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European Insurance and Occupational Pensions Authority

461

Q&A

Question ID: 461

Regulation Reference: Guidelines on group solvency

Article: 223

Status: Final

Date of submission: 01 Dec 2015

Question

When consolidating with "Deduction and aggregation" method, shall the SCR of the participating undertakings be gross or net of intra-group transactions?

EIOPA answer

As regards the undertakings covered by method 2, the directive does not envisage the elimination of IGTs in aggregating solo SCRs of undertakings covered by method 2 (see Article 233 of the Directive).