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European Insurance and Occupational Pensions Authority

3167

Q&A

Question ID: 3167

Regulation Reference: Other

Topic: Other

Article: Consultation Paper on EIOPA’s second set of advice to the European Commission on specific items in the Solvency II Delegated Regulation((6.5.3.3. EIOPA’s advice 425))((425 -1)))

Status: Rejected

Date of submission: 11 Oct 2024

Question

Regarding the suggested ex-post adjustment in 6.5.3.3. EIOPA’s advice- 425 - 2), is it correct to calculate this additional unit MaxGrossExposure(peril, r, i) in the following way: π‘€π‘Žπ‘₯πΊπ‘Ÿπ‘œπ‘ π‘ πΈπ‘₯π‘π‘œπ‘ π‘’π‘Ÿπ‘’(π‘π‘’π‘Ÿπ‘–π‘™,π‘Ÿ,𝑖)= 𝑄(π‘π‘’π‘Ÿπ‘–π‘™,π‘Ÿ) Γ— π‘Š(π‘π‘’π‘Ÿπ‘–π‘™,π‘Ÿ,𝑖) Γ— β€œSum insured taking account of any deductibles and contractual limits based on the conditions in the underlying contracts(π‘π‘’π‘Ÿπ‘–π‘™,π‘Ÿ,𝑖)” ?

EIOPA answer

This question has been rejected because the matter it refers to has been answered in Q&A 3099 - EIOPA (europa.eu) and because technical advice is not within the scope of the Q&A process.

(π‘€π‘Žπ‘₯πΊπ‘Ÿπ‘œπ‘ π‘ πΈπ‘₯π‘π‘œπ‘ π‘’π‘Ÿπ‘’(π‘π‘’π‘Ÿπ‘–π‘™,π‘Ÿ,𝑖) should correspond to the sum insured taking account of any deductible.)