Directive 2009/138/EC of the European Parliament and of the CouncilDangos y teitl llawn

Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance)

2.Calculation of the non-life underwriting risk module

The non-life underwriting risk module set out in Article 105(2) shall be equal to the following:

where SCRi denotes the sub-module i and SCRj denotes the sub-module j, and where ‘i,j’ means that the sum of the different terms should cover all possible combinations of i and j. In the calculation, SCRi and SCRj are replaced by the following:

  • SCR nl premium and reserve denotes the non-life premium and reserve risk sub-module,

  • SCR nl catastrophe denotes the non-life catastrophe risk sub-module,