Search QAs

We would appreciate some clarification on the allocation to Solvency II line of business of property cover for offshore wind turbines.Further, could you therefore confirm that there is no catastrophe charge for offshore wind turbines, given there is no natural catastrophe charge (onshore assets...

In the situation of Article 197(5)(b) of the Delegated Acts, should the reinsurance recoverable be included in the calculation of the capital requirement for market risk or not?

MTPL bsuiness: Insurance contract is concluded with particular limits (e.g. in Czech Republic typically 35/35, 75/75, 100/00 where X/X refers to "bodily injury/material injury"). These are deemed policy limits. Nevertless insurance company covers also damages outside Czech Republic where limits...

How should a non-life undertaking calculate the linear MCR for its occupational disability insurance?What extent of disability do the non-life undertakings assume when calculating the Capital At Risk (CAR) as part of their linear MCR calculation?

Article 188 of the SII Delegated Acts covers currency risk but only refers to different charges where currencies are pegged to the Euro. We are a US dollar functional currency entity and we are currently taking capital charges on currencies that are pegged to the USD which seems very punitive. For...

With reference to Article 135 & Annex XII and the risk factor of 40% applying to Miscellaneous Financial Loss we would be grateful for your help in relation to our query.We underwrite pet insurance business (mainly dog, cat and equine, majority being dog) which provides reimbursement of vet fees...

The definition of written premiums in this article is vague. Should written premiums be "The amount payable by the policy holder excluding insurance premium taxes for insurance or reinsurance cover written during the period whether such premiums relate in whole or in part to insurance or...

We kindly ask for your support in clarifying a specific issue related to the application of the Solvency II provisions regarding outsourcing in conjunction with the provisions of Regulation 21327/85 on the European Economic Group (EEIG).In the situation where two insurance companies, entities of a...

Paragraph 4 states 'Expenses shall be projected on the assumption that the undertaking will write new business in the future'.Could you please provide information on the application of this paragraph to entities that are closed to new business? For example, should the entity assume that they...