S.04.03 — Basic Information – List of underwriting entities Solo

S.04.03 — Basic Information – List of underwriting entities

General comments

This section relates to annual submission of information for individual insurance and reinsurance undertakings only.

The reporting instructions for template S.04.03 should be read in conjunction with the reporting instructions for S.04.04 and S.04.05. Across these three templates, entities shall report all business from two distinct perspectives: location of underwriting and location of risk.

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 reported from an accounting perspective (i.e. Local GAAP, or IFRS if accepted as local GAAP); however, it shall be fulfilled using the lines of business as defined 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 when this is applicable in the financial statements.

The information in these templates shall be presented gross, without deduction of reinsurance ceded.

For the purposes of this template ‘country of establishment’ means:

• a) The country where the insurance undertaking is authorised (home country) when the contract was not sold through a branch; and
• b) The country where the branch is located (host country) when the contract was sold through a branch.

For the purposes of this template, an intermediary is not considered to be a separate underwriting entity. If an intermediary is used, or in any other situation, the country of establishment is either a) or b) depending on who sold the contract.