EIOPA · 1061

1061

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
182
Submitted
2018-06-21
Answered
2019-09-10
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Question

I have a simple and quick question. It is more a "language issue".Par 4, Article 182 suggest calculating weighted average CQS as a "rounded-up average". I was wondering what does "rounded-up" means. I will show my understanding on example:roundup of 3.2 = 4roundup of 3.7 = 4roundup of 3 = 3roundup of 3.01 = 4Is it like this? I imagine this may seem like very silly question - sorry about that - but the translations to other languages are not very clear and they use simply wording "rounded average".

Answer

Value    Rounded-up                value3.2    43.7    43.0    33.01    4
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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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