Question ID: 2670
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Template: S.14.02, S.17.03
Status: Final
Date of submission: 05 Jun 2023
Question
Regards the new S.14.02 QRT for 2.8 and the associated LOG guidance (in the draft business package supporting SII taxonomy 2.8.0). Would the following be an acceptable implementation for reconciliation checking of C0120 with S.17.03 (e.g. in Plausibility tests):
1. If S.17.03.01 CCCC R0010 <> 0 then S.14.02 C0120 should include S.01.02 R0050 with a test for each column in S.17.03 for columns C0020 through C0130 and the matching LoB in S.14.02 C0010 (where S.14.02 C0020 = “”, to exclude product level records in S.14.02).
2. If S.17.03.01.02 CCCC R0100 <> 0 then S.14.02 C0120 should include S.17.03.01.02 C0010 with a test for each column in S.17.03 for columns C0020 through C0130 and the matching LoB in S.14.02 C0010 (where S.14.02 C0020 = “”, to exclude product level records in S.14.02).
EIOPA answer
The first statement may not always be correct for the following reasons:
- For scenarios where the Line of Business consists entirely of one Product category, only the row of the specific product category should be reported. Therefore, the constraint described in the parentheses may not hold for all rows.
- Further, it is possible for the Home Country to represent a small part (i.e. less than 10%) of the written premiums for a given LoB, leading to the premium being reported together with other non-material countries.
The second test should hold, except for scenarios where a product category encompasses an entire Line of Business, resulting in only one row being reported for this LoB.