Subsection 1: General provisions

The Solvency Capital Requirement is calculated as follows: 1° This calculation is based on the assumption that the undertaking concerned is a going concern; 2° The Solvency Capital Requirement is calibrated to ensure that all quantifiable risks to which the insurance or reinsurance undertaking is exposed are taken into account. It covers the current portfolio as well as the new portfolio which is expected to be underwritten within the next…

Insurance and reinsurance undertakings shall calculate their Solvency Capital Requirement at least once a year and transmit the result of this calculation to the Autorité de contrôle prudentiel et de résolution in accordance with the procedures set out in Article L. 355-1. Insurance and reinsurance undertakings shall hold eligible own funds which cover the last Solvency Capital Requirement submitted. Insurance and reinsurance undertakings shall continuously monitor the amount of their…