How is the volume measure for the SCR for current premium risk determined for health insurers under Solvency II?
The volume measure for the SCR for current premium risk has been laid down in Article 147 of the Solvency II Commission Delegated Regulation. For one-year health insurances the volume measure is equal to the premiums to be earned during the following 12 months from the existing portfolio and the expected renewals in the coming calendar year. Premiums yet to be earned from new production are also included in this. These comprise all premium payments related to the insurance contracts covering the following 12 months, irrespective of the timing of their receipt.
If the estimate of premiums to be earned in the next 12 months is lower than the observed premiums earned in the past 12 months, the premiums earned in the past 12 months will serve as the volume measure.
Dutch mortgage funds received €2 billion in new investments from institutional investors such as pension funds and insurers in the first three quarters of 2024, DNB figures show. This is less than in previous years and can be attributed to market interest rates having risen sharply during 2022.
Read more Investor interest in Dutch mortgage funds continues to decline
On Tuesday 5th November from 3:00-4:45 PM CET DNB will organize a physical information session about fit and proper assessments.
Read more Information session about fit and proper assessments DNB
Embedded finance offers customers the convenience of in-app payment options and on-the-spot insurance. This seamless integration of financial services, available exactly when and where they are needed, makes life simpler. But this innovation also entails new risks.
Read more Embedded finance: striking a balance between convenience and risk in the digital economy
Liability-Driven Investment funds (LDI funds) mainly invest in long-term government bonds and long-term interest rate derivatives. The use of these interest rate derivatives exposes LDI funds to liquidity risks in case of large interest rate fluctuations.
Read more Limited liquidity risks in Euro LDI funds
