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For one-year renewable contracts, could you clarify what is the scope of premiums to be accounted for in Ps, FP_existing and FP_future, in particular where the date of recognition of the contract does not coincide with the date of inception and where the contract includes an automatic renewal...

Is the concept of contract boundaries relevant to determine the scope of premiums to be accounted for in Ps, FP_existing and FP_future?

In Article 192, the wording indicates that the LGD is calculated at contract level. Therefore, for a single counterparty, the floor by zero is applied for each related contract, and a gain following the default can not compensate a loss.However, in helpertab, the floor at zero is applied per...

TP(life,4) denotes the technical provisions without a risk margin for all other life insurance and reinsurance obligations, after deduction of the amounts recoverable from reinsurance contracts and special purpose vehicles, with a floor equal to zero;Imagine following situation:Net BEL + net TP as...

We have a doubt related to the treatment of covered bonds in the concentration risk module. (art.187 Delegated Acts 2015/35). The article fixes a threshold of 15% to these exposures provided that they have a credit quality step 0 or 1. In this case the covered bonds should be considered as a...

For Concentration risk ScR,when i calculate the amount of each counterparty, Do I have to consider 'Market Value (of assets) + Accrued Interest' or just 'market Value' (without Accrued Interest)?So basically, do I have to stress 'accrued interest' under concentration risk?What about interest rate...

My doubt is about art. 165, par. 2, of the Delegated Regulation 2015/35: if my understanding is correct, according to this provision, when the SCR and the nSCR for interest rate risk are not based on the same scenario, the first one shall be calculated based on the scenario that is relevant for...

Additional guideline requested for the appication of the Look Through approach- First If you are an insurance company and owns e.g. 10% in another insurance company, should you then apply the look-through approach ?- Secondly if in the same situation the 10% share that you own concerns a listed...

Article 188 of the delegated acts require an entity to calculate currency risk by applying 25% up or down shock to the foreign currency that would result in loss in basic own funds.The market risk module shall reflect the risk arising from the level or volatility of market prices of financial...