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New version applies from 02/04/2016 — introduced by Commission Delegated Regulation (EU) 2016/467, Commission Delegated Regulation (EU) 2016/2283. 363 provisions change. Later versions: 15/09/2017, 01/01/2019, 08/07/2019, 01/01/2020, 30/07/2020, 15/04/2021, 02/08/2022, 14/11/2024, 30/01/2027. Article 160 changes in this version: compare with the current text.

Article 160 - Health catastrophe risk sub-module

Comparing 17/01/2015 → 18/01/2015: 0 added, 0 removed, 8 changed Close comparison

1. 1. The capital requirement for the health catastrophe risk sub-module shall be equal to the following:

\mathrm{SCR}_{\mathrm{healthCAT}} = \sqrt{\mathrm{SCR}_{\mathrm{ma}}^2 + \mathrm{SCR}_{\mathrm{ac}}^2 + \mathrm{SCR}_{\mathrm{p}}^2}

where:

((a))(a) SCR_{ma} denotesSCRmadenotes the capital requirement of the mass accident risk sub-module;

((b))(b) SCR_{ac} denotesSCRacdenotes the capital requirement of the accident concentration risk sub-module;

((c))(c) SCR_{p} denotesSCRpdenotes the capital requirement of the pandemic risk sub-module.

2. 2. Insurance and reinsurance undertakings shall apply:

((a))(a) the mass accident risk sub-module to health insurance and reinsurance obligations other than workers' compensation insurance and reinsurance obligations;

((b))(b) the accident concentration risk sub-module to workers' compensation insurance and reinsurance obligations and to group income protection insurance and reinsurance obligations;

((c))(c) the pandemic risk sub-module to health insurance and reinsurance obligations other than workers' compensation insurance and reinsurance obligations.

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