Question ID: 382
Regulation Reference: Guidelines on loss-absorbing capacity of technical provisions and deferred taxes
Article: 103
Status: Final
Date of submission: 04 Sep 2015
Question
What represent "grossSCRsolo" & "netSCRsolo", knowing the fact that "gross" & "net" is relevant until Basic SCR, but not downstream until "SCR" ?
To explain this 2 values, you mention "aggregated grossSCRsolo, sub-module" & "aggregated netSCRsolo, sub-module", but here as well, what represent this values ?
It seems that they represent respectively "BSCRsolo" & "nBSCRsolo", don't they ?
EIOPA answer
"GrossSCRsolo” represents Basic Solvency Capital Requirement referred to in Article 103(a) of Directive 2009/138/EC. “NetSCRsolo” represents net Basic Solvency Capital Requirement as referred to in Article 206(2) of Delegated Regulation 2015/35 (please refer also to para. 1.44 in GL 17). These values should be calculated at sub-modular level, as indicated in para. 1.43 of GL 17.