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Where Articles 88 and 89 are complied with, captive insurance or captive reinsurance undertakings may calculate the capital requirement for interest rate risk referred to in Article 165 as follows: (a) the sum, for each currency, of the capital requirements for the risk of an increase in the term...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for the risk of a permanent increase in lapse rates referred to in Article 159(1)(a) as follows: Lapse_up = 0,5 · l up · n up · S up where: (a) l up denotes the higher of the average...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for health expense risk as follows: SCR_health-expense = 0,1 * EI * n + EI * ((1/(i+0,01)^n) - 1) - 1/i ((1+i)^n - 1))where:(1) EI denotes the amount of expenses incurred in servicing...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for income protection disability-morbidity risk as follows: SCR_income-protection-disability-morbidity = [ 0,35 * CAR_1 * d_1+ 0,25 * 1,1 ^((n-3)/2) * (n-1) * CAR_2 * d_2 + 0,2 * 1,1 ^(...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for medical expense disability-morbidity risk as follows: SCR_medical expense = 0,05 * MP * n + MP * (((1/(i+0,01))^n - 1) - 1/i ((1+i)^n - 1))where:(a) MP denotes the amount of medical...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for health longevity risk as follows: SCR_health-longevity = 0,2 * q * n * 1,1^((n-2)/2) * BE_longwhere, with respect to the policies referred to in Article 138(2): (a) q denotes the...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for life-catastrophe risk calculated as follows: SCR_life-catastrophe = sum_i 0,0015 * CAR_iwhere:　　　(a) the sum includes all policies with a positive capital at risk; (b) CAR i denotes...

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for the risk of a permanent increase in lapse rates as follows: Lapse_up = 0,5 * l_up *n_up * S_upwhere:(a) l up denotes the higher of the average lapse rate of the policies with...

Exposures in the form of bonds and loans risk factor stress assigned in different situations