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RSSLiability risk sub-module
capital requirement for liability risk
Coverage of all material risks
assessment on whether the internal model covers all material quantifiable risks
within its scope
Updates
Where participating insurance and reinsurance undertakings, insurance holding companies or mixed financial holding companies have to disclose publicly information on the nature and effects of any major development that materially affect the relevance of their single solvency and financial...
Non-disclosure of information
Article 361 shall apply as regards the information at the level of the group. Article 299 shall apply as regards the information for any of the subsidiaries within the group.
Calculation of the Basic Solvency Capital Requirement
Calculation of the Basic Solvency Capital Requirement.
Reference undertaking
1. The calculation of the risk margin shall be based on all of the following assumptions:(a) the whole portfolio of insurance and reinsurance obligations of the insurance or reinsurance undertaking that calculates the risk margin (the original undertaking) is taken over by another insurance or...
Operational risk
capital requirement for the operational risk formula
Fit and proper requirements
Fit and proper requirements for the person carrying out activities
Intangible asset module
capital requirement for intangible asset risk formula
Scope
1. This Directive lays down rules concerning the taking-up and pursuit of the activities of insurance and reinsurance distribution in the Union.2. This Directive applies to any natural or legal person who is established in a Member State or who wishes to be established there in order to take up...