EIOPA · 2771

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: 123
Topic: Solvency Capital Requirement (SCR)
Submitted: 2023-08-25
Answered: 2023-09-28

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Question

I have a question on Article 123 of the Delegated Acts, which refers to all regions in Annex VIII. Why is the Netherlands not considered as a country with exposure towards flood insurance?

Answer

This question has been rejected because it does not relate to the consistent and effective application of the legal framework covered by this Q&A process. However, indeed the Netherlands are not considered yet in the Standard formula for flood. We are however performing a (re)assessment of the Nat Cat parameters of the Standard Formula and are considering the Netherlands for flood. The discussion paper should be out for public consultation around mid 2024.

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