EIOPA · 1832

1832

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
116
Submitted
2019-08-15
Answered
2019-09-13
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Question

How does an undertaking take account of any discounts it applies to its premiums to its policyholders when calculating the volume measure for premium risk?

Answer

The volume measure for premium risk equals the premiums to be earned after the application of any adjustment, including discounts. If an undertaking discounts its written premium from 100 to 90 for a one-year contract, the premium to be earned for this contract in the calculation of the volume measure, Ps, equals 90.
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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