Man-made catastrophe risk sub-module

1. The man-made catastrophe risk sub-module shall consist of all of the following sub-modules:

(a) the motor vehicle liability risk sub-module;

(b) the marine risk sub-module;

(c) the aviation risk sub-module;

(d) the fire risk sub-module;

(e) the liability risk sub-module;

(f) the credit and suretyship risk sub-module.

2. The capital requirement for the man-made catastrophe risk shall be equal to the following:

SCR mmCAT = sqrt (sum i SCR I) ^2)

where:

(a) the sum includes all sub-modules set out in paragraph 1;

(b) SCR i denotes the capital requirements for sub-module i.