2
Codes for firms that carry out life insurance business or have annuities stemming from non-life insurance business
2.1
This supervisory statement sets out how the Prudential Regulation Authority (PRA) expects firms to submit information in annual reporting QRT S.14.01 using life product reporting codes. The Appendix lists the codes which the PRA expects firms to use.
- 30/03/2018
2.2
In these product codes the third digit of the code is used to distinguish varieties of the same product. This separates conventional and unitised with-profit, unit-linked and index-linked as well as retaining data for industrial branch business.
- 30/03/2018
2.3
Miscellaneous codes have only been assigned for protection business where there are minor products that do not fit into the named codes. A firm may use code 624 (miscellaneous protection non-profit) for any non-profit protection business if the amount of that business is not material. For the other main categories the product codes are intended to be sufficiently generic to cover all the products within that main category.
- 30/03/2018