1.The man-made catastrophe risk sub-module shall consist of all of the following sub-modules:
(a)
the motor vehicle liability risk sub-module;
(b)
the marine risk sub-module;
(c)
the aviation risk sub-module;
(d)
the fire risk sub-module;
(e)
the liability risk sub-module;
(f)
the credit and suretyship risk sub-module.
2.The capital requirement for the man-made catastrophe risk shall be equal to the following:
\mathrm{SCR}_{\mathrm{mmCAT}} = \sqrt{\sum_{\mathrm{i}} \mathrm{SCR}_{\mathrm{i}}^2}
where:
(a)
the sum includes all sub-modules set out in paragraph 1;
(b)
SCRi denotes the capital requirements for sub-module i.