Question ID: 3621
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: Annex V, XXV
Status: Final
Date of submission: 16 Jul 2026
Question
I have several questions regarding the review of CAT risk in Non-Life insurance under Directive 2015/35, the changes to which are set forth in Directive 2026/269.
Annex V, which lists the countries affected by storm risk, has been amended to include Finland.
However, there does not appear to be a new correlation matrix for the various countries following the addition of this country. Would it therefore be possible to know the coefficients that need to be entered?
Annex XXV, which lists the various correlation matrices between the regions of each country affected by hail risk, does not appear to account for the addition of all the countries newly affected following the revision of the directive (Czechia, Poland, and Slovenia). However, starting on page 171 of Directive 2026/269, only the coefficients related to Poland are listed. Would it therefore be possible to know the coefficients to be entered for the various regions of Czechia and Slovenia?
Finally, regarding Annex XXII, which lists the various correlation matrices between the regions of each country affected by storm risk, no changes are included in Directive 2026/269, even though three new countries are now affected by this risk (Finland, Hungary, and Slovenia). Would it therefore be possible to know the coefficients to be entered for the different regions of these three countries?
EIOPA answer
Finland was added only for flood risks not for storm risks in this reassessment.
Only Poland was added for hail in this reassessment. This is why you see the correlation matrix for Poland Hail.
Poland Hungary and Slovenia have not been added for storm risks in this reassessment, this is why there are no correlation matrices.