2.

Insurance and reinsurance undertakings may use partial internal models for the calculation of one or more of the following: one or more risk modules, or sub-modules, of the Basic Solvency Capital Requirement, as set out in Articles 104 and 105; the capital requirement for operational risk as set out in Article 107; the adjustment referred to in Article 108. In addition, partial modelling may be applied to the whole business of insurance and reinsurance undertakings, or only to one or more major business units.

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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.