Question ID: 2237
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: 174
Status: Rejected
Date of submission: 14 Jan 2021
Question
Following Brexit, will there be a review of the current Standard Formula property shock (25%), which is currently calibrated on UK real estate market?
Background of the question
As UK property market might be more volatile then the average European property market, the current property risk shock is potentially higher than what really reflects European property market risk profile post-Brexit.
EIOPA answer
This question has been rejected because it does not relate to the consistent and effective application of the legal framework covered by this Q&A process.