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Home Insurance & Pensions Solvency II Directive

Chapter VI · Rules relating to the valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules  ›  Section 4 · Solvency capital requirement › Article 103

Structure of the standard formula

The Solvency Capital Requirement calculated on the basis of the standard formula shall be the sum of the following items:

(a)

the Basic Solvency Capital Requirement, as laid down in Article 104;

(b)

the capital requirement for operational risk, as laid down in Article 107;

(c)

the adjustment for the loss-absorbing capacity of technical provisions and deferred taxes, as laid down in Article 108.

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