Non-life catastrophe risk sub-module

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.