Search QAs

For an issuer there may exist a several types of credit assessments, most typically short-term issuer rating and long-term issuer rating.Which one should be used to derive credit quality step in accordance with COMMISSION IMPLEMENTING REGULATION (EU) 2016/1800? Is there any rule or reccomendation...

Where should be calculated the impact of mortage loan, if the amount of loan provided is 1 500 000 (is greater than 1 000 000) the duration is 5 years the callateral is 2 000 000.The amount of this mortgage loan is greater than 1 000 000 and according to Article 191, p.4 can not be treated under...

When calculating the capital requirement for Mass Lapse risk should the per-policy expenses remain unchanged, resulting in the overall expenses falling proportionally?

Article 197 (7) of the Delegated Acts states that "Where in case of insolvency of the counterparty, the determination of the insurance or reinsurance undertaking's proportional share of the counterparty's insolvency estate in excess of the collateral does not take into account that the undertaking...

According to Article 189 relating to the capital requirement for counterparty default risk, Type 2 exposures include receivables from intermediaries.Having reviewed the official Solvency II texts, along with available guidelines and EIOPA Q&As to date, it is not clear what the exact definition of...

In Article 117 in the COMMISSION DELEGATED REGULATION (EU) 2015/35 it says that "For segments 1, 4 and 5 set out in Annex II the adjustment factor for non-proportional reinsurance shall be equal to 80 %. For all other segments set out in Annex the adjustment factor for non-proportional reinsurance...

Article 127 contains the catastrophe risk charge calculations for non-proportional property reinsurance wherein geographical diversification ("DIV") has been set out in Annex III. However point (5) of Annex III states that the factor for geographical diversification shall be equal to 1 (i.e. DIV...

We refer to a scenario where a (re)insurance undertaking holds a Note which is fully and irrevocably guaranteed by a specific credit insurance policy issued by a credit insurer which has a rating published by a nominated ECAI, credit step 2. The credit insurance policy satisfies the requirements...

According to Article 142 of the delegated act 2015_35 the capital requirement for the lapse risk refer to all options in pragraphs 4 & 5. Could you please confirm that the option of annuity payments offered at maturity instead of lump sum should be considered in the options of paragraph 4 b for...