The CAA issued Circular Letter 23/7, which modifies Circular Letter 23/5 related to annual reporting for brokerage companies and insurance or reinsurance brokers.
This change is in response to potential confusion between premiums negotiated by brokers during the reference year and the amount of life insurance contracts taken out during the reference period. Specifically, Paragraph 5 of Part II, Letter A, point 2.6 of Circular Letter 23/5 has been removed.
Previously, Paragraph 5 stated that the amount reported on line „R0320“, column „C0010“ should be included in the amount reported on line „R0040“, column „C0020“ of module „CPR.C.0030.“ The modification aims to eliminate this potential source of confusion and ensure that the information provided in the annual reporting is accurate and transparent.
A consolidated version of Circular Letter 23/5 has also been made available in English. The present changes apply to the reporting starting from the 2022 reference year.