Quantitative Reporting Templates (QRTs) 2017 Europæiske Rejseforsikring A/S
Template Code S.01.02 S.02.01 S.05.01 S.05.02 S.12.01 S.17.01 S.19.01 S.23.01 S.25.01 S.28.01 S.32.01 Template name Basic Information - General Balance sheet Premiums, claims and expenses by line of business Premiums, claims and expenses by country Not relevant Non-Life Technical Provisions Non-Life Insurance Claims Information This QRT will be delivered after mid-june in accordance with an agreement with FSA. Own funds Solvency Capital Requirement Minimum Capital Requirement - Only life or only non-life or re activity Not relevant
S.01.02.01 Basic information - General C0010 Undertaking name R0010 Europaeiske Rejseforsikring A/S Undertaking identification code and type of code R0020 LEI/529900XCDP67EU703X29 Type of undertaking R0040 3 - Non-Life undertakings Country of authorisation R0050 DENMARK Language of reporting R0070 English Reporting submission date R0080 2018-04-30 Financial year end R0081 2017-12-31 Reporting reference date R0090 2017-12-31 Regular/Ad-hoc submission R0100 1 - Regular reporting Currency used for reporting R0110 DKK Accounting standards R0120 2 - Local GAAP Method of Calculation of the SCR R0130 1 Standard formula Use of undertaking specific parameters R0140 2 - Don t use undertaking specific parameters Ring-fenced funds R0150 2 - Not reporting activity by RFF Matching adjustment R0170 2 - No use of matching adjustment Volatility adjustment R0180 2 - No use of volatility adjustment Transitional measure on the risk-free interest rate R0190 2 - No use of transitional measure on the riskfree interest rate Transitional measure on technical provisions R0200 2 - No use of transitional measure on technical provisions
S.02.01.02 Balance sheet Assets Solvency II value Goodwill R0010 Deferred acquisition costs R0020 Intangible assets R0030 Deferred tax assets R0040 Pension benefit surplus R0050 Property, plant & equipment held for own use R0060 40.870.001 Investments (other than assets held for index-linked and unit-linked contracts) R0070 467.452.077 Property (other than for own use) R0080 49.014.221 Holdings in related undertakings, including participations R0090 88.526.147 Equities R0100 33.000 Equities - listed R0110 Equities - unlisted R0120 33.000 Bonds R0130 309.600.255 Government Bonds R0140 177.679.177 Corporate Bonds R0150 131.921.078 Structured notes R0160 Collateralised securities R0170 Collective Investments Undertakings R0180 20.278.453 Derivatives R0190 Deposits other than cash equivalents R0200 Other investments R0210 Assets held for index-linked and unit-linked contracts R0220 Loans and mortgages R0230 Loans on policies R0240 Loans and mortgages to individuals R0250 Other loans and mortgages R0260 Re recoverables from: R0270 1.956.649 Non-life and health similar to non-life R0280 1.956.649 Non-life excluding health R0290 1.394.812 Health similar to non-life R0300 561.836 Life and health similar to life, excluding health and index-linked and unit-linked R0310 Health similar to life R0320 Life excluding health and index-linked and unit-linked R0330 Life index-linked and unit-linked R0340 Deposits to cedants R0350 Insurance and intermediaries receivables R0360 17.944.595 Re receivables R0370 6.209 Receivables (trade, not ) R0380 19.437.898 Own shares (held directly) R0390 Amounts due in respect of own fund items or initial fund called up but not yet paid R0400 Cash and cash equivalents R0410 10.199.076 Any other assets, not elsewhere shown R0420 3.187.810 Total assets R0500 561.054.314 C0010
S.02.01.02 Balance sheet Solvency II value Liabilities C0010 Technical provisions non-life R0510 186.670.488 Technical provisions non-life (excluding health) R0520 74.693.678 Technical provisions calculated as a whole R0530 Best Estimate R0540 66.024.574 Risk margin R0550 8.669.104 Technical provisions - health (similar to non-life) R0560 111.976.810 Technical provisions calculated as a whole R0570 Best Estimate R0580 103.781.142 Risk margin R0590 8.195.667 Technical provisions - life (excluding index-linked and unit-linked) R0600 Technical provisions - health (similar to life) R0610 Technical provisions calculated as a whole R0620 Best Estimate R0630 Risk margin R0640 Technical provisions life (excluding health and index-linked and unit-linked) R0650 Technical provisions calculated as a whole R0660 Best Estimate R0670 Risk margin R0680 Technical provisions index-linked and unit-linked R0690 Technical provisions calculated as a whole R0700 Best Estimate R0710 Risk margin R0720 Other technical provisions R0730 Contingent liabilities R0740 Provisions other than technical provisions R0750 Pension benefit obligations R0760 Deposits from reinsurers R0770 Deferred tax liabilities R0780 41.414.311 Derivatives R0790 Debts owed to credit institutions R0800 Financial liabilities other than debts owed to credit institutions R0810 Insurance & intermediaries payables R0820 13.291.026 Re payables R0830-140.176 Payables (trade, not ) R0840 52.266.038 Subordinated liabilities R0850 Subordinated liabilities not in Basic Own Funds R0860 Subordinated liabilities in Basic Own Funds R0870 Any other liabilities, not elsewhere shown R0880 Total liabilities R0900 293.501.687 Excess of assets over liabilities R1000 267.552.627
S.05.01.01 Premiums, claims and expenses by line of business Premiums written Medical expense Income protection Workers' compensation Line of Business for: non-life and re obligations (direct business and accepted proportional re) Motor vehicle liability Other motor Marine, aviation and transport Fire and other damage to property General liability Credit and suretyship Legal expenses Assistance Miscellaneous financial loss LoB for: accepted non-proportional re C0010 C0020 C0030 C0040 C0050 C0060 C0070 C0080 C0090 C0100 C0110 C0120 C0130 C0140 C0150 C0160 C0200 Gross - Direct Business R0110 204.818.771 24.481.006 410.486 34.520.131 35.711.830 15.631.519 775.187 6.387.149 88.505.990 411.242.069 Gross - Proportional re accepted R0120 510.808 19.158 37.612 249 2.156 51.346 621.330 Gross - Non-proportional re accepted R0130 Reinsurers' share R0140 3.634.611 329.953 91 917.710 2.386.096 615.047 7.883.508 Net R0200 201.694.969 24.170.211 410.486 34.557.651 34.794.121 13.245.672 777.344 6.387.149 87.942.289 403.979.891 Premiums earned Gross - Direct Business R0210 211.596.471 24.770.012 245.620 34.955.378 36.691.245 15.700.258 779.376 6.340.165 83.059.979 414.138.504 Gross - Proportional re accepted R0220 482.021 17.496 34.348 227 1.969 50.569 586.630 Gross - Non-proportional re accepted R0230 Reinsurers' share R0240 3.642.085 329.953 91 917.710 3.013.698 1.825.751 9.729.288 Net R0300 208.436.407 24.457.555 245.620 34.989.635 35.773.535 12.686.787 781.346 6.340.165 81.284.797 404.995.846 Claims incurred Gross - Direct Business R0310 78.357.259 4.007.040 257.648 10.627.983 7.148.576 3.043.624-94.287 81.256 69.206.628 172.635.729 Gross - Proportional re accepted R0320-232.769 12.786 25.102 0 166 1.439 5.981-187.294 Gross - Non-proportional re accepted R0330 Reinsurers' share R0340-1.052.655 54.280 3.854.773 2.856.397 Net R0400 79.177.145 4.019.827 257.648 10.653.085 7.094.297 3.043.790-92.848 81.256 65.357.837 169.592.038 Changes in other technical provisions Gross - Direct Business Gross - Proportional re accepted Gross - Non- proportional re accepted Reinsurers'share Net R0410 R0420 R0430 R0440 R0500 Expenses incurred R0550 127.100.222 8.360.919 16.612 13.395.024 22.996.051 8.453.882 90.630 2.238.050 49.474.690 232.126.078 Administrative expenses Gross - Direct Business R0610 65.209.669 3.778.808-5.898.891 556.866 1.964.675 38.615 732.844 13.725.983 91.906.351 Gross - Proportional re accepted Gross - Non-proportional re accepted Reinsurers' share R0620 R0630 R0640 Net R0700 65.209.669 3.778.808-5.898.891 556.866 1.964.675 38.615 732.844 13.725.983 91.906.351 Investment management expenses Gross - Direct Business R0710 326.719 43.854 1.116 49.361 5.767 47.256 1.824 19.474 172.422 667.794 Gross - Proportional re accepted R0720 410 410 Gross - Non-proportional re accepted Reinsurers' share R0730 R0740 Net R0800 327.129 43.854 1.116 49.361 5.767 47.256 1.824 19.474 172.422 668.204 Claims management expenses Gross - Direct Business R0810 20.894.464 963.815 1.290.701 105.557 712.004 4.863 2.768 12.202.880 36.177.051 Gross - Proportional re accepted Gross - Non-proportional re accepted R0820 R0830 Reinsurers' share R0840 3.056 3.056 Net R0900 20.891.408 963.815 1.290.701 105.557 712.004 4.863 2.768 12.202.880 36.173.995 Acquisition expenses Gross - Direct Business R0910 40.706.229 3.574.417 15.495 6.156.022 22.633.512 5.729.947 45.325 1.482.963 22.950.891 103.294.802 Gross - Proportional re accepted R0920 33.305 25 49 0 3 12 33.394 Gross - Non-proportional re accepted R0930 Reinsurers' share R0940 67.518 305.652 117.682 490.851 Net R1000 40.672.016 3.574.442 15.495 6.156.071 22.327.860 5.729.948-45.328 1.482.963 22.833.221 102.837.345 Overhead expenses Gross - Direct Business R1010 - - - - - - - - - 540.184 540.184 Gross - Proportional re accepted R1020 - - - - - - - - - - - Gross - Non-proportional re accepted R1030 Reinsurers' share R1040 - - - - - - - - - - - Net R1100 - - - - - - - - - 540.184 540.184 Other expenses R1200 Total expenses R1300 232.126.078 Health Casualty Marine, aviation, transport Property Total - -
S.05.02 Premiums, claims and expenses by country Country R0010 Home country Total Top 5 and home country Country (by amount of gross premiums written) - non-life obligations C0080 C0140 C0090 C0100 C0110 C0120 C0130 SWEDEN LUXEMBOURG NORWAY NETHERLANDS GERMANY Premiums written Gross - Direct Business R0110 210.898.675 408.079.668 186.330.470 6.719.820 1.651.678 1.459.961 1.019.065 Gross - Proportional re accepted R0120 457.073 457.073 Gross - Non-proportional re accepted R0130 Reinsurers' share R0140 5.431.589 7.883.508 2.451.919 Net R0200 205.467.085 400.653.233 184.335.624 6.719.820 1.651.678 1.459.961 1.019.065 Premiums earned Gross - Direct Business R0210 217.870.329 411.323.800 186.044.840 4.056.036 1.508.304 929.546 914.746 Gross - Proportional re accepted R0220-18 421.069 421.087 Gross - Non-proportional re accepted R0230 Reinsurers' share R0240 7.250.305 9.729.288 2.478.983 Net R0300 210.620.006 402.015.581 183.986.944 4.056.036 1.508.304 929.546 914.746 Claims incurred Gross - Direct Business R0310 75.395.244 167.098.617 87.190.888 2.966.302 1.222.783 24.747 298.654 Gross - Proportional re accepted R0320-189.858 86.905 276.763 Gross - Non-proportional re accepted R0330 Reinsurers' share R0340 2.353.679 2.856.397 502.718 Net R0400 72.851.707 164.329.125 86.964.933 2.966.302 1.222.783 24.747 298.654 Changes in other technical provisions Gross - Direct Business R0410 Gross - Proportional re accepted R0420 Gross - Non-proportional re accepted R0430 Reinsurers' share Net R0440 R0500 Expenses incurred R0550 125.278.310 231.982.467 106.588.787 4.507 81.121 4.657 25.086 Other expenses R1200 Total expenses R1300 231.982.467
S.17.01.01 Non-Life Technical Provisions Direct business and accepted proportional re Accepted non-proportional re Medical expense Income protection Workers' compensation Motor vehicle liability Other motor Marine, aviation and transport Fire and other damage to property General liability Credit and suretyship Legal expenses Assistance Miscellaneous financial loss Nonproportional health re Nonproportional casualty re Nonproportional marine, aviation and transport re Nonproportional property re C0020 C0030 C0040 C0050 C0060 C0070 C0080 C0090 C0100 C0110 C0120 C0130 C0140 C0150 C0160 C0170 C0180 Technical provisions calculated as a whole R0010 Total Recoverables from re/spv and Finite Re after the adjustment for expected losses due to counterparty default associated to R0050 TP calculated as a whole Technical provisions calculated as a sum of BE and RM Best estimate Premium provisions Gross - Total R0060 40.568.015 1.498.712 70.068 3.316.744 4.378.102 158.467 114.072-225.773 35.095.733 84.974.142 Total recoverable from re/spv -186.789-24.001-670 133.549-77.910 and Finite Re after the adjustment for expected losses due to counterparty default R0140 Net Best Estimate of Premium Provisions R0150 40.754.805 1.522.713 70.068 3.316.744 4.378.102 159.137 114.072-225.773 34.962.183 85.052.052 Claims provisions Gross - Total R0160 59.380.339 2.334.076 11.924 2.705.149 1.838.981 4.555.149 2.608.020 13.981 11.383.955 84.831.574 Total recoverable from re/spv 772.626 1.261.933 2.034.559 and Finite Re after the adjustment for expected losses due to counterparty default R0240 Net Best Estimate of Claims Provisions R0250 58.607.712 2.334.076 11.924 2.705.149 1.838.981 4.555.149 2.608.020 13.981 10.122.023 82.797.015 Total Best estimate - gross R0260 99.948.354 3.832.788 81.992 6.021.893 6.217.084 4.713.617 2.722.092-211.792 46.479.688 169.805.716 Total Best estimate - net R0270 99.362.517 3.856.789 81.992 6.021.893 6.217.084 4.714.286 2.722.092-211.792 45.084.206 167.849.068 Risk margin R0280 5.669.123 2.526.544 6.337 1.015.115 965.865 3.116.757 82.175 174.979 3.307.877 16.864.771 Amount of the transitional on Technical Provisions Technical Provisions calculated as a whole R0290 Best estimate R0300 Risk margin R0310 Technical provisions - total Technical provisions - total R0320 105.617.477 6.359.333 88.329 7.037.008 7.182.948 7.830.374 2.804.267-36.813 49.787.565 186.670.488 Recoverable from re contract/spv and Finite Re after the adjustment for expected losses due to counterparty default - total R0330 585.837-24.001-670 1.395.482 1.956.649 Technical provisions minus recoverables from 105.031.640 6.383.333 88.329 7.037.008 7.182.948 7.831.043 2.804.267-36.813 48.392.083 184.713.839 R0340 re/spv and Finite Re - total Total Non-Life obligation
S.19.01 Non-life Insurance Claims Information In agreement with Danish Financial Supervisory Authority, this QRT will be delivered after mid June 2018. Gross Claims Paid (non-cumulative) Development year (absolute amount) Current year, sum of years (cumulative) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 & + In Current year Sum of years (cumulative) C0010 C0020 C0030 C0040 C0050 C0060 C0070 C0080 C0090 C0100 C0110 C0120 C0130 C0140 C0150 C0160 C0170 C0180 Prior R0100 N-14 R0110 N-13 R0120 N-12 R0130 N-11 R0140 N-10 R0150 N-9 R0160 N-8 R0170 N-7 R0180 N-6 R0190 N-5 R0200 N-4 R0210 N-3 R0220 N-2 R0230 N-1 R0240 N R0250 Total R0260 Gross undiscounted Best Estimate Claims Provisions Development year (absolute amount) Current year, sum of years (cumulative) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 & + Year end (discounted data) C0200 C0210 C0220 C0230 C0240 C0250 C0260 C0270 C0280 C0290 C0300 C0310 C0320 C0330 C0340 C0350 C0360 Prior R0100 N-14 R0110 N-13 R0120 N-12 R0130 N-11 R0140 N-10 R0150 N-9 R0160 N-8 R0170 N-7 R0180 N-6 R0190 N-5 R0200 N-4 R0210 N-3 R0220 N-2 R0230 N-1 R0240 N R0250 Total R0260
S.23.01.01 Own funds Total Tier 1 - unrestricted Tier 1 - restricted Tier 2 Tier 3 C0010 C0020 C0030 C0040 C0050 Basic own funds before deduction for participations in other financial sector as foreseen in article 68 of Delegated Regulation 2015/35 Ordinary share capital (gross of own shares) R0010 10.000.500 10.000.500 - Share premium account related to ordinary share capital R0030 Initial funds, members' contributions or the equivalent basic own - fund item for mutual and mutual-type undertakings R0040 Subordinated mutual member accounts R0050 Surplus funds R0070 Preference shares R0090 Share premium account related to preference shares R0110 Reconciliation reserve R0130 257.552.127 257.552.127 Subordinated liabilities R0140 An amount equal to the value of net deferred tax assets R0160 Other own fund items approved by the supervisory authority as basic own funds not specified above R0180 Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds Own funds from the financial statements that should not be represented by the reconciliation reserve and do not meet the criteria to be classified as Solvency II own funds Deductions Deductions for participations in financial and credit institutions R0230 Total basic own funds after deductions R0290 267.552.627 267.552.627 Ancillary own funds Unpaid and uncalled ordinary share capital callable on demand R0300 Unpaid and uncalled initial funds, members' contributions or the equivalent basic own fund item for mutual and mutual - type undertakings, callable on demand R0310 Unpaid and uncalled preference shares callable on demand A legally binding commitment to subscribe and pay for subordinated liabilities on demand Letters of credit and guarantees under Article 96(2) of the Directive 2009/138/EC Letters of credit and guarantees other than under Article 96(2) of the Directive 2009/138/EC Supplementary members calls under first subparagraph of Article 96(3) of the Directive 2009/138/EC R0220 R0320 R0330 R0340 R0350 R0360 Supplementary members calls - other than under first subparagraph of Article 96(3) of the Directive 2009/138/EC R0370 Other ancillary own funds R0390 Total ancillary own funds R0400 Available and eligible own funds Total available own funds to meet the SCR R0500 267.552.627 267.552.627 Total available own funds to meet the MCR R0510 267.552.627 267.552.627 Total eligible own funds to meet the SCR R0540 267.552.627 267.552.627 Total eligible own funds to meet the MCR R0550 267.552.627 267.552.627 SCR R0580 144.997.768 MCR R0600 47.573.964 Ratio of Eligible own funds to SCR R0620 2 Ratio of Eligible own funds to MCR R0640 6
S.25.01.01 Solvency Capital Requirement Basic Solvency Capital Requirement Net solvency capital requirement Gross solvency capital requirement Allocation from adjustments due to RFF and Matching adjustments portfolios C0030 C0040 C0050 Market risk R0010 70.325.254 70.325.254 Counterparty default risk R0020 11.898.857 11.898.857 Life underwriting risk R0030 0 0 Health underwriting risk R0040 88.671.110 88.671.110 Non-life underwriting risk R0050 93.399.009 93.399.009 Diversification R0060-90.707.055-90.707.055 Intangible asset risk R0070 0 0 Basic Solvency Capital Requirement R0100 173.587.176 173.587.176 Calculation of Solvency Capital Requirement C0100 Adjustment due to RFF/MAP nscr aggregation R0120 0 Operational risk R0130 12.307.399 Loss-absorbing capacity of technical provisions R0140 0 Loss-absorbing capacity of deferred taxes R0150-40.896.806 Capital requirement for business operated in accordance with Art. 4 of Directive 2003/41/EC R0160 0 Solvency capital requirement excluding capital add-on R0200 144.997.768 Capital add-on already set R0210 0 Solvency capital requirement R0220 144.997.768 Other information on SCR Capital requirement for duration-based equity risk sub-module R0400 0 Total amount of Notional Solvency Capital Requirements for remaining part R0410 0 Total amount of Notional Solvency Capital Requirements for ring fenced funds R0420 0 Total amount of Notional Solvency Capital Requirement for matching adjustment portfolios R0430 0 Diversification effects due to RFF nscr aggregation for article 304 R0440 0 Method used to calculate the adjustment due to RFF/MAP nscr aggregation R0450 No adjustment Net future discretionary benefits R0460 0 Value
S.28.01.01 Minimum Capital Requirement Non-life Linear formula component for non-life and re obligations: MCR components C0010 MCR NL Result R0010 47.613.357 Background information: Net (of re/spv) best estimate and TP calculated as a whole C0020 Net (of re) written premiums in the last 12 months Medical expense and proportional re R0020 99.362.517 201.506.415 Income protection and proportional re R0030 3.856.789 24.160.706 Workers' compensation and proportional re Motor vehicle liability and proportional re R0040 R0050 Other motor and proportional re R0060 81.992 410.486 Marine, aviation and transport and proportional re R0070 6.021.893 34.537.586 Fire and other damage to property and proportional re R0080 6.217.084 34.784.583 General liability and proportional re R0090 4.714.286 13.245.259 Credit and suretyship and proportional re R0100 Legal expenses and proportional re R0110 2.722.092 777.137 Assistance and proportional re R0120 6.387.031 Miscellaneous financial loss and proportional re R0130 45.084.206 87.866.950 Non-proportional health re Non-proportional casualty re Non-proportional marine, aviation and transport re Non-proportional property re Overall MCR calculation: C0070 Linear MCR R0300 47.613.357 SCR R0310 145.071.032 MCR cap R0320 65.281.965 MCR floor R0330 36.267.758 Combined MCR R0340 47.613.357 Absolute floor of the MCR R0350 27.532.440 Minimum Capital Requirement R0400 47.573.964 R0140 R0150 R0160 R0170 C0030