What changes on 08/07/2019

The text in force from 01/01/2019 compared with the text from 08/07/2019, which includes the changes made by Commission Delegated Regulation (EU) 2019/981.

Read the act as of 08/07/2019 · other versions: 01/01/2019 · 01/01/2020 · 30/07/2020 · 15/04/2021 · 02/08/2022 · 14/11/2024 · 30/01/2027

Title I › Chapter I › Section 1

• amended Article 1 - Definitions

Title I › Chapter I › Section 2

• amended Article 4 - General requirements on the use of credit assessments

Title I › Chapter III › Section 1

• amended Article 18 - Boundary of an insurance or reinsurance contract

Title I › Chapter III › Section 4 › Subsection 1

• amended Article 43 - General provisions

Title I › Chapter IV › Section 2

• amended Article 71 - Tier 1 — Features determining classification
• amended Article 73 - Tier 2 Basic own-funds — Features determining classification
• amended Article 77 - Tier 3 Basic own-funds– Features determining classification

Title I › Chapter V › Section 1 › Subsection 2

• amended Article 84

Title I › Chapter V › Section 1 › Subsection 6

• inserted Article 90a - Simplified calculation for discontinuance of insurance policies in the non-life lapse risk sub-module
• inserted Article 90b - Simplified calculation of the sum insured for natural catastrophe risks
• inserted Article 90c - Simplified calculation of the capital requirement for fire risk
• inserted Article 95a - Simplified calculation of the capital requirement for risks in the life lapse risk sub-module
• inserted Article 96a - Simplified calculation for discontinuance of insurance policies in the NSLT health lapse risk sub-module
• inserted Article 102a - Simplified calculation of the capital requirement for risks in the SLT health lapse risk sub-module
• inserted Article 105a - Simplified calculation for the risk factor in the spread risk sub-module and the market risk concentration sub-module
• inserted Article 111a - Simplified calculation of the risk-mitigating effect on underwriting risk
• inserted Article 112a - Simplified calculation of the loss-given-default for reinsurance
• inserted Article 112b - Simplified calculation of the capital requirement for counterparty default risk on type 1 exposures
• amended Article 88 - Proportionality
• amended Article 91 - Simplified calculation of the capital requirement for life mortality risk
• amended Article 97 - Simplified calculation of the capital requirement for health mortality risk
• amended Article 107 - Simplified calculation of the risk mitigating effect for reinsurance arrangements or securitisation
• amended Article 108 - Simplified calculation of the risk mitigating effect for proportional reinsurance arrangements
• amended Article 110 - Simplified calculation — grouping of single name exposures
• amended Article 111 - Simplified calculation of the risk mitigating effect

Title I › Chapter V › Section 2

• amended Article 116 - Volume measure for non-life premium and reserve risk
• amended Article 121 - Windstorm risk sub-module
• amended Article 122 - Earthquake risk sub-module
• amended Article 123 - Flood risk sub-module
• amended Article 124 - Hail risk sub-module
• amended Article 125 - Subsidence risk sub-module
• amended Article 130 - Marine risk sub-module
• amended Article 131 - Aviation risk sub-module
• amended Article 132 - Fire risk sub-module

Title I › Chapter V › Section 4

• amended Article 147 - Volume measure for NSLT health premium and reserve risk

Title I › Chapter V › Section 5 › Subsection 3

• inserted Article 168a - Qualifying unlisted equity portfolios
• inserted Article 171a - Long-term equity investments
• amended Article 168 - General provisions
• amended Article 169 - Standard equity risk sub-module

Title I › Chapter V › Section 5 › Subsection 5

• inserted Article 176a - Internal assessment of credit quality steps of bonds and loans
• inserted Article 176b - Requirements for an undertaking's own internal credit assessment of bonds and loans
• inserted Article 176c - Assessment of credit quality steps of bonds and loans based on an approved internal model
• amended Article 176 - Spread risk on bonds and loans
• amended Article 180 - Specific exposures

Title I › Chapter V › Section 5 › Subsection 6

• amended Article 182 - Single name exposure
• amended Article 184 - Excess exposure
• amended Article 186 - Risk factor for market risk concentration
• amended Article 187 - Specific exposures

Title I › Chapter V › Section 6 › Subsection 1

• inserted Article 192a - Exposure to clearing members
• amended Article 189 - Scope
• amended Article 192 - Loss-given-default
• amended Article 196 - Risk-mitigating effect
• amended Article 197 - Risk-adjusted value of collateral

Title I › Chapter V › Section 6 › Subsection 2

• amended Article 199 - Probability of default
• amended Article 201 - Variance of the loss distribution of type 1 exposures

Title I › Chapter V › Section 10

• amended Article 208 - Methods and Assumptions
• amended Article 209 - Qualitative Criteria
• amended Article 210 - Effective Transfer of Risk
• amended Article 211 - Risk-Mitigation techniques using reinsurance contracts or special purpose vehicles
• amended Article 212 - Financial Risk-Mitigation techniques
• amended Article 213 - Status of the counterparties

Title I › Chapter V › Section 12

• amended Article 218 - Subset of standard parameters that may be replaced by undertaking-specific parameters
• amended Article 220 - Standardised methods to calculate the undertaking-specific parameters

Title I › Chapter XIII › Section 1

• amended Article 311 - Capital management

Title I › Chapter XV › Section 3

• amended Article 323 - Fit and proper requirements for shareholders or members with a qualifying holding

Title I › Chapter XV › Section 5

• amended Article 326 - Solvency requirements

Title II › Chapter I › Section 2

• amended Article 335 - Method 1: determination of consolidated data
• amended Article 336 - Method 1: Calculation of the consolidated group Solvency Capital Requirement
• amended Article 337 - Method 1: determination of the local currency for the purposes of the currency risk calculation

Outside any heading

• amended Annex III - FACTOR FOR GEOGRAPHICAL DIVERSIFICATION OF PREMIUM AND RESERVE RISK
• amended Annex IX - THE GEOGRAPHICAL DIVISION OF REGIONS SET OUT IN ANNEXES V-VIII INTO RISK ZONES
• amended Annex V - PARAMETERS FOR THE WINDSTORM RISK SUB-MODULE
• amended Annex VI - PARAMETERS FOR THE EARTHQUAKE RISK SUB-MODULE
• amended Annex VII - PARAMETERS FOR THE FLOOD RISK SUB-MODULE
• amended Annex VIII - PARAMETERS FOR THE HAIL RISK SUB-MODULE
• amended Annex X - RISK WEIGHTS FOR CATASTROPHE RISK ZONES
• amended Annex XVI - HEALTH CATASTROPHE RISK SUB-MODULE OF THE SOLVENCY CAPITAL REQUIREMENT STANDARD FORMULA
• amended Annex XVII - METHOD-SPECIFIC DATA REQUIREMENTS AND METHOD SPECIFICATIONS FOR UNDERTAKING-SPECIFIC PARAMETERS OF THE STANDARD FORMULA
• amended Annex XXI - AGGREGATE STATISTICAL DATA
• amended Annex XXII - CORRELATION COEFFICIENTS FOR WINDSTORM RISK
• amended Annex XXIII - CORRELATION COEFFICIENTS FOR EARTHQUAKE RISK
• amended Annex XXIV - CORRELATION COEFFICIENTS FOR FLOOD RISK
• amended Annex XXV - CORRELATION COEFFICIENTS FOR HAIL RISK