# 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 3: Calculation of the life underwriting risk module

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

The life underwriting risk module set out in Article 105(3) shall be equal to the following:
SCR 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 mortality denotes the mortality risk sub-module,
SCR longevity denotes the longevity risk sub-module,
SCR disability denotes the disability – morbidity risk sub-module,
SCR life expense denotes the life expense risk sub-module,
SCR revision denotes the revision risk sub-module,
SCR lapse denotes the lapse risk sub-module,
SCR life catastrophe denotes the life catastrophe risk sub-module,

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Source: https://www.legislation.gov.uk/eudr/2009/138/annex/IV/division/3 (the official version)
Page: https://openlegislation.uk/eu-directive-2009-138/annex-IV/division-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.