Question ID: 2771
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: 123(2)
Status: Rejected
Date of submission: 25 Aug 2023
Question
I have a question on Article 123 of the Delegated Acts, which refers to all regions in Annex VIII. Why is the Netherlands not considered as a country with exposure towards flood insurance?
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.
However, indeed the Netherlands are not considered yet in the Standard formula for flood. We are however performing a (re)assessment of the Nat Cat parameters of the Standard Formula and are considering the Netherlands for flood. The discussion paper should be out for public consultation around mid 2024.