Underwriting Risk

PRA Rules

• Solvency Capital Requirement – General Provisions
• Solvency Capital Requirement – Standard Formula (Chapters 1, 2, 3, 4, 7)
• Underwriting Risk Tables - Commission Delegated Regulation (EU) 2015/35 (Annexes II, III, IV, V, VI, VII, VIII, IX, X, XI, XII, XIII, XIV, XV, XVI), deemed as PRA Rules by the Solvency 2 and Insurance (Amendment) (EU Exit) Regulations 2019 (Regulation 4)

UK legislation

• Solvency Capital Requirement Standard Formula - Commission Delegated Regulation (EU) 2015/35 (Title I, Chapter V, Sections 1, 2, 3, 4, and 7)

UK technical standards

• Standard deviations in relation to health risk equalisation systems - Commission Implementing Regulation (EU) 2015/2013, as amended, included by the Technical Standards  (Solvency II Directive & Institutions for Occupational Retirement Provision Directive) (EU Exit) Instrument 2019, Annex N

Supervisory Statements

• Cyber insurance underwriting risk (SS4/17)

Other relevant material

Guidelines originally issued by European Supervisory Authorities should be read in conjunction with "Interpretation of EU Guidelines and Recommendations: Bank of England and PRA approach after the UK’s withdrawal from the EU" (Statement of Policy)

• Guidelines on health catastrophe risk sub-module (EIOPA-BoS-14/176)
• Guidelines on application of the life underwriting risk module (EIOPA-BoS-14/175)
• Guidelines on application of outwards reinsurance arrangements to the non-life underwriting risk sub-module (EIOPA-BoS-14/173)