I am contacting you regarding a question of data modelisation and calculation we are encountering upon QRT S.27.01.01 & SR.27.01.01. Indeed, upon cell R4420/C1510 we are recovering the catastrophe risk charge before risk mitigation for the pandemic risk sub-module, according the following calculation formula:

0.000075 * 'Income protection pandemic exposure' + 0.4 * 'Sum of gross catastrophe risk charge for all countries'

Where
'Income protection pandemic exposure' is cell R4420/C1430;
'Sum of gross catastrophe risk charge for all countries' is the sum of all cells in C1510.

The capital requirement for the pandemic risk sub-module is calculated as follows upon Article 163 of the Delegated Acts regarding Solvency II directive 2009/138/EC:

Lp = 0.000075 * E + 0.4 * SUMc {Nc} * Mc

Where
- 'E' denotes the income protection pandemic exposure of insurance and reinsurance undertakings;
- The sum includes all countries 'c';
- 'Nc' denotes the number of insured persons of insurance and reinsurance undertakings which meet all of the following conditions:
     (i) the insured persons are inhabitants of country c,
     (ii) the insured persons are covered by medical expense insurance or reinsurance obligations, other than workers' compensation insurance or reinsurance obligations, that cover medical expenses resulting from an infectious disease;
- 'Mc' denotes the expected average amount payable by insurance or reinsurance
undertakings per insured person of country 'c' in case of a pandemic.

Do you agree with our implementation here?