EIOPA · 1386

1386

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
117
Submitted
2017-11-14
Answered
2019-09-05
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Question

Article 117 (3) mentions an adjustment for non proportional reinsurance. Is it possible to apply this adjustment even if no proportional reinsurance is in place?

Answer

Notwithstanding any potential consequences resulting from the own risk and solvency assessment and the supervisory review process, for the calculation set out in Article 117(3) DA the respective adjustment factor for non-proportional reinsurance set out in the second or third sentence should be used irrespective of the actual reinsurance.
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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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