Solvency II: internal model reporting codes and components

Supervisory Statement 37/15

Update 18 February 2016

SS37/15 was updated to provide the additional flexibility when assigning codes to internal model Solvency Capital Requirement (SCR) components being reported (internal model SCR component codes remain a six character code). The appendix has been updated to reflect additional flexibility in use of characters 4 and 5 of the code; these characters are now letters or numbers.

PDF Supervisory Statement 37/15 - February 2016 

Published on 17 August 2015

Overview

This supervisory statement sets out how the PRA expects firms to submit information using product reporting codes when applying to use an internal model or partial internal model.

SS37/15 is relevant to all UK insurance firms and groups within the scope of Solvency II and to the Society of Lloyd’s. The PRA consulted on the proposals in CP20/15, published on 1 June 2015, and has taken the feedback received into consideration. 

PDF Supervisory Statement 37/15 

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