80. CFO Forum & CRO BS-C1- cell We oppose the inclusion of unit-linked in D1 and therefore all Forum A12 numbers in relation to UL fund assets should be included as one line Noted item in the balance sheet. 81. Danish Insurance BS-C1- cell It should be specified whether derivatives attached to Unit-linked Following the approach Association A12 contracts with a negative value (from D2O) should be included in the for A10A that only A12-sum. Or if they are to be included in the liabilities in cell L16. positive values should be reported in this item, the same approach should be kept for A12. 82. German Insurance BS-C1- cell This comment applies to A12 AS12. Please see comment n. – Association (GDV) A12 79 Confirmation is required that is it no longer required to separately split out assets held to cover linked assets. This is not required by IFRS. 83. The Directorate BS-C1- cell The assets held for unit-linked contracts are only reported on an More detailed General Statistics A12 aggregated basis (total). It would be good to have the breakdown by information will be (DG-S) of the E instrument (as for the non-unit linked contracts. The breakdown of gained via D1. assets held for unit-linked contracts would be needed, mainly to analyse insurers’ investment portfolios and their impact on the pricing and liquidity of financial markets. 84. The Phoenix Group BS-C1- cell Please provide further clarification of the definition of held for All index-linked and ‘Assets A12 index-linked and unit-linked funds’? Is the intention to include funds assets will certain Insurance products (e.g. Index-linked annuities) where not be reported in cell A12. all Investment risk is borne by the policyholder? 85. CEA BS-C1- cell This comment applies to A14 to AS14. For BS-C1 those items A14 will be reported
80. CFO Forum & CRO Forum BS-C1- cell A12 We oppose the inclusion of unit-linked in D1 and therefore all numbers in relation to UL fund assets should be included as one line item in the balance sheet. Noted 81. Danish Insurance Association BS-C1- cell A12 It should be specified whether derivatives attached to Unit-linked contracts with a negative value (from D2O) should be included in the A12-sum. Or if they are to be included in the liabilities in cell L16. Following the approach for A10A that only positive values should be reported in this item, the same approach should be kept for A12. 82. German Insurance Association (GDV) BS-C1- cell A12 This comment applies to A12 – AS12. Confirmation is required that is it no longer required to separately split out assets held to cover linked assets. This is not required by IFRS. Please see comment n. 79 83. The Directorate General Statistics (DG-S) of the E BS-C1- cell A12 The assets held for unit-linked contracts are only reported on an aggregated basis (total). It would be good to have the breakdown by instrument (as for the non-unit linked contracts. The breakdown of assets held for unit-linked contracts would be needed, mainly to analyse insurers’ investment portfolios and their impact on the pricing and liquidity of financial markets. More detailed information will be gained via D1. 84. The Phoenix Group BS-C1- cell A12 Please provide further clarification of the definition of ‘Assets held for index-linked and unit-linked funds’? Is the intention to include certain Insurance products (e.g. Index-linked annuities) where not all Investment risk is borne by the policyholder? All index-linked and funds assets will be reported in cell A12. 85. CEA BS-C1- cell A14 This comment applies to A14 to AS14. For BS-C1 those items will be reported
Comments_template_QRT_BS_final.docx