1. The natural catastrophe risk sub-module shall consist of all of the following sub-modules:
((a))
the windstorm risk sub-module;
((b))
the earthquake risk sub-module;
((c))
the flood risk sub-module;
((d))
the hail risk sub-module;
((e))
the subsidence risk sub-module.
2. The capital requirement for natural catastrophe risk shall be equal to the following:
\mathrm{SCR}_{\mathrm{natCAT}} = \sqrt{\sum_{\mathrm{i}} \mathrm{SCR}_{\mathrm{i}}^2}
where:
((a))
the sum includes all possible combinations of the sub-modulesiset out in paragraph 1;
((b))
SCRidenotes the capital requirement for sub-modulei.