The capital requirement for non-life premium and reserve risk shall be equal to the following:
\mathrm{SCR}_{\mathrm{nl}\,\mathrm{prem}\,\mathrm{res}} = 3 \cdot \sigma_{\mathrm{nl}} \cdot \mathrm{V}_{\mathrm{nl}}
where:
(a)
σnl denotes the standard deviation for non-life premium and reserve risk determined in accordance with Article 117;
(b)
Vnl denotes the volume measure for non-life premium and reserve risk determined in accordance with Article 116.