Question ID: 3576
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Minimum Capital Requirement (MCR)
Article: 129
Status: Final
Date of submission: 26 May 2026
Question
In the context of the calculation of the premium-based component of the Minimum Capital Requirement (MCR), how should gross written premiums be determined when a merger between insurance undertakings occurs during the reference period?
In particular, should the premiums for the last 12 months be calculated as the sum of the premiums of the merging undertakings, even if the merger took place during the last quarter of the year?
EIOPA answer
The premiums for the last 12 months should be calculated as the sum of the premiums written by the two merging undertakings before the merger and any premiums written by the merged undertaking after the merger.
Where applicable, the premiums should be adjusted for reinsurance between the merging undertakings.