Question ID: 1992
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Other
Article: 119
Status: Final
Date of submission: 13 Nov 2019
Question
Could you kindly confirm that there are no catastrophe shocks prescribed for Legal Expenses insurance and proportional reinsurance under the Standard Formula?
EIOPA answer
We confirm there is no catastrophe shock prescribed for the Legal Expenses Lines of Business (both direct and indirect proportional reinsurance businesses - number 10 and 22 from Annex I of the Delegated Regulation).