EIOPA · 382
382
- Regulation
- Guidelines on loss-absorbing capacity of technical provisions and deferred taxes
- Article
- 103
- Submitted
- 2015-09-04
- Answered
- 2019-10-16
Question
What represent "grossSCRsolo" & "netSCRsolo", knowing the fact that "gross" & "net" is relevant until Basic SCR, but not downstream until "SCR" ?
To explain this 2 values, you mention "aggregated grossSCRsolo, sub-module" & "aggregated netSCRsolo, sub-module", but here as well, what represent this values ?It seems that they represent respectively "BSCRsolo" & "nBSCRsolo", don't they ?
Answer
"GrossSCRsolo” represents Basic Solvency Capital Requirement referred to in Article 103(a) of Directive 2009/138/EC. “NetSCRsolo” represents net Basic Solvency Capital Requirement as referred to in Article 206(2) of Delegated Regulation 2015/35 (please refer also to para. 1.44 in GL 17). These values should be calculated at sub-modular level, as indicated in para. 1.43 of GL 17.
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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