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Life Catastrophe Risk

AdvancedRequires external valuation

Calculate the Stressed Mortality Rate instantly.

%
%

Current Mortality Rate

0.40%

+

Mortality Increase

0.15%

=

Stressed Mortality Rate

0.55%

Life Catastrophe Mortality Rate Shock Impact

Shock increase
Base value
ModuleShockPre-shockPost-shockCharge
Mortality Rate+0.15%0.40%0.55%0.15%
1Step 1

Stressed Mortality Rate

Stressed Mortality Rate=Current Mortality Rate+Mortality Increase\mathrm{Stressed\ Mortality\ Rate}=\mathrm{Current\ Mortality\ Rate}+\mathrm{Mortality\ Increase}

Understand the Life Catastrophe Risk

Overview

Article 143 defines the Life Catastrophe Risk mortality stress for the following 12 months.[1]

Input Terms

  • Current Mortality Rate: Representative pre-stress mortality rate for obligations exposed to life catastrophe mortality risk.[1]

Technical Rationale

Article 143 targets sudden mass-mortality events rather than the long-term biometric deterioration captured by ordinary mortality risk.[1] The one-year absolute mortality add-on creates a catastrophe shock that remains material even for portfolios with low base mortality rates, where a purely relative uplift would understate the tail event.

That separation matters because Article 143 defines a short-term mortality catastrophe assumption, while the undertaking's valuation model determines the loss in basic own funds from applying that assumption to the affected obligations.

Important Notes

  • This page specifies the stress, not the final standalone Life Catastrophe Risk SCR.
  • Unlike the relative mortality stress, this stress is an absolute percentage-point add-on.

Sources

  1. Delegated Regulation (EU) 2015/35 - Art. 143 (Life-catastrophe risk sub-module) - EIOPA

Default values are illustrative sample inputs for navigation, training, and QA. Replace them with controlled data before using the result in capital analysis, governance, or reporting decisions.