Question ID: 1386
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 117
Status: Final
Date of submission: 14 Nov 2017
Question
Article 117 (3) mentions an adjustment for non proportional reinsurance. Is it possible to apply this adjustment even if no proportional reinsurance is in place?
EIOPA answer
Notwithstanding any potential consequences resulting from the own risk and solvency assessment and the supervisory review process, for the calculation set out in Article 117(3) DA the respective adjustment factor for non-proportional reinsurance set out in the second or third sentence should be used irrespective of the actual reinsurance.