Non-life premium and reserve risk sub-module

The capital requirement for non-life premium and reserve risk shall be equal to the following:

SCR_nl prem res = 3 * sigma_nl * V_nl

where:

(a) σ nl denotes the standard deviation for non-life premium and reserve risk determined in accordance with Article 117;

(b) V nl denotes the volume measure for non-life premium and reserve risk determined in accordance with Article 116.