Question ID: 2294
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: 160(2)
Status: Final
Date of submission: 17 May 2021
Question
Please confirm if there is any Catastrophe charge for Non Proportional Health business in the Standard Formula?
EIOPA answer
Article 160(2) of the Commission Delegated Regulation (EU) 2015/35 sets out that all health insurance and reinsurance obligations shall be taken into account when calculating the capital requirement for the health catastrophe risk sub-module.