Solvency II - Lloyd's

sub-module, a zero value can be reported. In cases that all liabilities are explicitly or implicitly affected by a
shock, the total amount of all liabilities should be reported.
2.32 QMC526: Solvency Capital Requirement – Health underwriting risk
Purpose of form: This form reports the capital requirement for the health underwriting risk component of the
SCR where this has been calculated using the standard formula.
This form is required with respect to the prospective reporting year, for example, when reporting for the year
end 2014, the reporting year to be indicated on the form should be 2015 as the SCR being reported would
relate to business due to be written in 2015. It will be required on an annual basis.
This form should only be completed where the syndicate is using the standard formula to calculate the health
underwriting risk component of the SCR.
This form captures the assets and liabilities driving each risk in requiring a reporting of those assets and
liabilities exposed to a shock. Thus, it is not expected that the sum of all assets and liabilities adds up to
100% of the total of assets and liabilities. Where liabilities are not exposed to a specific SLT health
underwriting risk sub-module at all, a zero value can be reported. In cases that all liabilities are explicitly or
implicitly affected by a shock, the total amount of all liabilities should be reported.
2.33 QMC527: Solvency Capital Requirement – Non-life underwriting risk
Purpose of form: This form reports the capital requirement for the non-life underwriting risk component of the
SCR where this has been calculated using the standard formula.
This form is required with respect to the prospective reporting year, for example, when reporting for the year
end 2014, the reporting year to be indicated on the form should be 2015 as the SCR being reported would
relate to business due to be written in 2015. It will be required on an annual basis.
This form should only be completed where the syndicate is using the standard formula to calculate the nonlife
underwriting risk component of the SCR
The volume measure for premium risk for each line of business should be determined as the higher of an
estimate of premiums to be earned during the following 12 months and the premiums earned during last 12
months, plus expected present value of premiums to be earned after the following 12 months for existing
contracts plus expected present value of premiums to be earned after the following 12 months for contracts
where the initial recognition date falls in the following 12 months.
The volume measure for reserve risk for each line of business is equal to the best estimate for the provisions
for claims outstanding for the segment, after deduction of the amount recoverable from reinsurance contracts
and special purpose vehicles.
2.34 QMC528: Solvency Capital Requirement – Non-life catastrophe risk
Purpose of form: This form reports the capital requirement for the non-life catastrophe risk component of the
SCR where this has been calculated using the standard formula.
This form is required with respect to the prospective reporting year, for example, when reporting for the year
end 2014, the reporting year to be indicated on the form should be 2015 as the SCR being reported would
relate to business due to be written in 2015. It will be required on an annual basis.
This form should only be completed where the syndicate is using the standard formula to calculate the nonlife
catastrophe risk component of the SCR.
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