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European Insurance and Occupational Pensions Authority

Natural catastrophe risk sub-module

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TITLE I > CHAPTER V > SECTION 2

Article number:  120

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.

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:  07 Jul 2021