EIOPA · 2443

Solvency Capital Requirement (SCR)

Name: Solvency Capital Requirement (SCR): EIOPA Q&A — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: N/A
Topic: Solvency Capital Requirement (SCR)
Submitted: 2022-05-27
Answered: 2022-07-31

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Question

Could you please confirm that the correlation coefficient for windstorm risk in the Czech Republic for the risk zones 78 and 79 really are 0,8?

Background

We see that all other coefficients are multiplicator of 0,25 so and wonder is this a pdf conversion effect or the coefficients are really 0,8. As they did not change from the original 2015/35 and they are written 0,8 but in QIS helper tabs from 2013 there was also 0,75 as a correlation factor (not 0,8).

Answer

Yes, you are correct this is a pdf conversion issue. It should be 0,75 and not 0,8. This should be fixed in a later update.

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