reliability. The amount of contingent liabilities recognised in the balance sheet should follow the criteria set in Article 11 of Delegated Regulation (EU) 2015/35.
C0010/R0750	Provisions other than technical provisions	Liabilities of uncertain timing or amount, excluding the ones disclosed under ‘Pension benefit obligation’. The provisions are recognised as liabilities (assuming that a reliable estimate can be made) when they represent obligations and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligations.
C0010/R0760	Pension benefit obligations	This is the total net obligations related to employees’ pension scheme.
C0010/R0770	Deposits from reinsurers	Amounts (e.g. cash) received from reinsurer or deducted by the reinsurer in accordance with the reinsurance contract.
C0010/R0780	Deferred tax liabilities	Deferred tax liabilities are the amounts of income taxes payable in future periods in respect of taxable temporary differences.
C0010/R0790	Derivatives	A financial instrument or other contract with all three of the following characteristics: (a) its value changes in response to the change in a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating or credit index, or other variable, provided in the case of a non–financial variable that the variable is not specific to a party to the contract (sometimes called the ‘underlying’). (b) it requires no initial net investment or an initial net investment that is smaller than would be required for other types of contracts that would be expected to have a similar response to changes in market factors. (c) it is settled at a future date. Only derivative liabilities shall be disclosed on this row (i.e. derivatives with negative values as of the reporting date). Derivatives assets shall be disclosed under C0010/R0190. Undertakings which do not value derivatives in their local GAAP do not need to provide a financial statements value.
C0010/R0800	Debts owed to credit institutions	Debts, including mortgage and loans, owed to credit institutions, excluding bonds held by credit institutions (it is not possible for the undertaking to identify all the holders of the bonds that it issues) and subordinated liabilities. This also includes bank overdrafts.
C0010/R0810	Financial liabilities other than debts owed to credit institutions	Financial liabilities including bonds issued by undertaking (held by credit institutions or not), structured notes issued by the undertaking itself and mortgage and loans due to other entities than credit institutions. Subordinated liabilities shall not be included here.
C0010/R0820	Insurance and intermediaries payables	Amounts payable to policyholders, insurers and other business linked to insurance that are not included in technical provisions. Includes amounts payable to (re)insurance intermediaries (e.g. commissions due to intermediaries but not yet paid by the undertaking). Excludes loans and mortgages due to other insurance companies, if those loans and mortgages only relate to financing and are not linked to insurance business (such loans and mortgages shall be disclosed as financial liabilities). It shall include payables from reinsurance accepted.
C0010/R0830	Reinsurance payables	Amounts payable to reinsurers (in particular current accounts) other than deposits linked to reinsurance business that are not included in reinsurance recoverables, including payables from the undertaking to reinsurers in relation to other than insurance events. Includes payables to reinsurers that relate to ceded premiums. This cell includes all expected payments (due and past-due) from the undertaking to reinsurers that are not included in reinsurance recoverables. These should not be included in the item "any other liabilities not elsewhere shown". This cell in particular shall take into account all expected payments from the undertaking to reinsurers corresponding to payments made by the policyholders to the undertaking. It also includes all expected payments (due and past-due) to reinsurers in relation to other than insurance events or those that have been agreed between cedent and reinsurer and where the amount of the expected payment is certain.
C0010/R0840	Payables (trade, not insurance)	This is the total amount trade payables, including amounts due to employees, suppliers, etc. and not insurance–related, parallel to receivables (trade, not insurance) on asset side; includes public entities.
C0010/R0850	Subordinated liabilities	Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. This is the total of subordinated liabilities classified as Basic Own Funds and those that are not included in Basic Own Funds.
C0010/R0860	Subordinated liabilities not in Basic Own Funds	Subordinated liabilities are debts which rank after other specified debts when undertaking is liquidated. Other debts may be even more deeply subordinated. Only subordinated liabilities that are not classified in Basic Own Funds should be presented here.
C0010/R0870	Subordinated liabilities in Basic Own Funds	Subordinated liabilities classified in Basic Own Funds.
C0010/R0880	Any other liabilities, not elsewhere shown	This is the total of any other liabilities, not elsewhere already included in other Balance Sheet items.
C0010/R0900	Total liabilities	This is the overall total amount of all liabilities.
C0010/R1000	Excess of assets over liabilities	This is the total of undertaking’s excess of assets over liabilities, valued in accordance with Solvency II valuation basis. Value of the assets minus liabilities.

S.04.05 – Premiums, claims and expenses by country

General comments

This section relates to the annual disclosure of information for individual entities. Insurance and reinsurance undertakings are not required to disclose this information where the home country represents 90 % or more of the total gross written premiums.

The information in these templates shall include:

— all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements; and

— direct business and accepted reinsurance business.

This template shall be disclosed from an accounting perspective (i.e. local GAAP, or IFRS if accepted as local GAAP). It shall however be filled using the lines of business specified in Annex I to Delegated Regulation (EU) 2015/35. Undertakings shall use the recognition and valuation basis as for the published financial statements (i.e. no new recognition or re–valuation is required) except for the classification between investment contracts and insurance contracts where that classification is applicable in the financial statements.

Insurance and reinsurance undertakings shall report written/earned premiums as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless whether local GAAP or IFRS is used.

For the purposes of this template and in the case of direct insurance, the ‘country in which the risk is situated’ means:

(a) the country in which the property is situated, where the insurance relates either to buildings or to buildings and their contents, in so far as the contents are covered by the same insurance policy;

(b) the country of registration, where the insurance relates to vehicles of any type;

(c) the country where the policy holder took out the policy in the case of policies of a duration of four months or less covering travel or holiday risks, whatever the class concerned;

(d) the country in which the credit/receivable is situated, where the insurance relates to credit/receivables;

(e) in all cases not explicitly covered by points (a), (b), (c) or (d), the country in which either of the following is situated:

(i) the habitual residence of the policy holder; or

(ii) if the policy holder is a legal person, that policy holder’s establishment to which the contract relates.

For the purposes of this template and in the case of proportional or non-proportional reinsurance, the ‘country in which the risk is situated’ means the country of localisation of the ceding undertaking.

When considering non-life obligations:

(a) information shall be reported for the home country and for the top five non-home countries (by amount of gross written premium), or for sufficient countries (if fewer) to represent 90 % or more of total gross written premium; and

(b) all of the following lines of business shall be included:

(i) Medical expense insurance (direct and proportional reinsurance)

(ii) Income protection insurance (direct and proportional reinsurance)

(iii) Workers’ compensation insurance (direct and proportional reinsurance)

(iv) Motor vehicle liability insurance (direct and proportional reinsurance)

(v) Other motor insurance (direct and proportional reinsurance)

(vi) Marine, aviation and transport insurance (direct and proportional reinsurance)

(vii) Fire and other damage to property insurance (direct and proportional reinsurance)

(viii) General liability insurance (direct and proportional reinsurance)

(ix) Credit and suretyship insurance (direct and proportional reinsurance)

(x) Legal expenses insurance (direct and proportional reinsurance)

(xi) Assistance (direct and proportional reinsurance)

(xii) Miscellaneous financial loss (direct and proportional reinsurance)

(xiii) Non–proportional health reinsurance

(xiv) Non–proportional casualty reinsurance

(xv) Non–proportional marine, aviation and transport reinsurance

(xvi) Non–proportional property reinsurance

When considering life obligations:

(a) information shall be reported for the home country and for the top five non-home countries (by amount of gross written premium), or for sufficient countries (if fewer) to represent 90 % or more of total gross written premium; and

(b) all of the following lines of business shall be included:

(i) Health insurance

(ii) Insurance with profit participation

(iii) Index–linked and unit–linked insurance

(iv) Other life insurance

(v) Annuities stemming from non–life insurance contracts and relating to health insurance obligations

(vi) Annuities stemming from non–life insurance contracts and relating to insurance obligations other than health insurance obligations

(vii) Health reinsurance

(viii) Life reinsurance


	ITEM	INSTRUCTIONS
Home country: Non-life insurance and reinsurance obligations	Home country: Non-life insurance and reinsurance obligations	Home country: Non-life insurance and reinsurance obligations
C0010/R0020	Business located in country of establishment: Gross Written Premium (direct)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country of establishment and for direct non-life insurance business.
C0010/R0021	Business located in country of establishment: Gross Written Premium (proportional reinsurance)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country of establishment and for proportional non-life reinsurance business.
C0010/R0022	Business located in country of establishment: Gross Written Premium (non-proportional reinsurance)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country of establishment and for non-proportional non-life reinsurance business.
C0010/R0030	Business located in country of establishment: Gross Earned Premium (direct)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country of establishment and for direct non-life insurance business.
C0010/R0031	Business located in country of establishment: Gross Earned Premium (proportional reinsurance)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country of establishment and for proportional non-life reinsurance business.
C0010/R0032	Business located in country of establishment: Gross Earned Premium (non-proportional reinsurance)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country of establishment and for non-proportional non-life reinsurance business.
C0010/R0040	Business located in country of establishment: Claims incurred (direct)	Claims incurred in the reporting period as defined in Directive 91/674/EEC of the Council⁸, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country of establishment and for direct non-life insurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0010/R0041	Business located in country of establishment: Claims incurred (proportional reinsurance)	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country of establishment and for proportional non-life reinsurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0010/R0042	Business located in country of establishment: Claims incurred (non-proportional reinsurance)	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country of establishment and for non-proportional non-life reinsurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0010/R0050	Business located in country of establishment: Gross Expenses Incurred (direct)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country of establishment and for direct non-life insurance business.
C0010/R0051	Business located in country of establishment: Gross Expenses Incurred (proportional reinsurance)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country of establishment and for proportional non-life reinsurance business.
C0010/R0052	Business located in country of establishment: Gross Expenses Incurred (non-proportional reinsurance)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country of establishment and for non-proportional non-life reinsurance business.
Top 5 countries (by amount of gross premiums written): Non-life insurance and reinsurance obligations	Top 5 countries (by amount of gross premiums written): Non-life insurance and reinsurance obligations	Top 5 countries (by amount of gross premiums written): Non-life insurance and reinsurance obligations
R0010	Country	ISO 3166–1 alpha–2 code of the country in which the risk is situated
C0020/R0020	Business located in the considered country: Gross Written Premium (direct)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country considered and for direct non-life insurance business.
C0020/R0021	Business located in the considered country: Gross Written Premium (proportional reinsurance)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country considered and for proportional non-life reinsurance business.
C0020/R0022	Business located in the considered country: Gross Written Premium (non-proportional reinsurance)	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for business where the risk is located in the country considered and for non-proportional non-life reinsurance business.
C0020/R0030	Business located in the considered country: Gross Earned Premium (direct)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country considered and for direct non-life insurance business.
C0020/R0031	Business located in the considered country: Gross Earned Premium (proportional reinsurance)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country considered and for proportional non-life reinsurance business.
C0020/R0032	Business located in the considered country: Gross Earned Premium (non-proportional reinsurance)	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country considered and for non-proportional non-life reinsurance business.
C0020/R0040	Business located in the considered country: Claims incurred (direct)	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country considered and for direct non-life insurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0020/R0041	Business located in the considered country: Claims incurred (proportional reinsurance)	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country considered and for proportional non-life reinsurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0020/R0042	Business located in the considered country: Claims incurred (non-proportional reinsurance)	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country considered and for non-proportional non-life reinsurance business. The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0020/R0050	Business located in the considered country: Gross Expenses Incurred (direct)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country considered and for direct non-life insurance business.
C0020/R0051	Business located in the considered country: Gross Expenses Incurred (proportional reinsurance)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country considered and for proportional non-life reinsurance business.
C0020/R0052	Business located in the considered country: Gross Expenses Incurred (non-proportional reinsurance)	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country considered and for non-proportional non-life reinsurance business.
Home country: Life insurance and reinsurance obligations	Home country: Life insurance and reinsurance obligations	Home country: Life insurance and reinsurance obligations
C0030/R1020	Business located in country of establishment: Gross Written Premium	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of whether such amounts relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country of establishment and for life insurance business (direct and reinsurance).
C0030/R1030	Business located in country of establishment: Gross Earned Premium	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country of establishment and for life insurance business (direct and reinsurance).
C0030/R1040	Business located in country of establishment: Claims incurred	Claims incurred in the reporting period as laid down in Article 38 of Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country of establishment and for life insurance business (direct and reinsurance). The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0030/R1050	Business located in country of establishment: Gross Expenses Incurred	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country of establishment and for life insurance business (direct and reinsurance).
Top 5 countries (by amount of gross premiums written): Life insurance and reinsurance obligations	Top 5 countries (by amount of gross premiums written): Life insurance and reinsurance obligations	Top 5 countries (by amount of gross premiums written): Life insurance and reinsurance obligations
R1010	Country	ISO 3166–1 alpha–2 code of the country in which the risk is situated
C0040/R1020	Business located in the considered country: Gross Written Premium	Gross premiums written shall comprise all amounts due during the financial year in respect of insurance contracts, regardless of the fact that such amounts may relate in whole or in part to a later financial year. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. Only for the business where the risk is located in the country considered and for life insurance business (direct and reinsurance).
C0040/R1030	Business located in the considered country: Gross Earned Premium	The sum of gross premiums written minus the change in the gross provision for unearned premiums. Only for the business where the risk is located in the country considered and for life insurance business (direct and reinsurance).
C0040/R1040	Business located in the considered country: Claims incurred	Claims incurred in the reporting period as defined in Directive 91/674/EEC, where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims during the financial year related to insurance contracts. Only for the business where the risk is located in the country considered and for life insurance business (direct and reinsurance). The figure for claims incurred shall exclude claims management expenses and the movement in provisions in claims management expenses.
C0040/R1050	Business located in the considered country: Gross Expenses Incurred	All technical expenses incurred by the undertaking during the reporting period, on accrual basis. Only for the business where the risk is located in the country considered and for life insurance business (direct and reinsurance).

S.05.01 – Premiums, claims and expenses by line of business

General comments:

This section relates to the annual disclosure of information for individual entities.

This template shall be reported from an accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP but using SII lines of business. Undertakings shall use the recognition and valuation basis as for the published financial statements, no new recognition or re-valuation is required unless otherwise stated in these instructions, except for the classification between investment contracts and insurance contracts or different reporting requirements when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.

Insurance and reinsurance undertakings shall disclose written/earned premiums as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless whether a local GAAP or IFRS is used.

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