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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 18 January 2015 - onwards
Version 2 of 2

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.