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Do external experts supporting the assessment or the validation have to be regulated (e.g. auditor, lawyer, financial institution?)

SituationInsurer A enters a contract with Firm B (not necessarily an insurance or a regulated entity).The contract stipulates that, if any of the three events defined below occur at any time within the next 3 years, Firm B is committed to buying for €10 million new shares of Insurer A (conducting...

Art. 199, 6.) and 7.) describes the cases where a 0.5% PD can be used, e.g. for a regulated (re)insurance in a third country with equivalent solvency regime or in country in the EU and for which an ECAI rating does not exist. For those cases we set the Solvency Ratio to 100%, which is equivalent...

Article 117 (3) mentions an adjustment for non proportional reinsurance. Is it possible to apply this adjustment even if no proportional reinsurance is in place?

How can the validation process be performed, which data source should be used?

How can a process involving external experts be designed with regard to DIRECT INVESTMENTS and is it considered outsourcing?

In the Delegated Regulation article 206(2) it is stated that net SCR should be calculated on module or sub-module level.For the market risk this seems to imply that the amount of FDB can be subtracted from each of the subrisks listed in article 164(1) (interest rate, equity, property, spread...

In Article 180, section 12, what are the risk factors assigned to an exposure that: - relates to a qualifying infrastructure investment that meets the criteria set out in Article 164a - is assigned to a matching adjustment portfolio in accordance with Article 77b(2) of Directive 2009/138/EC - has...

In determining the Own Funds available to cover the Group's SCR, Article 330 (1)(a) and (b) requires us to consider whether any regulatory restrictions might prevent the own funds being transferred to another entity or otherwise used to cover losses elsewhere in the group.Article 100 of the...