Technical Annex II: Errata text / Q&A text
- Relevant voor:
- 4 september 2014
- 01590 17
EIOPA confirms that diversification effects have to be reported as a negative value if they reduce the SCR – change of the formulas in the ERRATA already reflect this approach. As for the effect of risk mitigation EIOPA confirms that the values are to be reported positive. This is mainly for traditional supervisory reasons and EIOPA believes that it is not inconsistent as the values have different nature. This decision establishes a convention for the reporting and to be applied in the formulas.
In addition all formulas will be reviewed to guarantee that they reflect the approach described.