Question ID: 1045
Regulation Reference: (EU) No 2015/2452 - procedures, formats and templates of the solvency and financial condition report
Article: 51
Status: Final
Date of submission: 11 Jan 2017
Question
We have a wholly owned subsidiary situated in a non EEA member state. We exclude the participation value in our MVBS balance sheet.
Can you advise if we should exclude the transactions for this subsidiary from our P+L i.e. premium, claims and commission related to the non-EEA subsidiary.
EIOPA answer
If the wholly owned subsidiary situated in a non EEA member state is an insurance subsidiary fully consolidated the amounts of premiums, claims and expenses should be reported in template S.05.01.