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Given the recent flooding in Europe, there has been an increase in property insurance claims. As a result, suppose this surge in claims leads to the company's regulatory capital falling below the Solvency Capital Requirement (SCR) stipulated by Solvency II regulations. What would be the implications of this situation from the perspective of the Chief Financial Officer (CFO) and the Chief Risk Officer (CRO) of a French property-casualty insurance company?
A
The company will be prevented from writing new property-casualty policies.
B
A plan to bring capital above the minimum capital requirement must be formulated.
C
The company can lower the capital charges assessed for determining the capital requirement by decreasing investment risk.
D
A waiver of capital requirements can be granted by the French insurance regulator.