13

Calculation Methods: Capital Add-Ons

13.1

The relevant insurance group undertakings must make every effort to remedy the deficiencies that led to the imposition of a capital add-on arising as a result of an internal model significant risk profile deviation or a significant system of governance deviation at the level of the group.

[Note: Art. 232, Art. 233(6) and Art. 37(3) of the Solvency II Directive]

13.2

The group SCR prior to the imposition of the capital add-on, together with the amount of the capital add-on imposed at the level of the group, will constitute the group’s group SCR.

[Note: Art. 232, Art. 233(6) and Art. 37(5) of the Solvency II Directive]