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    S.31.01 — Share of reinsurers (including Finite Reinsurance and SPV's) Group

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    S.31.01 — Share of reinsurers (including Finite Reinsurance and SPV's) PDF · reporting-explanations/EIOPA_Solvency_II/2.8.0/EIOPA_S.31.01_group.pdf
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    Converted from the official instructions so it can be searched and copied. The PDF above is the document of record.

    S.31.01 — Share of reinsurers (including Finite Reinsurance and SPV’s)

    General comments:

    This section relates to the annual submission of information for groups.

    This template shall be filled by the insurance and reinsurance groups where a recoverable is recognised by related insurance undertakings in relation to the EEA or Non-EEA-reinsurer which is not in the scope of the group (even if all contracts with that reinsurer have terminated).

    The template collects information on reinsurers and not on separate treaties. All ceded technical provisions, including those ceded under Finite reinsurance (as defined in S.30.03 Column C0060 of Annex II), shall be completed. This also means that if an SPV or a syndicate of Lloyd’s acts as a reinsurer the SPV or the syndicate must be listed.

    ITEMINSTRUCTIONS
    C0010Legal name of
    reinsured
    undertaking    		Name of reinsured entity, identifying the cedent
    (re)insurance undertaking. This item is only applicable to
    groups.
    C0020Identification
    code of the
    undertaking    		Identification code of the undertaking, using the following
    priority:
    – Legal Entity Identifier (LEI) mandatory if existing;
    – Specific code in case of absence of LEI code.
    When the undertaking uses the option ‘Specific code’ the
    following shall be considered:
    – For
    non-EEA
    undertakings
    and
    non-regulated
    undertakings within the scope of group supervision,
    identification code provided will be provided by the
    group. When allocating an identification code to
    each non-EEA or non-regulated undertaking, it
    should comply
    with the following format in a
    consistent manner:
    identification code of the parent undertaking + ISO
    3166–1
    alpha–2
    code
    of
    the
    country
    of
    the
    undertaking + 5 digits
    C0030Type of code of
    the ID of the
    undertaking    		Type of ID Code used for the ‘Identification code of the
    undertaking’ item. One of the options in the following
    closed list shall be used:
    1 — LEI
    2 — Specific code
    C0040Code reinsurerIdentification code of the reinsurer by this order of priority:
    – Legal Entity Identifier (LEI);
    – Specific code attributed by the undertaking
    C0050Type of code
    Reinsurer    		Identification of the code used in item ‘Code reinsurer’. The
    following closed list shall be used:
    1 — LEI
    2 — Specific code
    C0060Reinsurance
    recoverables — Premium
    provision Non – life including
    Non-SLT
    Health    		The amount of share of the reinsurer in the recoverables
    from reinsurance (including Finite Re and SPV) before the
    adjustment for expected losses due to the counterparty
    default, in the best estimate of the premium provisions
    calculated as the expected present value of future incoming
    and outgoing cash flows.
    C0070Reinsurance
    recoverables — Claims
    provisions
    Non-life
    including Non – SLT Health    		The amount of share of the reinsurer in the recoverables
    from reinsurance (including Finite Re and SPV) before the
    adjustment for expected losses due to the counterparty
    default, in the best estimate of the claims provisions.
    C0080Reinsurance
    recoverables — Technical
    provisions Life
    including SLT
    Health    		The amount of share of the reinsurer in the recoverables
    from reinsurance (including Finite Re and SPV) before the
    adjustment for expected losses due to the counterparty
    default, in the best estimate of the technical provisions.
    C0090Adjustment for
    expected losses
    due to
    counterparty
    default    		Per reinsurer the adjustment for expected losses due to
    counterparty default. The adjustment shall be calculated
    separately and must be in line with Delegated Regulation
    (EU) 2015/35.
    This value shall be reported as negative value.
    C0100Reinsurance
    recoverables:
    Total
    reinsurance
    recoverables    		The result of ceded technical provisions (i.e. claims +
    premiums provisions), including the adjustment for
    expected losses due to counterparty default.
    C0110Net receivablesThe amounts past due resulting from: claims paid by the
    insurer but not yet reimbursed by the reinsurer plus
    commissions to be paid by the reinsurer and other
    receivables minus debts to the reinsurer. Cash deposits are
    excluded and are to be considered as guarantees received.
    C0120Assets pledged
    by reinsurer    		Amount of assets pledged by the reinsurer to mitigate the
    counterparty default risk of the reinsurer.
    C0130Financial
    guarantees    		Amount of guarantees received by the undertaking from the
    reinsurer to guarantee the payment of the liabilities due by
    the undertaking (includes letter of credit, undrawn
    committed borrowing facilities).
    C0140Cash depositsAmount of cash deposits received by the undertaking from
    the reinsurers.
    C0150Total
    guarantees
    received    		Total amount of types of guarantees.
    Corresponds to the sum of the amounts reported in C0120,
    C0130 and C0140.
    C0155CurrencyWhere applicable, identify the ISO 4217 alphabetic code of
    the currency of the reinsurance recoverables.
    The breakdown by currency us only be required to cover
    90% of reinsurance recoverables. For the remaining 10% it
    is possible to group it under “other currencies”.
    Information
    on
    reinsurers
    C0160Code reinsurerIdentification code of the reinsurer by this order of priority:
    – Legal Entity Identifier (LEI);
    – Specific code attributed by the undertaking
    C0170Type of code
    Reinsurer    		Identification of the code used in item ‘Code reinsurer’. The
    following closed list shall be used:
    1 — LEI
    2 — Specific code
    C0180Legal name
    reinsurer    		Legal name of the reinsurer to whom the underwriting risk
    has been transferred. The official name of the risk-carrier
    reinsurer is stated in the reinsurance contract. It is not
    permitted to fill in the name of a reinsurance broker. Nor is
    it permitted to state a general or incomplete name as
    international reinsurers have several operating companies
    that may be based in different countries.
    In case of pooling arrangements, the name of the Pool (or
    Pool manager) can be filled only if the Pool is a legal entity.
    C0190Type of
    reinsurer    		Type of reinsurer to whom the underwriting risk has been
    transferred.
    The following closed list shall be used:
    1 — Direct Life insurer
    2 — Direct Non-life insurer
    3 — Direct Composite insurer
    4 — Captive insurance undertaking
    5 — Internal reinsurer (reinsurance undertaking which
    primary focus is to take risk from other insurance
    undertakings within the scope of group supervision)
    6 — External reinsurer (reinsurance undertaking that takes
    risks from undertakings other than from insurance
    undertakings within the scope of group supervision)
    7 — Captive reinsurance undertaking
    8 — Special purpose vehicle
    9 — Pool entity (where more than one insurance or
    reinsurance undertakings are involved)
    10 — State pool
    C0200Country of
    residency    		Identify the ISO 3166–1 alpha–2 code for the country where
    the reinsurer is legally authorised/licensed.
    C0210External ratingThe actual/current rating that is considered by the group.
    assessment by
    nominated
    ECAI    		If the rating is not available the item shall be left blank and
    the reinsurer shall be identified as ‘9 — no rating available’
    in column C0230 (Credit quality step).
    This item is not applicable to reinsurers for which
    undertakings using internal model use internal ratings. If
    undertakings using internal model do not use internal rating,
    this item shall be reported.
    In case ‘Multiple ECAI’ is reported in C0220 report the
    most representative external rating.
    C0220Nominated
    ECAI    		Identify the credit assessment institution (ECAI) giving the
    external rating in C0210, by using the name of the ECAI as
    published on ESMA’s website. In case of ratings issued by
    subsidiaries of the ECAI please report the parent ECAI (the
    reference is to ESMA list of credit rating agencies registered
    or certified in accordance with Regulation (EC) No
    1060/2009 of the European Parliament and of the Council of
    16 September 2009 on credit rating agencies).
    —
    C0230Credit quality
    step    		Identify the credit quality step attributed to the reinsurer.
    The credit quality step shall reflect any readjustments to the
    credit quality made internally by the group that use the
    standard formula.
    One of the options in the following closed list shall be used:
    0 — Credit quality step 0
    1 — Credit quality step 1
    2 — Credit quality step 2
    3 — Credit quality step 3
    4 — Credit quality step 4
    5 — Credit quality step 5
    6 — Credit quality step 6
    9 — No rating available
    C0240Internal ratingInternal rating of the reinsurer for groups using internal
    model to the extent that the internal ratings are used in their
    internal modelling. If an internal model undertaking is using
    solely external ratings this item shall not be reported.