Question ID: 3037
Regulation Reference: (EU) 2023/894 - ITS with regard to the templates for the submission of information necessary for supervision
Topic: Reporting Templates
Article: S.14.03 - Cyper underwriting risk
Template: S.14.03
Status: Final
Date of submission: 14 Mar 2024
Question
C0060 – Description of Risk(s) included in the coverage. Could you please confirm where the business interruption risk is included in the list and should be indicated if it is insured. In (22) only the contingent business interruption risk is listed separately. In the german ITS the translation of contingent business interruption is „business interruption“/Betriebsunterbrechung. Does the above definition of contingent business interruption include business interruption?
EIOPA answer
For the purpose of C0060 in template S.14.03, the expression of contingent business interruption includes any type of business interruption risk that affects the policyholders.