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RSSWhen the look through approach is possible on an Alternative Investment Fund:should the equity SCR for a Leverage Alternative Investment Fund be equal to (non Look Through Approach) MTM of Alternative Investment Fund x (49% + plus the symmetric adjustment), orshould the SCR be equal to (Look...
Should property investments for the own use of the insurance undertaking be included in the calculation of capital requirement for concentration risk?
Could you please help me with the explanation on how to treat non-life premiums earned for the 12 months prior to the last 12 monts in case of the business transfer?The situation was, that Baltic branch of Polish company was establishing as a separate company with the headquarter in Lithuania...
I am looking for a bit of clarity on the language in Article 5, Issuers and issue credit assessments. In point 2. it states that in the case where a bond is unrated but an "issuer rating" exists for that issuer or for a specific program which this bond is not a part of then one can follow a or b...
Regarding Artice 4 Paragraph V 2nd sentence: "Where the own internal credit assessment generates a lower capital requirement than the one generated by the credit assessments available from nominated ECAIs, then the own internal credit assessment shall not be taken into account for the purposes of...
Par 4 states:Loss-making policies may only be offset against profit-making policies within a homogeneous risk group.Therefore I am required to calculate EPIFP on the level of HRG. How I shoudl aggregate EPIFP to single number (as requred for example by QRT S.23.01) when for some HRG EPIFP > 0...
It follows from regulation 2015/35/EC article 176 and 214 (1) c) that a reduced stress factor is available for secured bonds (and loans) if there is "no material positive correlation" between the credit quality of the counterparty and the value of the collateral.Is the fact that a bond issuer only...
Do external experts supporting the assessment or the validation have to be regulated (e.g. auditor, lawyer, financial institution?)
SituationInsurer A enters a contract with Firm B (not necessarily an insurance or a regulated entity).The contract stipulates that, if any of the three events defined below occur at any time within the next 3 years, Firm B is committed to buying for €10 million new shares of Insurer A (conducting...
Art. 199, 6.) and 7.) describes the cases where a 0.5% PD can be used, e.g. for a regulated (re)insurance in a third country with equivalent solvency regime or in country in the EU and for which an ECAI rating does not exist. For those cases we set the Solvency Ratio to 100%, which is equivalent...