Opinion on the 2023/2024 Reassessment of the Nat Cat Standard Formula - EIOPA Skip to main content
European Insurance and Occupational Pensions Authority
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Opinion on the 2023/2024 Reassessment of the Nat Cat Standard Formula

Details

Publication date
30 January 2025

Description

In light of climate change, new scientific insights and recent catastrophic events, it is important to ensure that the natural catastrophe parameters of the standard formula remain valid. EIOPA therefore performed the reassessment of the natural catastrophe risk standard formula capital charges. In addition, the Solvency II review which includes a mandate to EIOPA to do a reassessment and, in the case of significant discrepancy, a recalibration was considered for this work.

The proposals coming out of the reassessment exercise have been consulted on before the publication of this Opinion.

Files

  • 30 JANUARY 2025
Opinion on the 2023 2024 Reassessment exercise of the nat cat standard formula.pdf