Further clarification required: Should the collateral held be valued at fair value every quarter? For example, revaluation of the FV of property pledge for a mortgage loan every quarter? The revaluation of property pledged, if any, does not seem practical on a quarterly Additional guidance would be helpful. 360. German Insurance BS-C1B- cell What is to be disclosed under the items pledged by SII value of asset “Assets Association (GDV) A17 reinsurers for ceded technical provisions” and pledged to pledged, in the first “Assets cedants for technical provisions (reinsurance accepted)”? case, of the assets that are pledged by the reinsurer when such agreement exists, under the ceded reinsurance treaty. In the second case it refers to the assets pledged by the reporting undertaking, when it is prescribed under the accepted reinsurance agreement / treaty. Association of BS-C1B- cell Clarity required in the guidance to define Contingent liabilities not in Please see comment n. British Insurers A18 the SII Balance Sheet as BS-C1 cell L23 defines contingent liabilities 362 (ABI) as those that are off BS in IFRS but can still be valued. This would capture all Contingent Liabilities to which a value can be assigned. What would therefore appear on C1B?
Further clarification required: Should the collateral held be valued at fair value every quarter? For example, revaluation of the FV of property pledge for a mortgage loan every quarter? The revaluation of property pledged, if any, does not seem practical on a quarterly Additional guidance would be helpful. 360. German Insurance Association (GDV) BS-C1B- cell A17 What is to be disclosed under the items “Assets pledged by reinsurers for ceded technical provisions” and “Assets pledged to cedants for technical provisions (reinsurance accepted)”? SII value of asset pledged, in the first case, of the assets that are pledged by the reinsurer when such agreement exists, under the ceded reinsurance treaty. In the second case it refers to the assets pledged by the reporting undertaking, when it is prescribed under the accepted reinsurance agreement / treaty. Association of British Insurers (ABI) BS-C1B- cell A18 Clarity required in the guidance to define Contingent liabilities not in the SII Balance Sheet as BS-C1 cell L23 defines contingent liabilities as those that are off BS in IFRS but can still be valued. This would capture all Contingent Liabilities to which a value can be assigned. What would therefore appear on C1B? Please see comment n. 362
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