EIOPA · 1291

1291

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
174
Submitted
2018-03-12
Answered
2019-09-05

Question

We run a timber fund, investing in forests (not leveraged). Our investors want to know whether timber can be treated the same way as real estate with a capital charge of 25%. Would this also apply to agricultural land?

Answer

Notwithstanding any potential consequences resulting from the own risk and solvency assessment and the supervisory review process, silvicultural properties and agricultural land should be covered in the property risk sub-module.

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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