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)((a)) σ_{nl} denotes the standard deviation for non-life premium and reserve risk determined in accordance with Article 117;
(b)((b)) V_{nl} denotes the volume measure for non-life premium and reserve risk determined in accordance with Article 116.