Consultation Paper on the draft proposal for ... - Eiopa - Europa

4.73. The detailed structure chart explains the ownership and legal links
between the undertaking and, on the one hand, its parent and ultimate
parent entity and, on the other hand, all its subsidiaries, branches and
significant investments in joint controlled entities and associates.
4.74. The information includes forward-looking information, explaining the
assumptions that were applied, and any material factors that could cause
results to differ. Also is included information on the assessments made
by undertakings and group on the strategies adopted and the potential
for successfully achieving such strategies.
Guideline 29 Performance of underwriting activities
When providing information on risk mitigation techniques related to
underwriting activities, undertakings should include a description of:
a) the impact of the mitigation techniques on the performance of
underwriting activities; and
b) the effectiveness of the risk mitigation techniques.
4.75. When indicating the effectiveness of risk mitigation techniques,
undertakings need to also describe the methods and processes used to
assess effectiveness as well as the consequences in cases of
ineffectiveness.
Guideline 30 Any other disclosures
Undertakings should provide information about any significant related
party transactions.
4.76. A related party transaction is a transfer of resources, services or
obligations between a reporting entity and a related party, regardless of
whether a price is charged. Related party transactions also include joint
ventures or key management personnel.
4.77. To the extent that the undertaking has had significant transactions with
related parties during the reporting period, these are clearly identified
and explained.
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© EIOPA 2011