Basic Solvency Capital Requirement

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The base solvency capital requirement ( English base solvency capital requirement ) corresponds Insurance the at Risk Value of the base capital of a insurance or return insurance company to the confidence level of 99.5% within one year.

Article 101 of the Solvency II Directive specifies the calculation of the solvency capital requirement and is initially based on the assumption that the company will conduct its business according to the going concern principle . At least the non -life underwriting risk, the life underwriting risk, the health underwriting risk, the market risk , the credit risk and the operational risk must be taken into account.

The basic solvency capital requirement was introduced as part of EU Directive 2009/138 / EC of November 25, 2009 on Solvency II (see page 124) and is defined using the correlation formula (also known as the root formula), as from the individual solvency capital requirements ( SCR ) the (entire ) Base solvency capital requirement is to be calculated.

Individual evidence

  1. ↑ PE-CONS 3643/6/09 REV 6, Solvency II of November 25, 2009
  2. ↑ German Institute for Internal Auditing e. V. (Ed.), Risk-Bearing Capacity and Limitation in Insurance , 2011, p. 84
  3. ↑ Proposal for a directive of the European Parliament and of the Council on the taking up and pursuit of insurance and reinsurance activities - SOLVABILITY II / * COM / 2007/0361 final - COD 2007/0143 * / (PDF) Directive 2009/138 / EC of November 25, 2009 on Solvency II (PDF)