3C15 Health Revision Risk Sub-Module | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Solvency Capital Requirement - Standard Formula

Article

3C15 Health Revision Risk Sub-Module

Printed on: 22/06/2025

Rulebook at: 06/02/2025


3C15 Health Revision Risk Sub-Module

1.

A firm must calculate the capital requirement for health revision risk as equal to the loss in its basic own funds that would result from an instantaneous permanent increase of 4% in the amount of annuity benefits, only on annuity insurance and reinsurance obligations where the benefits payable under the underlying insurance policies could increase as a result of changes in inflation, the legal environment or the state of health of the person insured.

  • 31/12/2024