EIOPA · 1992

Other

Regulation
(EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article
119
Topic
Other
Submitted
2019-11-13
Answered
2020-02-14
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Question

Could you kindly confirm that there are no catastrophe shocks prescribed for Legal Expenses insurance and proportional reinsurance under the Standard Formula?

Answer

We confirm there is no catastrophe shock prescribed for the Legal Expenses Lines of Business (both direct and indirect proportional reinsurance businesses - number 10 and 22 from Annex I of the Delegated Regulation).
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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