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- TITLE I > CHAPTER V > SECTION 2
Article number: 119
1. The non-life catastrophe risk sub-module shall consist of all of the following sub-modules:
(a) the natural catastrophe risk sub-module;
(b) the sub-module for catastrophe risk of non-proportional property reinsurance;
(c) the man-made catastrophe risk sub-module;
(d) the sub-module for other non-life catastrophe risk.
2. The capital requirement for the non-life catastrophe underwriting risk module shall be equal to the following:
SCR nlCAT = sqrt ((SCR natCAT + SCR npproperty)^2 + SCR^2 mmCAT + SCR^2 CATother)
where:
(a) SCR natCAT denotes the capital requirement for natural catastrophe risk;
(b) SCR npproperty denotes the capital requirement for the catastrophe risk of non-proportional property reinsurance;
(c) SCR mmCAT denotes the capital requirement for man-made catastrophe risk;
(d) SCR CATother denotes the capital requirement for other non-life catastrophe risk.
Metadata
RULEBOOK TOPIC: SECTION 2 - Non-life underwriting risk module
RULEBOOK CATEGORY: DELEGATED REGULATION (EU) 2015/35
Last update on: 25 Mar 2024