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3. Calculation of the life underwriting risk module

Solvency II
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) · European Union

The life underwriting risk module set out in Article 105(3) shall be equal to the following: SCR_(life) = Σ_(i,j)Corr_(i,j) × SCR_(i) × SCR_(j) where SCR_(i) denotes the sub-module i and SCR_(j) 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, SCR_(i) and SCR_(j) 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: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.