EU supervisors set capital add-ons for 21 insurers in 2018
One Norwegian insurer had an add-on contributing 80% to their SCR
Twenty-one European Union insurers were subject to capital add-ons for atypical risks in 2018. In aggregate, these add-ons contributed 32% to their total solvency capital requirement (SCR).
Solvency II rules allow national supervisors to set additional capital requirements for insurers in exceptional circumstances, like when a firm’s risk profile is out-of-sync with the assumptions of the regulator-set standard formula or their own internal models.
As of end-2018, eight national supervisors
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