Insurance companies' median SCR ratio Europe 2020, by company type

Published by Jennifer Rudden, Nov 13, 2023
In 2020, reinsurance companies had the highest solvency capital requirement (SCR) ratio of the different kinds of insurance companies, coming in at 2.25, however the ratio was above 2.15 for all insurance company types. This means that European reinsurance companies held 2.25 times more 'eligible own funds' than was required by to meet their SCR obligations.

Median solvency capital requirement (SCR) ratio of insurance companies in Europe in 2020, by company type

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Source

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Release date

September 2021

Region

Europe

Survey time period

2020

Supplementary notes

The source added the following information "Insurance undertakings are required by the Solvency II regulation to hold a certain amount of capital of sufficient quality in addition to the assets they hold to cover the contractual obligations towards policyholders. The amount of capital (called eligible own funds) required is defined by the Minimum Capital Requirement (MCR) and the Solvency Capital Requirement (SCR), which depend on the risks to which the undertaking is exposed. If the amount of eligible own funds falls below the MCR, the insurance license should be withdrawn if appropriate coverage cannot be re-established within a short period of time."

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