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As it stands, article 18-5 of the Delegated acts is subject to different interpretations, because of the somewhat awkward structure of its long sentence.The following reordering of some elements of the sentence would greatly improve the understanding. Could you confirm it should be read according...

In Romania, the Civil Code (CC) defines and regulates insurance contract. CC provides an article which give the right to insurers to ‎cancel unilateral the contracts (without any reason) as long as they give a notice period of 20 days."CC - CHAPTER XVI - Insurance contractUnilateral termination of...

Some assets do not seem to fall within any of the categories in the market risk module. For example:(a) commodities(b) aircraft and other vehicles(c) paintingsI appreciate that it may be difficult to justify these investments under the prudent person principle, but assuming they are held, how...

How should the territories and dependencies of EU/EEA/OECD countries be considered in regards to classification of1) EU/EEA/OECD equities for equity risk?2) Member States government bonds for spread risk?

We would have a question related to the term Recoverables in Article 192 of the Delegated Regulation. We were wondering whether you know who can help us out on this matter or whether you can provide some clarification.Article 192 indicates that the “recoverables” term in the formula for the loss...

Article 192 (2) defines "Recoverables" as"best estimate of amounts recoverable from the reinsurance arrangement or insurance securitisation and the corresponding debtors".Are "Recoverables" adjusted to take account of expected losses due to default of a counterparty (as defined by Article 42 of...

This question concerns the treatment of the risk margin in the context of an internal model.In the case of the standard formula, the Solvency II regulation explicitly requires that the risk margin remains constant when calculating the SCR.For internal models, on the other hand, there seem no...

Article 163 of COMMISSION DELEGATED REGULATION (EU) 2015/35 of 10 October 2014 refers to «Nc [which] denotes the number of insured persons of insurance and reinsurance undertakings ».This article does not specify when the number of insured persons should be counted (at the end of the financial...

Could you please explain how Premiums Earned should be calculated in case of the merger of 2 undertakings (t.i. one company takes over all business of another company and continues to operate, another company ceases operations)?