# Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance), Division 2: Calculation of the non-life underwriting risk module

Extent: E+W+S+N.I.

The non-life underwriting risk module set out in Article 105(2) shall be equal to the following:
SCR non-life = ∑ i,j Corr i,j × SCR i × SCR j
where SCRi denotes the sub-module i and SCRj denotes the sub-module j, and where ‘i,j’ means that the sum of the different terms should cover all possible combinations of i and j. In the calculation, SCRi and SCRj are replaced by the following:
SCR nl premium and reserve denotes the non-life premium and reserve risk sub-module,
SCR nl catastrophe denotes the non-life catastrophe risk sub-module,

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Source: https://www.legislation.gov.uk/eudr/2009/138/annex/IV/division/2 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/annex-IV/division-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.