4.64 In CP14/22 the PRA proposed to delete the rows related to other Technical Provisions from S.05.02 template. The PRA also proposed to change the threshold over the proportion of overseas business reported by lowering the portion considered immaterial from 10% to 5% and introducing an additional monetary based criterion of £500m.
4.65 Four respondents provided comments on the reporting of premiums, claims and expenses by country. Four respondents challenged the lowering of the threshold in S.05.02 on the coverage of overseas business reported. Two respondents noted overlap between S.05.02 and the new S.05.04 templates and suggested further streamlining. One respondent suggested that S.05.02 should no longer be reported by groups, and one respondent questioned whether S.05.02 should still be reported by insurers that only operate in the UK.
4.66 S.05.02 provides the PRA with the split life and non-life business, and the disclosure version of S.05.02 provides the market with an impor
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