{
  "url": "https://openlegislation.uk/eu-directive-2009-138/annex-IV/division-3",
  "json_url": "https://openlegislation.uk/eu-directive-2009-138/annex-IV/division-3.json",
  "legislation": "eudr/2009/138",
  "legislation_title": "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)",
  "legislation_url": "https://openlegislation.uk/eu-directive-2009-138",
  "path": "annex/IV/division/3",
  "kind": "division",
  "number": "3",
  "heading": "Calculation of the life underwriting risk module",
  "text": "The life underwriting risk module set out in Article 105(3) shall be equal to the following:\nSCR life = ∑ i,j Corr i,j × SCR i × SCR j\nwhere 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:\nSCR mortality denotes the mortality risk sub-module,\nSCR longevity denotes the longevity risk sub-module,\nSCR disability denotes the disability – morbidity risk sub-module,\nSCR life expense denotes the life expense risk sub-module,\nSCR revision denotes the revision risk sub-module,\nSCR lapse denotes the lapse risk sub-module,\nSCR life catastrophe denotes the life catastrophe risk sub-module,",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudr/2009/138/annex/IV/division/3",
    "retrieved_at": "2026-11-01T15:22:05.454940+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}