# Commission Delegated Regulation (EU) 2015/35 of 10 October 2014 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (Text with EEA relevance) (revoked), Division: Input data and method-specific data requirements

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Status: repealed

(1)The data for estimating the undertaking-specific adjustment factor for non-proportional reinsurance shall consist of the aggregated annual losses of insurance and reinsurance claims that were reported to the insurance or reinsurance undertaking in segment s during the last financial years.
(2)The following method-specific data requirements shall apply:
(a)the data are representative for the premium risk that the insurance or reinsurance undertaking is exposed to during the following 12 months;
(b)the data do not indicate a higher premium risk than reflected in the standard deviation for premium risk used to calculate the Solvency Capital Requirement;
(c)the aggregated annual losses are estimated in the year the insurance and reinsurance claims were reported;
(d)data are available for at least five reporting years;
(e)where the recognisable stop loss reinsurance contract applies to gross claims, the aggregated annual losses are gross;
(f)where the recognisable stop loss reinsurance contract applies to claims after deduction of the recoverables from certain other reinsurance contracts and special purpose vehicles, the amounts receivable from those certain other reinsurance contracts and special purpose vehicles are deducted from the aggregated annual losses;
(g)the aggregated annual losses shall not include expenses incurred in servicing the insurance and reinsurance obligations;
(h)the data are consistent with the assumption that aggregated annual losses follow a lognormal distribution, including in the tail of the distribution.

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Source: https://www.legislation.gov.uk/eur/2015/35/annex/XVII/division/F2/division/1 (the official version)
Page: https://openlegislation.uk/eu-regulation-2015-35/annex-XVII/division-F2/division-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.