EIOPA · 376
376
- Regulation
- Guidelines on valuation of technical provisions
- Article
- 76
- Submitted
- 2015-07-10
- Answered
- 2019-10-17
Question
For the purpose of calculating the Operational Risk SCR the Life Technical Provisions (TPlife) should be calculated "without deduction of recoverables from reinsurance contracts".
Does this mean that future reinsurance risk premiums payable should be allowed for but claims recoverable not allowed for?
Answer
For the purpose of calculating the operational risk, only ‘earned premiums during the last 12 months’ are considered and they should be gross, without deduction for premiums of reinsurance contracts.
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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