EIOPA · 1002

1002

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
189
Submitted
2018-06-21
Answered
2019-09-10
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Question

Would you be so kind and provide me with advice on the following: Are REINSURANCE RECEIVABLES type 1 or type 2 exposures for the purposes of the calculation of capital requirement for counterparty default risk? My understanding is that reinsurance receivables are Type 1 and LGD is calculated according to Art 192 paragraph 2 (same as reinsurance recoverables).

Answer

Reinsurance receivables related to risk-mitigation contracts such as reinsurance arrangements should be included in the calculation of the capital requirement for counterparty default risk on type 1 exposures.
View original on European Insurance and Occupational Pensions Authority ↗

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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