Question ID: 2234
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Solvency Capital Requirement (SCR)
Article: 162(1)
Template: S.27.01
Status: Rejected
Date of submission: 28 Dec 2020
Question
For most risks the SCR include geographic diversification benefits. For Concentration accidents in the Health CAT SCR, geographic spread is a disadvantage as the top exposure in every country contributes to the SCR.
Background of the question
Unreasonably high Health CAT SCR in a global portfolio og Medical Expense Insurance.
EIOPA answer
Please note that this question has been rejected because it does not identify an issue of practical implementation.