Solvency II - Lloyd's

total expenses amount within QMC 441/QMC451 should agree to the total expenses amount in
QMC440/QMC450 respectively.
2.23 QMC442 (Non-life)/QMC452 (Life): Premiums, claims and expenses (by line of
business) – Quarterly data
Purpose of form: This form reports written premiums, claims and expenses paid by Solvency II lines of
business.
This form is required for all reporting years combined and will be required on a quarterly basis.
Information required for quarterly reporting covers the latest quarter (and not year to date).
Line 13/10 - Other expenses: This cell is an analysis cell. All material amounts included in this cell must be
separately listed in the analysis table (see section 1.10 ‘analysis cell’ above for details of materiality).
2.24 QMC443 (Non-life)/QMC453 (Life): Premiums, claims and expenses (by country) –
Quarterly data
Purpose of form: This form reports activity through written premiums and claims paid by country of
localisation of risk for major countries.
This form is required for all reporting years combined and will be required on a quarterly basis.
Information required on this form is the split of information reported in QMC442/452, but split by five major
countries as specified in QMC441/451. The balance should be reported in the “OTHER” column.
Line 9/7 – Total expenses: Total amount of expenses corresponding to the above five countries should be
reported within this line, E9/E7 and the balance should be reported in F9/F7. Total expenses amount within
QMC443/QMC453 should agree to the total expenses amount in QMC442/QMC452 respectively.
2.25 QMC510 (non-life)/QMC511 (life): Minimum Capital Requirement (MCR)
Purpose of form: This form provides details of the input and output of the MCR calculation.
This form must be reported on both a quarterly and annual basis. It is required for all reporting years
combined and will be required on a quarterly and annual basis.
The calculation of the MCR combines a linear formula with a floor of 25% and a cap of 45% of the SCR. The
MCR is subject to an absolute floor, expressed in euro, depending on the nature of the undertaking (as
defined in Article 129 (1) (d) of the Solvency II Directive). However, these will not apply at syndicate level and
the reported MCR reported on this form will be the result of applying set factors to the technical provisions
and written premiums.
The written premiums should be for the preceding 12 months to the reporting date and should be net of
reinsurance premiums ceded which corresponds to these premiums. The technical provisions should be net
of reinsurance recoverables and should be without the risk margin (i.e. the best estimate technical provision
should be used).
2.26 QMC520: Solvency Capital Requirement – for syndicates on standard formula or
partial internal models
Purpose of form: This form reports the output of the SCR calculation for syndicates on standard formula or
partial internal model.
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