Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 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) Text with EEA relevance

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 0,1 | 0,3 | 1,3 | 2,0 | 0,6 | 1,5 | 1,9 | 8,0 | 0,6 | 0,4 | 1,8 | 1,3 | 1,5 | 1,3 | | 2 | 0,1 | 1,0 | 2,8 | 1,8 | 1,6 | 0,8 | 1,1 | 2,4 | 4,2 | 0,1 | 0,9 | 1,2 | 1,0 | 0,5 | | 3 | 0,5 | 0,5 | 0,0 | 1,8 | 0,5 | 0,5 | 1,1 | 1,2 | 4,9 | 0,1 | 0,9 | 0,8 | 0,8 | 1,5 | | 4 | 0,0 | 3,5 | 2,6 | 1,8 | 0,4 | 1,5 | 0,5 | 0,8 | 0,5 | 1,7 | 1,2 | 2,7 | 3,8 | 7,8 | | 5 | 0,9 | 3,8 | 0,2 | 1,8 | 0,9 | 2,5 | 0,3 | 1,6 | 0,3 | 0,8 | 1,1 | 0,6 | 0,2 | 10,5 | | 6 | 4,0 | 0,5 | 0,1 | 3,3 | 1,5 | 1,3 | 0,2 | 2,0 | 0,1 | 0,7 | 0,4 | 1,1 | 0,3 | 5,8 | | 7 | 0,4 | 0,5 | 0,1 | 1,3 | 1,4 | 0,5 | 0,7 | 4,8 | 0,3 | 2,4 | 1,7 | 1,8 | 1,5 | 1,3 | | 8 | 0,2 | 1,0 | 0,5 | 1,3 | 1,6 | 0,3 | 1,3 | 0,0 | 1,0 | 1,0 | 3,3 | 1,5 | 1,5 | 3,3 | | 9 | 0,5 | 2,8 | 0,3 | 4,2 | 1,7 | 1,0 | 0,6 | 0,0 | 1,2 | 0,8 | 0,7 | 0,9 | 1,5 | 1,3 | | 10 | 1,0 | | 0,8 | 3,0 | 0,5 | 1,3 | 1,3 | 0,0 | 3,4 | 2,5 | 1,3 | 0,1 | 0,0 | 2,3 | | 11 | 0,2 | | 0,1 | 3,0 | 1,1 | 1,8 | 1,4 | 4,8 | 0,8 | 1,0 | 0,7 | 1,7 | 0,0 | 6,0 | | 12 | 0,3 | | 0,7 | 3,0 | 1,6 | 2,0 | 0,4 | 0,0 | 0,1 | 2,0 | 2,0 | | 0,0 | 0,0 | | 13 | 0,3 | | 0,4 | 1,5 | 1,6 | 0,8 | 6,1 | 2,4 | 0,2 | 2,6 | 4,6 | | 0,5 | 4,3 | | 14 | 0,5 | | 0,2 | 3,8 | 1,5 | 0,8 | 1,1 | 0,4 | 1,4 | 2,2 | 3,3 | | 0,0 | 2,8 | | 15 | 0,9 | | 0,2 | 4,5 | 2,7 | 0,3 | 0,3 | 2,0 | 3,2 | 1,2 | 0,7 | | 0,2 | 7,0 | | 16 | 0,4 | | 0,0 | 1,3 | 2,5 | 0,3 | 1,1 | 2,4 | 2,3 | 0,0 | 2,0 | | 2,1 | 2,0 | | 17 | 1,4 | | 0,1 | 2,8 | 4,5 | 1,3 | 2,2 | 0,0 | 0,4 | 1,8 | 4,0 | | 1,1 | 1,5 | | 18 | 2,6 | | 2,5 | 1,8 | 1,1 | 2,3 | 1,3 | 0,8 | 0,6 | 1,3 | 1,3 | | 1,3 | 1,5 | | 19 | 3,6 | | 0,8 | 2,5 | 1,8 | 4,5 | 0,4 | 0,8 | 4,9 | 1,4 | 2,0 | | 0,9 | 2,0 | | 20 | 2,2 | | 0,9 | 2,0 | 2,3 | 2,0 | 0,0 | 0,0 | 4,8 | 1,8 | 2,0 | | 0,3 | 2,8 | | 21 | 0,5 | | 7,5 | 2,0 | 1,7 | 0,8 | 1,6 | 3,2 | 3,1 | 0,0 | 2,0 | | 2,8 | 3,0 | | 22 | 1,6 | | 4,2 | 5,0 | 1,5 | 0,3 | 0,3 | 0,0 | 2,8 | 1,3 | 3,3 | | 2,7 | 2,5 | | 23 | 1,0 | | 0,8 | 1,5 | 1,6 | 0,5 | 0,3 | 1,6 | 0,3 | 0,7 | 2,0 | | 0,1 | 3,3 | | 24 | 3,6 | | 0,8 | 3,3 | 2,1 | 2,0 | 1,0 | 1,6 | 4,0 | 1,4 | 2,0 | | 0,0 | 1,3 | | 25 | 1,8 | | 7,5 | 1,5 | 2,0 | 2,3 | 0,7 | 3,2 | | 3,1 | 0,7 | | | 4,0 | | 26 | 0,8 | | 5,8 | 1,8 | 2,2 | 2,5 | 1,1 | 1,6 | | 0,2 | 3,3 | | | 5,5 | | 27 | 2,0 | | 3,3 | | 3,1 | 4,3 | 1,2 | 3,2 | | 0,8 | 2,6 | | | 8,5 | | 28 | 2,4 | | 2,5 | | 1,1 | 2,8 | 0,5 | 3,2 | | 3,6 | 3,3 | | | 3,0 | | 29 | 0,7 | | | | 2,9 | 2,3 | 0,3 | 0,0 | | 5,9 | 0,7 | | | 1,3 | | 30 | 4,4 | | | | 1,7 | 0,8 | 3,0 | 0,8 | | 0,8 | 1,3 | | | 1,3 | | 31 | 2,0 | | | | 1,3 | 0,3 | 1,6 | 4,8 | | 0,6 | 1,3 | | | 2,0 | | 32 | 3,3 | | | | 1,1 | 1,8 | 1,3 | 4,8 | | 0,1 | 0,7 | | | 2,5 | | 33 | 0,9 | | | | 2,0 | 1,0 | 2,8 | 1,6 | | 5,9 | 1,3 | | | 0,3 | | 34 | 4,6 | | | | 2,2 | 0,3 | 1,7 | 2,4 | | 9,8 | 1,3 | | | 3,5 | | 35 | 1,5 | | | | 1,4 | 3,0 | 0,7 | 0,0 | | 7,3 | 2,6 | | | 3,0 | | 36 | 0,3 | | | | 1,8 | 2,3 | 0,7 | 2,4 | | 0,5 | 2,0 | | | 2,8 | | 37 | 0,4 | | | | 2,6 | 2,5 | 2,0 | 1,2 | | 2,2 | 2,6 | | | 2,8 | | 38 | 4,4 | | | | 2,6 | 3,3 | 1,4 | 6,4 | | 7,3 | 2,0 | | | 3,3 | | 39 | 1,2 | | | | 0,8 | 1,0 | 1,7 | 2,4 | | 10,6 | 0,7 | | | 3,5 | | 40 | 0,4 | | | | 1,0 | 0,8 | 1,7 | 1,2 | | 5,4 | 1,3 | | | 1,8 | | 41 | 0,2 | | | | 3,9 | 0,3 | 1,4 | 6,4 | | 0,0 | 2,0 | | | 2,5 | | 42 | 0,3 | | | | 4,2 | 0,3 | 0,7 | 1,2 | | 0,7 | 4,0 | | | 0,0 | | 43 | 0,1 | | | | 1,2 | 2,0 | 0,4 | 0,8 | | 1,7 | 11,9 | | | 3,0 | | 44 | 0,2 | | | | 1,5 | 3,8 | 1,9 | 0,8 | | 3,1 | 7,9 | | | 7,5 | | 45 | 0,6 | | | | 0,8 | 3,5 | 1,7 | 1,6 | | 0,3 | 2,0 | | | 2,8 | | 46 | 0,1 | | | | 1,1 | 2,0 | 0,8 | 4,8 | | 2,8 | 3,3 | | | 1,0 | | 47 | 0,1 | | | | 0,7 | 4,5 | 2,3 | 3,2 | | 1,1 | 4,6 | | | 19,5 | | 48 | 1,5 | | | | 3,6 | 2,5 | 0,2 | 0,4 | | 5,6 | | | | 0,5 | | 49 | 0,1 | | | | 2,1 | 0,3 | 2,5 | 1,6 | | 2,2 | | | | 3,0 | | 50 | 2,4 | | | | 1,9 | 3,3 | 0,9 | 3,6 | | 3,0 | | | | 5,8 | | 51 | 2,8 | | | | 1,0 | 2,0 | 1,1 | 0,8 | | 1,1 | | | | 3,3 | | 52 | 0,4 | | | | 2,2 | 4,3 | 0,6 | 3,2 | | 2,1 | | | | 0,0 | | 53 | 0,3 | | | | 1,2 | 6,0 | 0,4 | 0,4 | | 0,3 | | | | 2,0 | | 54 | 0,0 | | | | 2,8 | 0,3 | 1,0 | 0,0 | | 0,1 | | | | 2,5 | | 55 | 0,1 | | | | 3,5 | 1,0 | 1,2 | 0,8 | | 0,2 | | | | 0,0 | | 56 | 0,1 | | | | 1,9 | 0,8 | 0,7 | 4,8 | | 4,9 | | | | 4,0 | | 57 | 0,1 | | | | 4,8 | 1,5 | 1,0 | 0,0 | | 4,9 | | | | 3,8 | | 58 | 0,3 | | | | 3,3 | 0,3 | 1,3 | 0,0 | | 2,3 | | | | 1,0 | | 59 | 0,9 | | | | 2,4 | 3,8 | 0,9 | 0,8 | | 4,6 | | | | 1,8 | | 60 | 0,1 | | | | | 1,3 | 1,0 | 0,0 | | 7,0 | | | | 2,0 | | 61 | 0,1 | | | | | 3,3 | 0,5 | 0,4 | | 0,1 | | | | 10,0 | | 62 | 0,1 | | | | | 2,3 | 0,8 | 0,8 | | 0,9 | | | | 13,3 | | 63 | 0,1 | | | | | 4,0 | 0,7 | 0,0 | | 0,9 | | | | 2,8 | | 64 | 0,4 | | | | | 3,0 | 0,9 | 0,8 | | 1,7 | | | | 2,8 | | 65 | 1,1 | | | | | 1,5 | 1,2 | 4,0 | | 3,0 | | | | 0,8 | | 66 | 0,5 | | | | | 0,5 | 0,8 | 1,6 | | 0,1 | | | | 8,5 | | 67 | 0,9 | | | | | 0,3 | 4,3 | 2,4 | | 2,9 | | | | 1,0 | | 68 | 0,0 | | | | | 1,5 | 2,9 | 3,2 | | 4,6 | | | | 6,0 | | 69 | 0,0 | | | | | 0,5 | 1,6 | 1,2 | | 4,6 | | | | 4,3 | | 70 | 0,0 | | | | | 1,3 | 1,5 | 0,8 | | 8,8 | | | | 3,3 | | 71 | 0,0 | | | | | 0,8 | 1,9 | 0,0 | | 1,9 | | | | 2,0 | | 72 | 0,0 | | | | | 3,5 | 1,4 | 1,6 | | 1,2 | | | | 2,0 | | 73 | 0,0 | | | | | 1,0 | 0,9 | 1,2 | | 2,2 | | | | 2,0 | | 74 | 0,0 | | | | | 0,5 | 0,5 | 3,2 | | 1,6 | | | | 6,8 | | 75 | 0,0 | | | | | 1,0 | 6,2 | 6,4 | | 8,8 | | | | 1,5 | | 76 | 0,0 | | | | | 0,8 | 1,1 | 1,2 | | 0,1 | | | | 4,5 | | 77 | 0,1 | | | | | 0,5 | 1,3 | 2,4 | | 0,3 | | | | 1,3 | | 78 | | | | | | 1,0 | 1,2 | 1,6 | | 0,6 | | | | 2,0 | | 79 | | | | | | 3,0 | 0,7 | 1,6 | | 1,6 | | | | 3,8 | | 80 | | | | | | 2,3 | 0,8 | 0,8 | | 1,5 | | | | 2,5 | | 81 | | | | | | 2,3 | 0,5 | 1,2 | | 0,1 | | | | 2,8 | | 82 | | | | | | 3,0 | 2,5 | 0,0 | | 12,6 | | | | 2,0 | | 83 | | | | | | 1,3 | 0,7 | 0,0 | | 3,9 | | | | 5,5 | | 84 | | | | | | 0,5 | 2,7 | 3,2 | | 0,1 | | | | 0,8 | | 85 | | | | | | 1,3 | 2,0 | 0,0 | | 0,8 | | | | 1,3 | | 86 | | | | | | 0,3 | 0,8 | 0,8 | | 2,1 | | | | 2,5 | | 87 | | | | | | 1,0 | 0,3 | 1,2 | | 0,9 | | | | 2,0 | | 88 | | | | | | 0,8 | 0,6 | 0,8 | | 2,4 | | | | 2,8 | | 89 | | | | | | 1,5 | 0,9 | 1,6 | | 1,9 | | | | 1,5 | | 90 | | | | | | 2,3 | 0,8 | 0,0 | | 0,1 | | | | 4,5 | | 91 | | | | | | 0,5 | 1,0 | 0,0 | | 0,2 | | | | 6,5 | | 92 | | | | | | 2,5 | 6,1 | 1,2 | | 0,1 | | | | 1,5 | | 93 | | | | | | 5,0 | 1,4 | | | 0,2 | | | | 1,5 | | 94 | | | | | | 0,8 | 5,0 | | | 0,1 | | | | 3,5 | | 95 | | | | | | 2,0 | 1,1 | | | 1,2 | | | | 2,8 | | 96 | | | | | | | | | | 0,8 | | | | 1,0 | | 97 | | | | | | | | | | 0,8 | | | | 2,5 | | 98 | | | | | | | | | | 1,3 | | | | 1,8 | | 99 | | | | | | | | | | 2,1 | | | | 2,0 | | 100 | | | | | | | | | | | | | | 1,0 | | 101 | | | | | | | | | | | | | | 1,5 | | 102 | | | | | | | | | | | | | | 1,0 | | 103 | | | | | | | | | | | | | | 1,5 | | 104 | | | | | | | | | | | | | | 3,5 | | 105 | | | | | | | | | | | | | | 3,0 | | 106 | | | | | | | | | | | | | | 13,3 | | 107 | | | | | | | | | | | | | | 1,0 | | 108 | | | | | | | | | | | | | | 3,0 | | 109 | | | | | | | | | | | | | | 3,8 | | 110 | | | | | | | | | | | | | | 0,8 | | 111 | | | | | | | | | | | | | | 3,8 | | 112 | | | | | | | | | | | | | | 2,8 | | 113 | | | | | | | | | | | | | | 1,5 | | 114 | | | | | | | | | | | | | | 1,3 | | 115 | | | | | | | | | | | | | | 6,8 | | 116 | | | | | | | | | | | | | | 0,3 | | 117 | | | | | | | | | | | | | | 0,3 | | 118 | | | | | | | | | | | | | | 5,0 | | 119 | | | | | | | | | | | | | | 3,8 | | 120 | | | | | | | | | | | | | | 3,5 | | 121 | | | | | | | | | | | | | | 2,0 | | 122 | | | | | | | | | | | | | | 2,3 | | 123 | | | | | | | | | | | | | | 2,3 | | 124 | | | | | | | | | | | | | | 0,5 | | Zone/Region | IE | DK | FI | SE | NL | NO | | --- | --- | --- | --- | --- | --- | --- | | 1 | 1,9 | 1,4 | 0,5 | 1,4 | 2,10 | 3,2 | | 2 | 2,6 | 1,7 | 0,7 | 1,0 | 1,57 | 1,2 | | 3 | 1,5 | 1,7 | 7,7 | 2,6 | 2,40 | 1,2 | | 4 | 2,1 | 1 | 1,5 | 1,7 | 1,67 | 4,6 | | 5 | 3,2 | 1,6 | 1,3 | 1,1 | 4,21 | 1,1 | | 6 | 1,4 | 1,9 | 0,9 | 1,0 | 2,31 | 6,6 | | 7 | 0,5 | 1,6 | 5,9 | 0,7 | 1,02 | 1,1 | | 8 | 1,5 | 0,7 | 1,9 | 0,6 | 2,57 | 4,6 | | 9 | 3,2 | 2,3 | 2,8 | 0,9 | 3,75 | 1,4 | | 10 | 4,1 | 2 | 2 | 0,8 | 2,14 | 1,4 | | 11 | 0,4 | 2,2 | 5,5 | 0,6 | 2,14 | 1,0 | | 12 | 1,3 | | 2,4 | 2,7 | 0,98 | 1,8 | | 13 | 2,9 | | 3,5 | 3,1 | 1,31 | 2,7 | | 14 | 0,8 | | 1,9 | 2,1 | 3,11 | 0,8 | | 15 | 0,8 | | 2,5 | 1,8 | 2,07 | 1,5 | | 16 | 1,0 | | 1,9 | 3,3 | 2,04 | 1,1 | | 17 | 1,5 | | 2,7 | 1,9 | 1,73 | 0,9 | | 18 | 0,7 | | 8,9 | 1,5 | 1,46 | 0,9 | | 19 | 1,4 | | 0,3 | 0,7 | 1,84 | 1,8 | | 20 | 0,6 | | | 1,5 | 0,71 | | | 21 | 0,2 | | | 1,7 | 1,77 | | | 22 | 1,9 | | | | 1,52 | | | 23 | 0,9 | | | | 1,33 | | | 24 | 0,2 | | | | 1,51 | | | 25 | 1,9 | | | | 1,26 | | | 26 | 1,3 | | | | 1,74 | | | 27 | | | | | 6,90 | | | 28 | | | | | 1,05 | | | 29 | | | | | 1,10 | | | 30 | | | | | 1,27 | | | 31 | | | | | 0,93 | | | 32 | | | | | 1,42 | | | 33 | | | | | 2,05 | | | 34 | | | | | 2,07 | | | 35 | | | | | 1,44 | | | 36 | | | | | 1,85 | | | 37 | | | | | 2,16 | | | 38 | | | | | 2,07 | | | 39 | | | | | 1,22 | | | 40 | | | | | 1,61 | | | 41 | | | | | 0,90 | | | 42 | | | | | 1,13 | | | 43 | | | | | 1,35 | | | 44 | | | | | 1,27 | | | 45 | | | | | 0,93 | | | 46 | | | | | 0,87 | | | 47 | | | | | 1,04 | | | 48 | | | | | 0,97 | | | 49 | | | | | 1,59 | | | 50 | | | | | 1,76 | | | 51 | | | | | 1,57 | | | 52 | | | | | 4,47 | | | 53 | | | | | 3,86 | | | 54 | | | | | 4,03 | | | 55 | | | | | 2,97 | | | 56 | | | | | 1,95 | | | 57 | | | | | 1,15 | | | 58 | | | | | 1,53 | | | 59 | | | | | 1,36 | | | 60 | | | | | 1,45 | | | 61 | | | | | 1,20 | | | 62 | | | | | 0,85 | | | 63 | | | | | 1,15 | | | 64 | | | | | 1,36 | | | 65 | | | | | 1,05 | | | 66 | | | | | 1,05 | | | 67 | | | | | 0,74 | | | 68 | | | | | 0,86 | | | 69 | | | | | 0,98 | | | 70 | | | | | 0,77 | | | 71 | | | | | 1,39 | | | 72 | | | | | 0,99 | | | 73 | | | | | 0,85 | | | 74 | | | | | 0,64 | | | 75 | | | | | 0,81 | | | 76 | | | | | 2,13 | | | 77 | | | | | 2,54 | | | 78 | | | | | 1,29 | | | 79 | | | | | 0,98 | | | 80 | | | | | 1,01 | | | 81 | | | | | 1,41 | | | 82 | | | | | 0,72 | | | 83 | | | | | 0,54 | | | 84 | | | | | 0,69 | | | 85 | | | | | 0,64 | | | 86 | | | | | 0,57 | | | 87 | | | | | 4,83 | | | 88 | | | | | 2,20 | | | 89 | | | | | 3,95 | | | 90 | | | | | 1,38 | | | 91 | | | | | | | | 92 | | | | | | | | 93 | | | | | | | | 94 | | | | | | | | 95 | | | | | | | | 96 | | | | | | | | 97 | | | | | | | | 98 | | | | | | | | 99 | | | | | | | | 100 | | | | | | | | 101 | | | | | | | | 102 | | | | | | | | 103 | | | | | | | | 104 | | | | | | | | 105 | | | | | | | | 106 | | | | | | | | 107 | | | | | | | | 108 | | | | | | | | 109 | | | | | | | | 110 | | | | | | | | 111 | | | | | | | | 112 | | | | | | | | 113 | | | | | | | | 114 | | | | | | | | 115 | | | | | | | | 116 | | | | | | | | 117 | | | | | | | | 118 | | | | | | | | 119 | | | | | | | | 120 | | | | | | | | 121 | | | | | | | | 122 | | | | | | | | 123 | | | | | | | | 124 | | | | | | |

Risk weights for hail risk

Zone/Region	AT	BE	CH	CZ	ES	DE	FR	IT	NL	SI	PL
1	3,1	2,8	2,8	4,1	7,5	0,5	12,6	3,7	4,0	3,7	1,6
2	3,4	2,7	1,6	4,7	1,7	0,0	1,9	3,7	5,8	2,7	1,6
3	1,8	2,0	0,3	5,1	6,7	0,0	5,7	3,7	5,3	2,1	1,7
4	23,6	3,1	2,1	5,7	0,0	0,8	8,7	0,0	1,4	3,6	1,8
5	0,2	2,0	6,7	4,6	1,7	0,4	5,4	0,0	6,6	2,8	1,7
6	1,9	3,9	4,0	4,5	3,3	2,7	3,9	0,8	0,1	2,1	1,2
7	8,3	2,0	0,1	5,1	16,7	0,4	12,3	0,8	0,3	3,5	1,7
8	0,3	2,8	0,2	5,2	2,5	0,8	2,7	0,0	2,9	3,0	1,5
9	1,4	2,4	1,5	5,0	1,7	0,2	27,6	0,0	9,6	3,6	1,4
10	0,8		0,3	3,8	0,0	0,1	1,7	0,0	0,1	3,1	1,2
11	3,1		6,1	2,7	7,5	0,9	6,8	10,8	6,1	2,6	0,9
12	2,8		3,0	3,2	0,0	0,1	8,7	10,8	2,8		1,1
13	1,0		0,1	3,0	0,0	0,0	2,8	10,8	2,0		1,7
14	17,4		2,7	2,7	6,7	0,1	0,3	10,8	0,6		1,5
15	0,2		4,4	4,1	1,7	0,0	3,7	10,8	0,2		1,3
16	0,9		0,3	4,5	10,0	0,0	8,5	10,8	2,0		0,8
17	1,7		1,4	4,3	5,0	0,2	0,6	10,8	0,1		1,2
18	1,4		1,9	4,9	2,5	0,0	7,2	10,8	0,1		1,5
19	0,3		5,9	3,0	10,0	0,1	12,4	10,8	3,4		1,9
20	0,3		0,5	2,8	0,0	0,0	2,5	10,8	1,5		1,4
21	0,4		1,3	3,4	3,3	0,0	8,1	7,5	5,6		1,5
22	1,1		1,3	4,2	3,3	0,0	0,1	7,5	0,5		1,4
23	0,2		1,4	2,7	3,3	0,0	10,2	7,5	0,5		1,4
24	5,3		1,2	2,3	6,7	5,5	2,0	7,5	4,2		2,0
25	15,9		1,3	2,6	5,0	0,5	8,3	7,5	1,4		1,8
26	5,8		4,9	3,2	3,3	0,1	25,3	7,5	11,6		2,6
27	1,6			2,9	8,4	0,1	1,0	7,5	12,0		1,3
28	3,8			3,2	0,0	3,3	4,7	7,5	1,3		2,0
29	5,4			4,6	5,0	1,7	0,0	10,8	4,3		1,5
30	7,9			3,4	6,7	3,1	3,6	7,5	2,6		2,7
31	16,5			3,9	3,3	17,4	14,0	3,3	0,4		2,8
32	5,6			2,8	6,7	1,8	7,7	3,3	13,4		3,0
33	5,9			3,2	2,5	2,0	5,8	3,3	12,0		1,6
34	2,4			2,8	6,7	1,7	0,3	3,3	0,3		2,0
35	2,7			2,8	1,7	2,1	0,2	3,3	3,2		2,1
36	14,1			4,3	10,0	2,2	1,3	3,3	0,2		2,3
37	0,4			2,9	2,5	6,1	7,6	3,3	10,6		2,2
38	3,5			4,1	0,0	19,7	10,6	3,3	3,4		1,6
39	6,1			3,0	2,5	5,4	11,6	3,3	3,1		2,1
40	3,1			3,7	7,5	7,9	2,8	3,3	0,2		2,1
41	10,4			4,8	2,5	3,7	2,3	7,5	5,9		1,7
42	5,4			4,6	3,3	3,5	10,4	7,5	7,2		1,9
43	1,1			4,2	6,7	3,0	4,8	7,5	3,8		1,8
44	5,9			3,8	3,3	9,8	0,1	7,5	3,5		2,0
45	11,3			5,0	12,5	3,4	3,4	7,5	3,9		2,0
46	4,5			3,2	1,7	2,7	12,2	3,3	3,2		1,6
47	0,3			2,3	6,7	13,2	18,1	7,5	1,2		1,9
48	3,3			2,8	0,1	11,9	13,7	7,5	2,5		2,1
49	1,3			2,7	0,5	8,7	2,1	7,5	0,6		2,3
50	2,1			4,0	1,2	13,9	1,9	3,7	4,7		2,6
51	11,4			4,5		11,2	6,4	3,7	2,9		2,0
52	2,7			5,0		2,1	10,9	3,7	4,6		2,1
53	0,2			3,0		6,0	4,7	3,7	0,3		2,1
54	0,4			3,2		5,0	2,0	3,7	2,4		1,8
55	7,9			3,0		3,3	0,8	3,7	5,8		2,5
56	0,4			3,0		11,2	0,1	3,7	2,4		1,3
57	0,2			4,1		0,3	2,7	3,7	5,2		2,0
58	8,2			2,8		4,3	19,9	3,7	2,1		2,6
59	3,6			2,7		2,4	1,9	3,7	8,5		2,1
60	4,7					3,0	1,9	0,8	9,7		1,4
61	1,5					0,7	16,1	0,8	8,9		1,7
62	3,9					18,2	1,4	0,8	0,1		1,6
63	2,6					5,3	2,6	0,8	0,1		1,1
64	2,4					4,9	15,3	0,8	7,4		1,5
65	4,8					0,3	20,0	0,8	4,1		1,2
66	0,8					8,0	2,0	0,8	0,8		1,1
67	1,2					15,3	4,6	0,8	0,3		1,6
68	0,4					11,7	12,1	0,0	3,2		2,3
69	10,7					7,7	17,1	0,0	1,5		2,1
70	1,3					1,7	13,6	0,0	1,6		2,3
71	4,5					6,4	12,1	0,0	2,9		0,7
72	15,0					5,6	0,7	0,0	7,1		0,9
73	0,3					5,0	15,3	0,0	4,1		1,2
74	1,2					7,8	9,5	0,0	1,6		1,6
75	1,3					8,0	6,2	0,0	1,4		1,7
76	0,2					55,9	0,7	0,0	0,1		0,4
77	4,2					41,6	1,9	0,0	0,4		1,2
78						7,9	1,7	0,0	0,3		1,4
79						10,7	1,1	0,0	0,0		1,6
80						8,7	4,6	0,8	5,1		0,9
81						7,8	3,7	0,0	0,7		0,9
82						15,8	20,4	0,0	0,3		1,3
83						5,2	0,6	0,0	1,0		1,0
84						3,2	0,6	0,0	1,1		1,1
85						12,4	1,3	0,0	5,1		1,0
86						9,1	1,3	0,0	2,5		1,6
87						4,2	1,7	0,0	1,8		1,2
88						8,5	3,2	0,0	0,3		1,6
89						3,9	3,3	0,0	4,4		1,6
90						6,4	6,0	0,0	3,0		0,3
91						2,7	2,3	0,0			1,0
92						3,0	1,0	0,0			2,1
93						2,5	4,0				1,9
94						2,5	0,7				1,2
95						1,4	2,3				1,9
96											1,9
97											1,3
98											1,7
99											1,9

Risk weights for subsidence risk

Zone	FR	BE	Zone	FR	BE	Zone	FR	BE	Zone	FR	BE	Zone	FR	BE
1	0,5	0,4	20	0,3		39	0,5		58	0,3		77	2,5
2	0,3	0,6	21	0,5		40	0,3		59	6,0		78	2,0
3	0,5	1,7	22	0,3		41	0,5		60	0,3		79	0,8
4	0,3	0,9	23	0,3		42	0,3		61	0,3		80	0,3
5	0,3	1,1	24	1,8		43	0,3		62	1,0		81	0,8
6	0,5	0,9	25	0,3		44	0,5		63	0,8		82	0,8
7	0,3	1,5	26	0,3		45	1,5		64	0,5		83	0,5
8	0,3	1,8	27	0,3		46	0,3		65	0,5		84	0,5
9	0,3	1,2	28	0,5		47	1,0		66	0,3		85	0,5
10	0,3		29	0,3		48	0,3		67	0,3		86	1,0
11	0,5		30	0,3		49	1,3		68	0,3		87	0,3
12	0,3		31	6,3		50	0,3		69	0,5		88	0,3
13	2,5		32	1,0		51	0,3		70	0,3		89	0,5
14	0,3		33	4,8		52	0,3		71	0,5		90	0,3
15	0,3		34	0,5		53	0,3		72	0,8		91	1,5
16	0,5		35	0,3		54	0,5		73	0,3		92	0,5
17	2,3		36	0,5		55	0,3		74	0,3		93	0,8
18	0,5		37	1,5		56	0,3		75	0,3		94	1,0
19	0,3		38	0,3		57	1,0		76	0,3		95	0,8

ANNEX XI

LIABILITY RISK GROUPS, RISK FACTORS AND CORRELATION COEFFICIENTS FOR THE LIABILITY RISK SUB-MODULE

i	Liability risk group i	Risk factor f(liability,i)
1	Professional malpractice liability insurance and proportional reinsurance obligations other than professional malpractice liability insurance and reinsurance for self-employed craftspersons or artisans	100 %
2	Employers liability insurance and proportional reinsurance obligations	160 %
3	Directors and officers liability insurance and proportional reinsurance obligations	160 %
4	Liability insurance and reinsurance obligations included in lines of business 8 and 20 as set out in Annex I, other than obligations included in liability risk groups 1 to 3 and other than personal liability insurance and proportional reinsurance and other than professional malpractice liability insurance and reinsurance for self-employed craftspersons or artisans	100 %
5	Non-proportional reinsurance of obligations relating to insurance obligations included in line of business 8 as set out in Annex I	210 %

For the purpose of the above table, the following definitions shall apply:

• (a) Professional malpractice liability insurance obligations mean liability insurance obligations included in line of business 8 as set out in Annex I which cover liabilities arising out of professional practice in relation to clients and patients;

• (b) Employers liability insurance obligations mean liability insurance obligations included in line of business 8 as set out in Annex I which cover liabilities of employers arising out of death, illness, accident, disability or infirmity of an employee in the course of the employment;

• (c) Directors and officers insurance obligations mean liability insurance obligations included in line of business 8 as set out in Annex I which cover liabilities of directors and officers of a company, arising out of the management of that company, or losses of the company itself to the extent it indemnifies its directors and officers in relation to such liabilities.

• (d) Personal liability insurance obligations mean liability insurance obligations included in line of business 8 as set out in Annex I which cover liabilities of natural persons in their capacity of private householders.

LIABILITY RISK CORRELATION COEFFICIENTS

| j *i | 1 | 2 | 3 | 4 | 5* |

| --- | --- | --- | --- | --- | --- | | 1 | 1 | 0 | 0,5 | 0,25 | 0,5 | | 2 | 0 | 1 | 0 | 0,25 | 0,5 | | 3 | 0,5 | 0 | 1 | 0,25 | 0,5 | | 4 | 0,25 | 0,25 | 0,25 | 1 | 0,5 | | 5 | 0,5 | 0,5 | 0,5 | 0,5 | 1 |

ANNEX XII

GROUPS OF OBLIGATIONS AND RISK FACTORS FOR THE SUB-MODULE FOR OTHER NON-LIFE CATASTROPHE RISK

| i | Group of insurance and reinsurance obligations i | Risk factor ci |

| --- | --- | --- | | 1 | Insurance and reinsurance obligations included in lines of business 6 and 18 as set out in Annex I other than marine insurance and reinsurance and aviation insurance and reinsurance | 100 % | | 2 | Reinsurance obligations included in line of business 27 as set out in Annex I other than marine reinsurance and aviation reinsurance | 250 % | | 3 | Insurance and reinsurance obligations included in lines of business 12 and 24 as set out in Annex I, other than extended warranty insurance and reinsurance obligations provided that the portfolio of these obligations is highly diversified and these obligation do not cover the costs of product recalls | 40 % | | 4 | Reinsurance obligations included in line of business 26 as set out in Annex I other than general liability reinsurance | 250 % | | 5 | Non-proportional reinsurance obligations relating to insurance obligations included in lines of business 9 and 21 as set out in Annex I | 250 % |

For the purpose of group 3, ‘extended warranty insurance obligation’ means insurance obligations which cover the cost of repair or replacement in the event of a breakdown of a consumer good used by the individuals in a private capacity and which may also provide additional cover against eventualities such as accidental damage, loss or theft and assistance in setting up, maintaining and operating the good.

ANNEX XIII

LIST OF REGIONS FOR WHICH NATURAL CATASTROPHE RISK IS NOT CALCULATED BASED ON PREMIUMS

- — Member States of the European Union

• — Principality of Andorra

- — Republic of Iceland

• — Principality of  Liechtenstein

- — Principality of Monaco

• — Kingdom of Norway

- — Republic of San Marino

• — Swiss Confederation

- — Vatican City State

ANNEX XIV

SEGMENTATION OF NSLT HEALTH INSURANCE AND REINSURANCE OBLIGATIONS AND STANDARD DEVIATIONS FOR THE NSLT HEALTH PREMIUM AND RESERVE RISK SUB-MODULE

	Segment	Lines of business, as set out in Annex I, that the segment consists of	Standard deviation for gross premium risk of the segment	Standard deviation for reserve risk of the segment
1	Medical expense insurance and proportional reinsurance	1 and 13	5 %	5,7 %
2	Income protection insurance and proportional reinsurance	2 and 14	8,5 %	14 %
3	Workers' compensation insurance and proportional reinsurance	3 and 15	9,6 %	11 %
4	Non-proportional health reinsurance	25	17 %	17 %

ANNEX XV

CORRELATION MATRIX FOR NSLT HEALTH PREMIUM AND RESERVE RISK

The correlation parameter CorrHS(s,t) referred to in Article 148(1) shall be equal to the item set out in row s and in column t of the following correlation matrix. The headings of the rows and columns denote the numbers of the segments set out Annex XIV:

t *s*	1	2	3	4
1	1	0,5	0,5	0,5
2	0,5	1	0,5	0,5
3	0,5	0,5	1	0,5
4	0,5	0,5	0,5	1

ANNEX XVI

HEALTH CATASTROPHE RISK SUB-MODULE OF THE SOLVENCY CAPITAL REQUIREMENT STANDARD FORMULA

GEOGRAPHICAL SEGMENTATION AND RISK FACTORS FOR THE MASS ACCIDENT RISK SUB-MODULE

Country s	rs — Ratio of persons affected by the mass accident in country s
Republic of Austria	0,30 %
Kingdom of Belgium	0,25 %
Republic of Bulgaria	0,30 %
Republic of Croatia	0,40 %
Republic of Cyprus	1,30 %
Czech Republic	0,10 %
Kingdom of Denmark	0,35 %
Republic of Estonia	0,45 %
Republic of Finland	0,35 %
French Republic; Principality of Monaco; Principality of Andorra	0,05 %
Hellenic Republic	0,30 %
Federal Republic of Germany	0,05 %
Hungary	0,15 %
Republic of Iceland	2,45 %
Ireland	0,95 %
Italian Republic; Republic of San Marino; Vatican City State	0,05 %
Republic of Latvia	0,20 %
Republic of Lithuania	0,20 %
Grand Duchy of Luxembourg	1,05 %
Republic of Malta	2,15 %
Kingdom of the Netherlands	0,15 %
Kingdom of Norway	0,25 %
Republic of Poland	0,10 %
Portuguese Republic	0,30 %
Romania	0,15 %
Slovak Republic	0,30 %
Republic of Slovenia	0,40 %
Kingdom of Spain	0,10 %
Kingdom of Sweden	0,25 %
Swiss Confederation	0,25 %
United Kingdom of Great Britain and Northern Ireland	0,05 %

DEFINITION OF EVENTS AND RISK FACTORS FOR THE MASS ACCIDENT RISK SUB-MODULE AND ACCIDENT CONCENTRATION RISK SUB-MODULE

Event type e	xe — Ratio of persons which will be affected by event type e as the result of the accident
Death caused by an accident	10 %
Permanent disability caused by an accident	3,5 %
Disability that lasts 12 months caused by an accident	16,5 %
Medical treatment caused by an accident	30 %

DEFINITION OF HEALTHCARE UTILISATION AND RISK FACTORS FOR THE PANDEMIC RISK SUB-MODULE

Healthcare utilisation type h	Hh — Ratio of persons with clinical symptoms which will utilise healthcare of type h
Hospitalisation	1 %
Consultation with a medical practitioner	20 %
No formal medical care sought	79 %

ANNEX XVII

METHOD-SPECIFIC DATA REQUIREMENTS AND METHOD SPECIFICATIONS FOR UNDERTAKING-SPECIFIC PARAMETERS OF THE STANDARD FORMULA

A. Definitions and notations

• (1)For the purpose of this Annex, the following definitions shall apply:

• (a) ‘accident year’ means, with respect to a payment for an insurance or reinsurance claim, the year in which the insured event that gave rise to that claim took place;

• (b) ‘development year’ means, with respect to a payment for an insurance or reinsurance claim, the difference between the year of that payment and the accident year of that payment.

• (c) ‘reporting year’ means, with respect to a payment for an insurance or reinsurance claim, the year in which the insured event that gave rise to that claim was notified to the insurance or reinsurance undertaking;

- (d) ‘financial year’ means, with respect to a payment for an insurance or reinsurance claim, the year in which this payment took place.

• (2)For the purpose of this annex, ‘segment s’ denotes the segment for which the undertaking-specific parameter is determined, being one of the segments set out in Annex II or one of the segments set out in Annex XIV.

B. Premium risk method

Input data and method-specific data requirements

• (1)The data for estimating the undertaking-specific standard deviation of segment s shall consist of the following:

• (a) the payments made and the best estimates of the provision for claims outstanding in segment s after the first development year of the accident year of those claims (aggregated losses);

• (b) the premiums earned in segment s;

• Those aggregated losses and earned premiums shall be available separately for each accident year of the insurance and reinsurance claims in segment s.

• (2)The following method-specific data requirements shall apply:

• (a) the data are representative for the premium risk that the insurance or reinsurance undertaking is exposed to during the following twelve months;

• (b) data are available for at least five consecutive accident years;

• (c) where the premium risk method is applied to replace the standard parameters referred to in Article 218(1)(a)(ii) and (c)(ii), the aggregated losses and earned premiums are not adjusted for recoverable from reinsurance contracts and special purpose vehicles or reinsurance premiums;

• (d) where the premium risk method is applied to replace the standard parameters referred to in Article 218(1)(a)(i) and (c)(i):
• i. the aggregated losses are adjusted for amounts recoverable from reinsurance contracts and special purpose vehicles which are consistent with the reinsurance contracts and special purpose vehicles that are in place to provide cover for the following twelve months;
• ii. the earned premiums are adjusted for reinsurance premiums which are consistent with the reinsurance contracts and special purpose vehicles that are in place to provide cover for the following twelve months;

• (e) the aggregated losses are adjusted for catastrophe claims to the extent that the risk of those claims is reflected in the non-life or health catastrophe risk sub-modules;

• (f) the aggregated losses include the expenses incurred in servicing the insurance and reinsurance obligations;

• (g) the data fit the following assumptions:
• i. expected aggregated losses in a particular segment and accident year are linear proportional in premiums earned in a particular accident year;
• ii. the variance of aggregated losses in a particular segment and accident year is quadratic in premiums earned in a particular accident year;
• iii. aggregated losses follow a lognormal distribution;
• iv. maximum likelihood estimation is appropriate.

Method specification

• (3)For the purpose of paragraphs 4-6, the following notation shall apply:

• (a) accident years are denoted by consecutive numbers starting with 1 for the first accident year for which data are available;

• (b) T denotes the latest accident year for which data are available;

• (c) for all accident years, the aggregated losses in segment s in a particular accident year t are denoted by yt;

• (d) for all accident years, the premiums earned in segment s in a particular accident year t are denoted by xt.

• (4)The undertaking-specific standard deviation of segment s shall be equal to the following:

• Image omitted; see official source

• where:

• (a) c denotes the credibility factor set out in section G;

• (b) Image omitted; see official sourcedenotes the standard deviation function set out in paragraph 5;

• (c) Image omitted; see official sourcedenotes the mixing parameter set out in paragraph 6;

• (d) Image omitted; see official sourcedenotes the logarithmic variation coefficient set out in paragraph 6.

- (e) σ(prem,s) denotes the standard parameter that should be replaced by the undertaking-specific parameter.

- (5)The standard deviation function shall be equal to the following function of two variables:

• Image omitted; see official source

• where:

• (a) Image omitted; see official sourceand Image omitted; see official sourceare defined in point (c) and (d) of paragraph 4;

• (b) exp denotes the exponential function;

• (c) ln denotes the natural logarithm;

• (d) πt denotes the following function of two variables: Image omitted; see official source where:
• i. Image omitted; see official sourceand Image omitted; see official sourceare defined in point (c) and (d) of paragraph 4;
• ii. Image omitted; see official source Image omitted; see official source

• (6)The mixing parameter and the logarithmic variation coefficient shall be the values Image omitted; see official sourceand Image omitted; see official sourcerespectively for which the following amount becomes minimal:

• Image omitted; see official source

• where:

• (a) ln denotes the natural logarithm;

- (b) πt denotes the function set out in point (d) of paragraph 5;

• (c) Image omitted; see official sourcedenotes the standard deviation function set out in paragraph 5;

• (d) Image omitted; see official source Image omitted; see official source

• For the determination of the minimal amount, no values for the mixing parameter less than zero or exceeding 1 shall be considered.

C. Reserve risk method 1

Input data and method-specific data requirements

• (1)The data for estimating the undertaking-specific standard deviation for non-life reserve risk or NSLT health reserve risk of segment s shall consist of the following:

• (a) the sum of the best estimate provision at the end of the financial year for claims that were outstanding in segment s at the beginning of the financial year and the payments made during the financial year for claims that were outstanding in segment s at the beginning of the financial year;

• (b) the best estimate of the provision for claims outstanding in segment s at the beginning of the financial year.

• The amounts referred to in points (a) and (b) shall be available separately for different financial years.

• (2)The following method-specific data requirements shall apply:

• (a) the data are representative for the reserve risk that the insurance or reinsurance undertaking is exposed to during the following twelve months

• (b) data are available for at least five consecutive financial years;

• (c) the data are adjusted for amounts recoverable from reinsurance contracts and special purpose vehicles which are consistent with the reinsurance contracts and special purpose vehicles that are in place to provide cover for the following twelve months;

• (d) the data include the expenses incurred in servicing the insurance and reinsurance obligations.

• (e) the data fit the following assumptions:
• i. the amount referred to paragraph 1(a) in that particular segment and financial year is linear proportional in the best estimate of the provision for claims outstanding in that particular segment and financial year;
• ii. the variance of the amount referred to in paragraph 1(a) in a particular segment and financial year is quadratic in the best estimate of the provision for claims outstanding in a particular segment and financial year;
• iii. the amount referred to paragraph 1(a) follows a lognormal distribution;
• iv. maximum likelihood estimation is appropriate.

Method specification

• (3)For the purpose of paragraphs 4-6, the following notation shall apply:

• (a) the financial years are denoted by consecutive numbers starting with 1 for the first financial year for which data are available;

• (b) T denotes the latest financial year for which data are available;

• (c) for all financial years, the amount referred to paragraph 1(a) in segment s in a particular financial year t is denoted by yt;

• (d) for all financial years, the best estimate of the provision for claims outstanding in segment s in a particular financial year t are denoted by xt.

• (4)The undertaking-specific standard deviation for non-life reserve risk or NSLT health reserve risk of segment s shall be equal to the following:

• Image omitted; see official source

• where:

• (a) c denotes the credibility factor set out in section G;

• (b) Image omitted; see official sourcedenotes the standard deviation function set out in paragraph 5;

• (c) Image omitted; see official sourcedenotes the mixing parameter set out in paragraph 6;

• (d) Image omitted; see official sourcedenotes the logarithmic variation coefficient set out in paragraph 6.

- (e) σ(prem,s) denotes the standard parameter that should be replaced by the undertaking-specific parameter.

- (5)The standard deviation function shall be equal to the following function of two variables:

• Image omitted; see official source

• where:

• (a) Image omitted; see official sourceand Image omitted; see official sourceare defined in point (c) and (d) of paragraph 4;

• (b) exp denotes the exponential function;

• (c) ln denotes the natural logarithm;

• (d) πt denotes the following function of two variables: Image omitted; see official source where:
• i. Image omitted; see official sourceand Image omitted; see official sourceare defined in point (c) and (d) of paragraph 4;
• ii. Image omitted; see official source Image omitted; see official source

• (6)The mixing parameter and the logarithmic variation coefficient shall be the values Image omitted; see official sourceand Image omitted; see official sourcerespectively for which the following amount becomes minimal:

• Image omitted; see official source

• where:

• (a) ln denotes the natural logarithm;

• (b) πt denotes the function set out in point (c) of paragraph 5;

- (c) Image omitted; see official sourcedenotes the standard deviation function set out in paragraph 5;

• (d) Image omitted; see official source Image omitted; see official source

• For the determination of the minimal amount, no values for the mixing parameter less than zero or exceeding 1 shall be considered.

D. Reserve risk method 2

Input data and method-specific data requirements

• (1)The data for estimating the undertaking-specific standard deviation for deviation for non-life reserve risk or NSLT health reserve risk of segment s shall consist of cumulative payment amounts for insurance or reinsurance claims in segment s (cumulative claims amounts), separately for each accident year and development year of the payments.

• (2)The following method-specific data requirements shall apply:

• (a) the data are representative for the reserve risk that the insurance or reinsurance undertaking is exposed to during the following twelve months;

• (b) data are available for at least five consecutive accident years;

• (c) in the first accident year, data are available for at least five consecutive development years;

• (d) in the first accident year the cumulative payment amount of the last development year for which data are available includes all the payments of the accident year except an immaterial amount;

• (e) the number of consecutive accident years for which data are available is not less than the number of consecutive development years in the first accident year for which data are available;

• (f) the cumulative claims amounts are adjusted for amounts recoverable from reinsurance contracts and special purpose vehicles which are consistent with the reinsurance contracts and special purpose vehicles that are in place to provide cover for the following twelve months;

• (g) the cumulative claims amounts shall include the expenses incurred in servicing the insurance or reinsurance obligations;

• (h) the data are consistent with the following assumptions about the stochastic nature of cumulative claims amounts:
• i. cumulative claims amounts for different accident years are mutually stochastically independent;
• ii. for all accident years the implied incremental claim amounts are stochastically independent;
• iii. for all accident years the expected value of the cumulative claims amount for a development year is proportional to the cumulative claims amount for the preceding development year;
• iv. for all accident years the variance of the cumulative claims amount for a development year is proportional to the cumulative claims amount for the preceding development year.

• For the purposes of point (d), a payment amount shall be considered to be material where ignoring it in the calculation of the undertaking-specific parameter could influence the decision-making or the judgement of the users of that information, including the supervisory authorities

Method specification

• (3)For the purpose of paragraphs 4 and 5, the following notation shall apply:

• (a) the accident years are denoted by consecutive numbers starting with 0 for the first accident year for which data are available;

• (b) I denotes the latest accident year for which data are available;

- (c) J denotes the latest development year in the first accident year for which data are available;

- (d) C(i,j) denotes the cumulative claims for accident year i and development year j.

• (4)The undertaking-specific standard deviation for non-life reserve risk or NSLT health reserve risk of segment s shall be equal to the following:

• Image omitted; see official source

• where:

• (a) c denotes the credibility factor set out in section G;

• (b) MSEP denotes the mean squared error of prediction as specified in paragraph 5;

• (c) for all accident years and development years, Image omitted; see official sourcedenotes the cumulative claims estimate for the specific accident year i and development year j, being defined as follows: Image omitted; see official source where for all development years Image omitted; see official sourcedenotes for development factor estimate of the specific development year j, being defined as follows: Image omitted; see official source

• (d) σ(res,s) denotes the standard parameter for non-life reserve risk or NSLT health reserve risk of segment s.

- (5)The mean squared error of prediction shall be equal to the following:

• Image omitted; see official source

• where:

• (a) for all accident years and development years, Image omitted; see official sourcedenotes the cumulative claim estimate in the specific accident year i and development year j, as set out in paragraph 4(c).

• (b) for all development years, Sj denotes for a specific development year j the following amount: Image omitted; see official source

• (c) for all development years, S′j denotes for a specific development year j the following amount: Image omitted; see official source

• (d) for all development years, Image omitted; see official sourcedenotes for a specific development year j the following amount: Image omitted; see official source where:
• (i) Image omitted; see official sourcedenotes the development factor estimate of development year j as set out in paragraph 4(c);
• (ii) Image omitted; see official sourcedenotes the following amount: Image omitted; see official source j = 0,…, (J – 2) Image omitted; see official source j = (J – 1)

E. Revision risk method

Input data and method-specific data requirements

• (1)The data for estimating the undertaking-specific increase in the amount of annuity benefits shall consist of annual amounts of annuity benefits of annuity insurance obligations where the benefits payable could increase as a result of changes in the legal environment or in the state of health of the person insured (annuity benefits), separately for consecutive financial years and each beneficiary.

• (2)The following method-specific data requirements shall apply:

• (a) the data are representative for the revision risk that the insurance or reinsurance undertaking is exposed to during the following twelve months;

• (b) data are available for at least five consecutive financial years;

• (c) the annuity benefits are gross, without deduction of the amounts recoverable from reinsurance contracts and special purpose vehicles;

• (d) the annuity benefits shall include the expenses incurred in servicing the annuity obligations;

• (e) the data are consistent with the following assumptions about the stochastic nature of increases in the amount of annuity benefits:
• i. the annual number of annuity increases follows a negative binomial distribution, including in the tail of the distribution;
• ii. the amount of an annuity increase follows a lognormal distribution, including in the tail of the distribution;
• iii. the annual number of annuity increases and the amounts of the annuity increase are mutually stochastically independent.

Method specification

• (3)For the purpose of paragraphs 4-8, the following notation shall apply:

• (a) the financial years are denoted by consecutive numbers starting with 1 for the first financial year for which data are available;

• (b) T denotes the latest financial year for which data are available;

• (c) A(i,t) denotes the annuity benefits of beneficiary i in financial year t;

• (d) D(i,t) denotes the change of annuity benefits after financial year t, being equal to the following difference: Image omitted; see official source

• (4)The undertaking-specific increase in the amount of annuity benefits shall be equal to the following:

Image omitted; see official source

• where:

• (a) c denotes the credibility factor set out in section G;

• (b) Image omitted; see official source

• (c) VaR 0,995(R) denotes the 99,5 % quantile of the distribution of annuity increases set out in paragraph 6;

• (d) S is equal to 3 % where the calculation is done for the purpose of the revision risk sub-module set out in Article 141 and equal to 4 % where the calculation is done for the purpose of the health revision risk sub-module set out in Article 158.

• (5)The expected value of annuity increases shall be equal to the following:

Image omitted; see official source

• where:

• (a) Image omitted; see official source

• (b) Image omitted; see official source

• (6)The annuity increases shall be equal to the following:

Image omitted; see official source

- where:

• (a) N denotes the annual number of annuity increases and follows a negative binominal distribution with an expected value that is equal to the estimated number of changes in annuity benefits set out in point (b) of paragraph 5 and with a standard deviation that is equal to the estimated standard deviation of the number of changes in annuity benefits set out in paragraph 7;

• (b) Xk denotes the amount of an annuity increase and follows a lognormal distribution with an expected value that is equal to the estimated average change in annuity benefits set out in point (a) of paragraph 5 and with a standard deviation that is equal to the estimated standard deviation of changes in annuity benefits set out in paragraph 8;

• (c) the annual number of annuity increases and the amounts of the annuity increase are mutually stochastically independent.

• (7)The estimated standard deviation of the number of changes in annuity benefits shall be equal to the following:

• Image omitted; see official source

• where:

• (a) Nt denotes the number of changes in annuity benefits in financial years t that are larger than zero;

• (b) Image omitted; see official source

• (8)The estimated standard deviation of changes in annuity benefits shall be equal to the following:

• Image omitted; see official source

- where:

• (a) the sum includes only those beneficiaries i and financial years t for which D(i,t) is larger than zero;

• (b) n denotes the number of summands of the sum referred to in point (a);

• (c) Image omitted; see official source

F1.   Non-proportional reinsurance method 1

Input data and method-specific data requirements

• (1)The data for estimating the undertaking-specific adjustment factor for non-proportional reinsurance shall consist of the ultimate claim amounts of insurance and reinsurance claims that were reported to the insurance or reinsurance undertaking in segment s during the last financial years, separately for each insurance and reinsurance claim.

• (2)The following method-specific data requirements shall apply:

• (a) the data are representative for the premium risk that the insurance or reinsurance undertaking is exposed to during the following twelve months;

• (b) the data do not indicate a higher premium risk than reflected in the standard deviation for premium risk used to calculate the Solvency Capital Requirement;

• (c) the ultimate claim amounts are estimated in the year the insurance and reinsurance claims were reported;

• (d) data are available for at least five reporting years;

• (e) where the recognisable excess of loss reinsurance contract applies to gross claims, the ultimate claim amounts are gross;

• (f) where the recognisable excess of loss reinsurance contract applies to claims after deduction of the recoverables from certain other reinsurance contracts and special purpose vehicles, the amounts receivable from those certain other reinsurance contracts and special purpose vehicles are deducted from the ultimate claim amounts;

• (g) the ultimate claim amounts shall not include expenses incurred in servicing the insurance and reinsurance obligations;

• (h) the data are consistent with the assumption that ultimate claim amounts follow a lognormal distribution, including in the tail of the distribution.

Method specification

• (3)For the purpose of paragraphs 4-7, the following notation shall apply:

• (a) insurance and reinsurance claims for which data are available are denoted by consecutive numbers starting with 1;

• (b) n denotes the number of insurance and reinsurance claim for which data are available;

• (c) Yi denotes the ultimate claim amount of insurance or reinsurance claim i;

• (d) μ and ω denote the first and second moment, respectively, of the claim amount distribution, being equal to the following amounts: Image omitted; see official source Image omitted; see official source

• (e) b 1 denotes the amount of the retention of the recognisable excess of loss reinsurance contract referred to in Article 218(2);

• (f) where the recognisable excess of loss reinsurance contract referred to in Article 218(2) provides compensation only up to a specified limit, b2 denotes the amount of that limit.

• (4)The undertaking-specific specific adjustment factor for non-proportional reinsurance shall be equal to the following:

Image omitted; see official source

• where:

• (a) c denotes the credibility factor set out in section G;

• (b) NP′ denotes the estimated adjustment factor for non-proportional reinsurance set out in paragraph 5;

• (c) NP denotes the adjustment factor for non-proportional reinsurance set out in Article 117(2).

- (5)The estimated adjustment factor for non-proportional reinsurance shall be equal to the following:

| | | |

| --- | --- | --- | | NP′ = Image omitted; see official source | Image omitted; see official source, | where paragraph 3(f) applies, | | NP′ = Image omitted; see official source | Image omitted; see official source | else. |

• where the parameters μ 2, ω 1 and ω 2 are set out in paragraph 6.

• (6)The parameters, μ 2, ω 1 and ω 2 shall be equal to the following:

Image omitted; see official source

Image omitted; see official source

Image omitted; see official source

• where:

• (a) N denotes the cumulative probability function of the normal distribution;

• (b) ln denotes the natural logarithm;

- (c) the parameters θ and η are equal to the following:

Image omitted; see official source Image omitted; see official source.

• (7)Notwithstanding paragraph 5, where non-proportional reinsurance covers homogeneous risk-groups within a segment, the estimated adjustment factor for non-proportional reinsurance shall be equal to the following:

Image omitted; see official source

• where:

• (a) V(prem,h) denotes the volume measure for premium risk of the homogeneous risk group h determined in accordance with paragraph 3 of Article 116;

• (b) NP′(h) denotes the estimated adjustment factor for non-proportional reinsurance of homogeneous risk group h determined in accordance with paragraph 5.

F2.   Non-proportional reinsurance method 2

Input data and method-specific data requirements

• (1) The data for estimating the undertaking-specific adjustment factor for non-proportional reinsurance shall consist of the aggregated annual losses of insurance and reinsurance claims that were reported to the insurance or reinsurance undertaking in segment s during the last financial years.

• (2) The following method-specific data requirements shall apply:
• (a) the data are representative for the premium risk that the insurance or reinsurance undertaking is exposed to during the following 12 months;
• (b) the data do not indicate a higher premium risk than reflected in the standard deviation for premium risk used to calculate the Solvency Capital Requirement;
• (c) the aggregated annual losses are estimated in the year the insurance and reinsurance claims were reported;
• (d) data are available for at least five reporting years;
• (e) where the recognisable stop loss reinsurance contract applies to gross claims, the aggregated annual losses are gross;
• (f) where the recognisable stop loss reinsurance contract applies to claims after deduction of the recoverables from certain other reinsurance contracts and special purpose vehicles, the amounts receivable from those certain other reinsurance contracts and special purpose vehicles are deducted from the aggregated annual losses;
• (g) the aggregated annual losses shall not include expenses incurred in servicing the insurance and reinsurance obligations;
• (h) the data are consistent with the assumption that aggregated annual losses follow a lognormal distribution, including in the tail of the distribution.

Method specification

- (1) For the purpose of paragraphs 4-7, the following notation shall apply:

• (a) n denotes the number of financial years for which aggregated annual losses data is available;
• (b) Yi denotes the aggregated losses in financial year i;
• (c) μ and ω denote the first and second moment, respectively, of the aggregated annual losses distribution, being equal to the following amounts: Image omitted; see official source and Image omitted; see official source
• (d) b 1 denotes the amount of the retention of the recognisable stop loss reinsurance contract referred to in Article 218(2);
• (e) where the recognisable stop loss reinsurance contract referred to in Article 218(2) provides compensation only up to a specified limit, b2 denotes the amount of that limit.

• (2) The undertaking-specific specific adjustment factor for non-proportional reinsurance shall be equal to the following: NP USP = c · NP′ + (1 – c) · NP where:
• (a) c denotes the credibility factor set out in section G;
• (b) NP′ denotes the estimated adjustment factor for non-proportional reinsurance set out in paragraph 5;
• (c) NP denotes the adjustment factor for non-proportional reinsurance set out in Article 117(2).

- (3) The estimated adjustment factor for non-proportional reinsurance shall be equal to the following:

NP′ =

Image omitted; see official source where paragraph 3(e) applies, Image omitted; see official source else. where the parameters μ1, μ2, ω1 and ω2 are set out in paragraph 6.

• (4) The parameters μ1, μ2, ω1 and ω2 shall be equal to the following: Image omitted; see official source Image omitted; see official source Image omitted; see official source Image omitted; see official source where:
• (a) N denotes the cumulative probability function of the normal distribution;
• (b) ln denotes the natural logarithm;
• (c) the parameters θ and η are equal to the following: Image omitted; see official source Image omitted; see official source

• (5) Notwithstanding paragraph 5, where non-proportional reinsurance covers homogeneous risk-groups within a segment, the estimated adjustment factor for non-proportional reinsurance shall be equal to the following: Image omitted; see official source where:
• (a) V ( prem,h ) denotes the volume measure for premium risk of the homogeneous risk group h determined in accordance with paragraph 3 of Article 116;
• (b) NP′ ( h ) denotes the estimated adjustment factor for non-proportional reinsurance of homogeneous risk group h determined in accordance with paragraph 5.

G. Credibility factor

• (1)The credibility factor for segments 1, 5 and 6 set out in Annex II shall be equal to the following:

Time lengths in years	Credibility factor c
5	34 %
6	43 %
7	51 %
8	59 %
9	67 %
10	74 %
11	81 %
12	87 %
13	92 %
14	96 %
15 and larger	100 %

• (2)The credibility factor for segments 2 to 4 and 7 to 12 set out in Annex II, for the segments set out Annex XIV and for the revision risk method shall be equal to the following:

Time lengths in years	Credibility factor c
5	34 %
6	51 %
7	67 %
8	81 %
9	92 %
10 and larger	100 %

• (3)The time length shall be equal to the following:

• (a) for the premium risk method, the number of accident years for which data are available;

• (b) for reserve risk method 1, the number of financial years for which data are available;

- (c) for reserve risk method 2, the number of accident years for which data are available;

• (d) for the revision risk method, the number of financial years for which data are available;

- (e) for the non-proportional reinsurance method, the number of reporting years for which data are available.

ANNEX XVIII

INTEGRATION TECHNIQUES FOR PARTIAL INTERNAL MODELS

A. General provisions

• (1)For the purposes of this Annex, the following definitions shall apply:

• (a) ‘unit of the partial internal model’ is a component of the partial internal model that is separately calculated and not aggregated within the partial internal model;

• (2)Where insurance and reinsurance undertakings apply integration techniques 1 to 5, their Solvency Capital Requirement shall be the sum of the following items:

• (a) the Basic Solvency Capital Requirements as laid down in sections C to F;

• (b) the capital requirement for operational risk as laid down in Article 107 of Directive 2009/138/EC, where that capital requirement is not within the scope of the partial internal model, and calculated with the partial internal model, where that capital requirement is within the scope of the partial internal model;

• (c) the adjustment for the loss-absorbing capacity of technical provisions and deferred taxes, as laid down in paragraph 3, where that adjustment is not within the scope of the partial internal model, and calculated with the partial internal model where that adjustment is within the scope of the partial internal model.

• (3)Where the adjustment for the loss-absorbing capacity of technical provisions and deferred taxes is not within the scope of the partial internal model, it shall be calculated as laid down in Articles 205 to 207, but with the following changes:

• (a) the Basic Solvency Capital Requirement referred to in Articles 206(1) and (2) and 207(1) is calculated in accordance with sections B to F;

• (b) points (a) to (d) of Article 206(2) apply only to calculations with the standard formula;

• (c) for the purposes of Article 206(2) the capital requirements used in the calculation of the Basic Solvency Capital Requirement that are calculated with the partial internal take into account the risk-mitigating effect provided by future discretionary benefits of insurance contracts;

• (d) the capital requirement for operational risk referred to in Article 207(1)(c) is calculated in accordance with paragraph 2(b).

B. Integration technique 1

The Basic Solvency Capital Requirement shall be equal to the sum of the capital requirements for the units of the partial internal model, the capital requirement derived by applying the standard formula for the Basic Solvency Capital Requirement only to the risks that are out of the scope of the partial internal model and the capital requirement for intangible asset risk as set out in Article 203.

C. Integration technique 2

• (1)The Basic Solvency Capital Requirement shall be equal to the following:

Image omitted; see official source

• where:

• (a) the sum covers all possible combinations (i,j) of the aggregation list set out in paragraph 2;

- (b) Corr(i,j) denotes the correlation parameter, for items i and j of the aggregation list;

• (c) SCRi and SCRj denote the capital requirements for the items i and j of the aggregation list respectively;

• (d) SCRint denotes the capital requirement for intangible asset risk as set out in Article 203.

• (2)The items on the aggregation list shall meet the following requirements:

• (a) they shall cover each of the units of the partial internal model;

• (b) they include each of the following sub-modules of the standard formula excluding those within the scope of the partial internal model:
• i. the sub-modules of the non-life underwriting risk module set out in Article 114(1);
• ii. the sub-modules of the life underwriting risk module set out in Article 105(3) of Directive 2009/138/EC;
• iii. the sub-modules of the health underwriting risk module set out in Article 151(1);
• iv. the sub-modules of the market risk module set out in Article 105(5) of Directive 2009/138/EC;