Simplified calculation for captive insurance and reinsurance undertakings of the capital requirement for non-life premium and reserve risk
Article 90
1. Where Articles 88 and 89 are complied with, captive insurance and captive reinsurance undertakings may calculate the capital requirement for non-life premium and reserve risk as follows: , where the s covers all segments set out in Annex II. 2. For the purposes of paragraph 1, the capital requirement for non-life premium and reserve risk of a particular segment s set out in Annex II shall be equal to the following: where: (a) V (prem,s) denotes the volume measure for premium risk of segment s calculated in accordance with paragraph 3 of Article 116; (b) V (res,s) denotes the volume measure for reserve risk of a segment calculated in accordance with paragraph 6 of Article 116.