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- TITLE I > CHAPTER V > SECTION 2
Article number: 120
1. The natural catastrophe risk sub-module shall consist of all of the following sub-modules:
(a) the windstorm risk sub-module;
(b) the earthquake risk sub-module;
(c) the flood risk sub-module;
(d) the hail risk sub-module;
(e) the subsidence risk sub-module.
2. The capital requirement for natural catastrophe risk shall be equal to the following:
SCR natCAT = sum i SCR i^2
where:
(a) the sum includes all possible combinations of the sub-modules i set out in paragraph 1;
(b) SCR i denotes the capital requirement for sub-module i.
Other related sources
- EIOPA answered Q&As:
- Question ID: 2242
Metadata
RULEBOOK TOPIC: SECTION 2 - Non-life underwriting risk module
RULEBOOK CATEGORY: DELEGATED REGULATION (EU) 2015/35
Last update on: 25 Mar 2024