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Article 119 Non-life catastrophe risk sub-module
1. The non-life catastrophe risk sub-module shall consist of all of the following sub-modules:
(a) the natural catastrophe risk sub-module;
(b) the sub-module for catastrophe risk of non-proportional property reinsurance;
(c) the man-made catastrophe risk sub-module;
(d) the sub-module for other non-life catastrophe risk.
2. The capital requirement for the non-life catastrophe underwriting risk module shall be equal to the following:
where:
(a) SCRnatCAT denotes the capital requirement for natural catastrophe risk;
(b) SCRnpproperty denotes the capital requirement for the catastrophe risk of non-proportional property reinsurance;
(c) SCRmmCAT denotes the capital requirement for man-made catastrophe risk;
(d) SCRCATother denotes the capital requirement for other non-life catastrophe risk.