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RSSI'm trying to understand whethet I can classify part of the underlying investments of infrastructure fund, that have a "Take or Pay" - contarct, as "qualifying infrastructure".I have paid a special intention into Chapter 2a of Articla 164. It says, that "cash flows generated for debt and equity...
Should the BUSINESS INTERRUPTION (BI) (caused by e.g. natural catastrophe, fire damage,..) insurance be segmented to line of businees 7 (Fire and other damage to property) or line of business 12 (Miscellaneous financial loss)?Based on the definition of LoB 12 (=Insurance obligations which cover...
The question is what reference date for exchange rate should be used for data in the SCR calculations (e.g. sum insured, value of the benefits payable by the insurance or reinsurance undertaking for the insured person, retention/priority/limits for reinsurance treaty, premiums etc.).
Can you provide guidance on the calculation of the spread SCR for a debt fund with following characteristics- The fund has a credit assessment from a nominated ECAI of CQS = 2 (example)- The fund invests in senior secured loansQuestion 1:Assuming the loans in the fund are UNRATED and do NOT...
Which line of business should insurance covering an offshore wind farm be assigned to?If the wind farm can be classfied as a vessel, then it would appear the Marine, aviation and transport insurance line of business is most appropriate. Is this interpretation correct?We note that oil and gas...
Where a look-through has been performed and bond assets have been identified for collective investment undertakings (as per Article 84 of the Delegated Acts) but some aspects of the underlying assets (e.g. duration or credit rating) are not available but these fall in a specific range for the...
Question on volume measure for premium riskHow does an undertaking take account of any discounts it applies to its premiums for policyholders when calculating the volume measure for premium risk?
I would like to know if I am correct about the calculation method of the currency exchange risk. If I understood it correctly, a Type-1-Equity would be stressed by 25% on its market value, independent from its actual currency exchange rate. So, an equity with market value 100.000 would result in a...
Article 31 of COMMISSION DELEGATED REGULATION (EU) 2015/35 of 10 October 2014 says that « a cash flow projection used to calculate best estimates shall take into account all of the following expenses, which relate to recognised insurance and reinsurance obligations of insurance and reinsurance...
Article 28 of the Delegated Acts states the following "The cash flow projection used in the calculation of the best estimate shall include all of the following cash flows, to the extent that these cash flows relate to existing insurance and reinsurance contracts: (e) payments between the insurance...