RegAlert2016-04-25 | NBB_2016_18Added
Circular NBB_2016_18 / Circular on guidelines for the 'health catastrophe risk' sub-module in the Solvency Capital Requirement calculation under the standard formula
The National Bank of Belgium issues guidelines for Belgian insurance and reinsurance companies to define and calculate the Solvency Capital Requirement for the health catastrophe risk sub-module under the standard formula. The document specifies calculation methodologies for death benefits, permanent disability, short-term disability, medical treatment, accident concentration risk, income protection, and medical expenses, requiring insurers to use best estimates, realistic demographic assumptions, and justified statistical data. These guidelines apply to Belgian insurance entities from March 23, 2016, ensuring harmonized implementation of Solvency II principles.
NBB published 1 document in the last 30 days — get each new one by email the day it lands.
NBB_2016_18 – 25 April 2016 Circular – Page 1/5 14 Boulevard de Berlaimont – BE-1000 Brussels tel. +32 2 221 38 12 – fax +32 2 221 31 04 company number: 0203.201.340 RPM Brussels www.bnb.be
Circular
Brussels, 25 April 2016
Reference: NBB_2016_18 your contact:
Kajal Vandenput tel. +32 2 221 51 77 – fax +32 2 221 31 04 Kajal.vandenput@nbb.be
Circular on guidelines for the 'health catastrophe risk' sub-module in the calculation of the Solvency Capital Requirement under the standard formula
Read the rest free, and get an email when NBB publishes again
Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works