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S.29.04 — Detailed analysis per period — Technical flows versus Technical provisions

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S.29.04 — Detailed analysis per period — Technical flows versus Technical provisions

General comments:

This section relates to annual submission of information for individual entities.

This template shall be completed on the basis of Solvency II valuation, i.e. written premiums are defined as the premiums due to be received by the undertaking in the period. Applying this definition means that written premiums in the given year are the premiums actually due to be received in that year, regardless of the coverage period. The definition of written premiums is consistent with the definition of ‘premium receivables’.

Undertakings are required to report data on an accident year or underwriting year basis, in accordance with any requirements of the National Supervisory Authority. If the National Supervisory Authority has not stipulated which to use then the undertaking may use accident or underwriting year according to how they manage each line of business, provided that they use the same year consistently, year on year.

As regards the split per Lines of business for the analysis per period, line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, shall refer to both direct business and accepted proportional reinsurance.

	ITEM	INSTRUCTIONS
Z0010	Lines of Business	Lines of business (LoB) for which a split of the analysis per period will be required. The following close list shall be used:
		1 — 1 and 13 Medical expense insurance
		2 — 2 and 14 Income protection insurance
		3 — 3 and 15 Workers’ compensation insurance
		4 — 4 and 16 Motor vehicle liability insurance
		5 — 5 and 17 Other motor insurance
		6 — 6 and 18 Marine, aviation and transport insurance
		7 — 7 and 19 Fire and other damage to property insurance
		8 — 8 and 20 General liability insurance
		9 — 9 and 21 Credit and suretyship insurance
		10 — 10 and 22 Legal expenses insurance
		11 — 11 and 23 Assistance
		12 — 12 and 24 Miscellaneous financial loss
		25 — Non-proportional health reinsurance
		26 — Non-proportional casualty reinsurance
		27 — Non-proportional marine, aviation and transport reinsurance
		28 — Non-proportional property reinsurance

Solvency II software

		37 — Life (including lines of business 30, 31, 32, 34 and 36, as defined in Annex I to Delegated Regulation (EU) 2015/35) 38 — Health SLT (including lines of business 29, 33 and 35)
Detailed analysis per period — Technical flows versus Technical provisions — UWY
Risks accepted during period
C0010/R0010	Written premiums underwritte n during period	Part of the written premiums during the period that corresponds to contracts underwritten during the year. Allocation keys may be used to identify this part of the total written premiums under Solvency II affected to contracts underwritten during the year.
C0010/R0020	Claims and benefits — net of salvages and subrogation s recovered	Part of the claims and benefits, net of salvages and subrogations during the period that corresponds to risks accepted during the period. Allocation keys may be used to identify this part of the total claims, as long as this reconciles at the end to total claims and benefits net of salvages and subrogations as reported in C0100/R0320 from S.29.03 and C0110/R0320 from S.29.03.
C0010/R0030	Expenses (related to insurance and reinsurance obligations)	Part of the expenses during the period that corresponds to risks accepted during the period. Allocation keys may be used to identify this part of the total expenses, as long as this reconciles at the end to total expenses as reported in C0100/R0330 from template S.29.03 plus C0110/R0330 from template S.29.03.
C0010/R0040	Variation of Best Estimate	Corresponds to the variation of Best Estimate for risk accepted during the period.

C0010/R0050	Variation of Technical Provisions as a whole	Part of TP calculated as a whole corresponding to risks accepted during period. Allocation keys may be used to identify this part of the total variation of TP calculated as a whole, as long as this reconciles at the end to total.
C0010/R0060	Net variation for index linked and unit-linked business	Amount shall represent the net variation, in Balance Sheet, of the Assets held for index–linked and unit–linked funds and of technical provisions – index-linked and unit-linked (calculated as best estimate and risk margin or calculate as a whole).
C0010/R0070	Total	Total impact from risks accepted during period — gross of reinsurance).
Risks accepted prior to period C0020/R0010	Written premiums on contract underwritte n during period	Part of the written premiums during the period that corresponds to contracts underwritten prior to period. See instructions on C0010/R0010.
C0020/R0020	Claims and benefits — net of salvages and subrogation s recovered	Part of the claims and benefits, net of salvages and subrogations during the period that corresponds to risks accepted prior to period. See instructions on C0010/R0020.
C0020/R0030	Expenses (related to insurance and reinsurance obligations)	Part of the expenses during the period that corresponds to risks accepted prior to period. See instructions on C0010/R0030.
C0020/R0040	Variation of BE	Variation of BE due to year N projected in and out flows – risks accepted prior to period (gross of reinsurance) Total for all reported line of business, as defined in Annex I to Delegated Regulation (EU) 2015/35, shall correspond to the sum of cells C0010/R0060 to

Solvency II software

		C0010/R0100 from template S.29.03 and C0020/R0060 to C0020/R0100 from template S.29.03.
C0020/R0050	Variation of Technical Provisions as a whole	Part of TP calculated as a whole corresponding to risks accepted prior to period. See instructions on C0010/R0050.
C0020/R0060	Net variation for index linked and unit-linked business	See instructions on C0010/R0060.
C0020/R0070	Total	Total of changes related to risks accepted to prior, gross of reinsurance.
Detailed analysis per period — Technical flows versus Technical provisions — AY
Risks covered after the period
C0030/R0080	Written premiums	Corresponds to part of written premiums related to risks covered after the period, i.e. premiums to be earned after the period. In addition, allocation keys may be used to identify this part of the premiums affected to risks covered after the period.
C0030/R0090	Claims and benefits — net of salvages and subrogation s recovered	Corresponds to part of claims and benefits, net of salvages and subrogations related to risks covered after the period (theoretically at nil). See instructions on C0010/R0020.
C0030/R0100	Expenses (related to insurance and	Part of the expenses during the period that corresponds to risks covered after the period. See instructions on C0010/R0030.

	reinsurance obligations)
C0030/R0110	Variation of Best Estimate	This variation of BE shall correspond to the sum of cells C0050/R0190 from template S.29.03 and C0060/R0190 from template S.29.03. if the analysis in S.29.03 is performed on a line of business basis.
		The amount refers to changes in (part of) Premiums Provisions (i.e. in relation to all recognised obligations within the boundary of the contract at the valuation date where the claim has not yet occurred) as follows:
		– Identify the part of premiums provisions at end of year (N) related to a coverage period starting after the closing year-end N
		– Identify the part of premiums provisions at the end of year (N – 1) related to a coverage period starting after the closing year-end N (i.e. in case of premiums provisions in relation to obligations on more than one future reporting period)
		In case Premiums Provisions at year end (N – 1) includes amount for which claims occurred during year N, this amount shall not be considered in Variation of BE on risks covered after the period, but, instead in Variation of BE on risks covered during the period, as this provision turned to Claims provisions.
C0030/R0120	Variation of Technical Provisions as a whole	Part of TP calculated as a whole corresponding to risks covered after the period. See instructions on C0010/R0050.
C0030/R0130	Net variation for index linked and unit-linked business	This cell is deemed not applicable for Non–Life See instructions on C0010/R0060.
C0030/R0140	Total	Total changes related to risks covered after the period, gross of reinsurance.
Risks covered during the period

C0040/R0080	Written premiums	Corresponds to part of written premiums related to risks covered during the period, i.e. earned premiums under Solvency II principles. In addition, allocation keys may be used to identify this part of the premiums affected to risks covered after the period.
C0040/R0090	Claims and benefits — net of salvages and subrogation s recovered	Corresponds to part of claims and benefits, net of salvages and subrogations related to risks covered during the period. See instructions on C0010/R0020.
C0040/R0100	Expenses (related to insurance and reinsurance obligations)	Part of the expenses during the period that corresponds to risks covered during the period. See instructions on C0010/R0030.
C0040/R0110	Variation of Best Estimate	Amount of the variation of best estimate for the risks covered during the period. For risks covered during the period: this variation of BE shall correspond to the sum of cells C0050/R0200 from template S.29.03 and C0060/R0200 from template S.29.03. if the analysis in S.29.03 is performed on a line of business basis. The amount refers to the following cases: a) Premiums Provisions at Year end N–1 which turned to Claims Provisions at year end N because claim has occurred during the period b) Claims provisions related to claims occurred during the period (for which there was no Premiums provisions at year end N – 1) Calculation may be as follows: – Identify the part of claims provisions at year-end (N) related to risks covered during the period. – Identify the part of premiums provisions at year end (N – 1) related to risks covered during the period. Derive the variation from the two figures.

C0040/R0120	Variation of Technical Provisions as a whole	Part of TP calculated as a whole corresponding to risks covered during period. See instructions on C0010/R0050.
C0040/R0130	Net variation for index linked and unit-linked business	This cell is deemed not applicable for Non–Life See instructions on C0010/R0060.
C0040/R0140	Total	Total changes related to risks covered during period, gross of reinsurance.
Risks covered prior to period C0050/R0080	Written premiums	Corresponds to part of written premiums related to risks covered prior to the period, i.e. earned premiums under Solvency II principles (when the premium is only due after the coverage period). In addition, allocation keys may be used to identify this part of the premiums.
C0050/R0090	Claims and benefits — net of salvages and subrogation s recovered	Corresponds to part of claims and benefits, net of salvages and subrogations related to risks covered prior to the period. See instructions on C0010/R0020.
C0050/R0100	Expenses (related to insurance and reinsurance obligations)	Part of the expenses during the period that corresponds to risks covered prior to the period. See instructions on C0010/R0030.
C0050/R0110	Variation of Best Estimate	For risks covered prior to period corresponds to year N projected in and out technical flows for risks accepted prior to period. For risks covered prior to the period this variation of BE shall correspond to the sum of cells R0210/C0050-C0060 to R0250/C0050–C0060 from template S.29.03 if the analysis in S.29.03 is performed on a line of business basis.

		The calculation may be as follows:
		– Consider part of the Opening Best Estimate related to risks covered prior to period, i.e. Opening Best Estimate excluding Premiums provisions;
		– Isolate the amount of cash flows (cash in minus cash out) that were projected within this opening Best Estimate for the period considered;
		– This isolated amount of cash flow shall come in addition to Opening Best Estimate (for neutralisation effect).
C0050/R0120	Variation of Technical Provisions as a whole	Part of technical provisions as a whole corresponding to risks covered prior to period. See comment on C0010/R0050
C0050/R0130	Net variation for index linked and unit-linked business	This cell is deemed not applicable for Non–Life See instructions on C0010/R0060.
C0050/R0140	Total	Total changes related to risks covered prior to period, gross of reinsurance.