Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II):artikel 234

Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)

Article 234 Diversification effects

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

The system used for measuring diversification effects referred to in Article 121(5) of Directive 2009/138/EC shall only be considered adequate where all of the following conditions are met:

(a)

the system used for measuring diversification effects identifies the key variables driving dependencies;

(b)

the system used for measuring diversification effects takes into account all of the following:

(i)

any non-linear dependence and any lack of diversification under extreme scenarios;

(ii)

any restrictions of diversification which arise from the existence of a ring-fenced fund or matching adjustment portfolio;

(iii)

the characteristics of the risk measure used in the internal model;

(c)

the assumptions underlying the system used for measuring diversification effects are justified on an empirical basis.

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