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 144 Health underwriting risk module
Geldend
1.
The health underwriting risk module shall consist of all of the following sub-modules:
- (a)
the NSLT health insurance underwriting risk sub-module;
- (b)
the SLT health insurance underwriting risk sub-module;
- (c)
the health catastrophe risk sub-module.
2.
The capital requirement for health underwriting risk shall be equal to the following:
where:
- (a)
the sum covers all possible combinations (i,j) of the sub-modules set out in paragraph 1;
- (b)
CorrH(i,j) denotes the correlation parameter for health underwriting risk for sub-modules i and j;
- (c)
SCRi and SCRj denote the capital requirements for risk sub-module i and j respectively.
3.
The correlation coefficient CorrH(i,j) referred to in paragraph 2 denotes the item set out in row i and in column j of the following correlation matrix:
4.
Insurance and reinsurance undertakings shall apply:
- (a)
the NSLT health underwriting risk sub-module to health insurance and reinsurance obligations included in lines of business 1, 2, 3, 13, 14, 15 and 25 as set out in Annex I;
- (b)
the SLT health underwriting risk sub-module to health insurance and reinsurance obligations included in lines of business 29, 33 and 35 as set out in Annex I;
- (c)
the health catastrophe risk sub-module to health insurance and reinsurance obligations.