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We would like to confirm the approach to contract boundaries for automatically renewable rider contracts classified as Health SLT (biometric risks), having the following features:- formal duration of the contract = 1 year;- it is guaranteed that at each anniversary (up to a pre-defined maximum age...

We have a question regarding the calculation of the loss absorbing capacity of deferred taxes for groups in guideline 22.Could you please confirm that the sum of SCRsolo** has to be calculated gross of IGT?

When using Orientation 2, I need to calculate the SCR gross for each risk submodule. In order to do so, I need to add the difference between FDB under the central scenario and FDB under a stressed scenario to my net SCR. If the FDB under the stressed scenario is higher I will obtain a negative...

The guideline 17 indicates a formula to be applied per sub-module. For equity risk, must the formula be applied separately for equity type 1 and equity type 2? Or shall it be applied at equity risk level (ie after diversification)? If the last case is the right one, report S.26.01 may display...

Did the formula, calculating the net SCR of groups, take into account the possibility of having a situation where solo undertakings have a gross SCR which is smaller than the net SCR?Both factors:[grossSCR(solo;sub-module) - netSCR(solo;sub-module)]and[grossSCR(solo) - netSCR(solo)]can have a...

If, for the calculation of the LAC of TP, the result in the scope of some sub-module, an undertaking calculate a net capital charge higher than the gross capital charge, the undertaking is supposed to set the net value equal to the gross value? Or only the maximum floor of zero only applies at the...

The article mentions how to compute the net capital at sub-module level, but don't go forward to the final formula of "Adj TP". In reference to the generic formula in article 206 of Delegated Acts, can we do the following simplification (since FDB have already capped the adjustment) : Adj TP = -...

What represent "grossSCRsolo" & "netSCRsolo", knowing the fact that "gross" & "net" is relevant until Basic SCR, but not downstream until "SCR" ?To explain this 2 values, you mention "aggregated grossSCRsolo, sub-module" & "aggregated netSCRsolo, sub-module", but here as well, what represent this...

GL 22 of the “loss-absorbing capacity” guidelines provides a formula with which the participating insurance and reinsurance undertaking, the insurance holding company or the mixed financial holding company should calculate the adjustment for the loss-absorbing capacity of deferred taxes.In the...