Risk mitigation techniques for (re)insurers

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Question:

Do I need prior approval from DNB to apply risk-mitigation techniques?

Published: 30 November 2017

Answer:

No, you do not need to obtain prior approval for risk mitigation techniques from DNB. Our supervision is retrospective in this case: we assess ex-post whether the risk-mitigation techniques to be taken into account in determining the Solvency Capital Requirement comply with the legal requirements. However, we offer you the possibility to submit risk mitigation techniques for assessment in advance. To do so, please complete the attached self-assessment and submit it to us with all relevant and underlying documentation. In addition to an Excel file for the self-assessment, the attached documents also include a manual with explanatory notes.

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