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Actuably

Non-Life Marine Risk

Calculate the Marine Risk Capital Requirement instantly.

€
€

Gross Sum

€3 000 000

Before correlation diversification

−

Diversification Benefit

€836 669

−27.9% of standalone

Capital relief

=

Marine Risk SCR

€2 163 331

After diversification

Marine correlation build-up

Waterfall chart showing standalone component risk amounts, diversification benefit, and diversified result.
StepImpactRunning
Vessel Collision Risk18000001800000
Platform Explosion Risk12000003000000
Gross Sum30000003000000
Diversification Benefit-836669.23472160662163330.7652783934
Marine Risk SCR2163330.76527839342163330.7652783934
Marine risk component shares
Marine risk component sharesShare of each segment in the total.Vessel Collision60.0% · €1.8MPlatformExplosion40.0% · €1.2M
ModuleShareAmount
Vessel Collision Risk60.0%€1.8M
Platform Explosion Risk40.0%€1.2M

Marine correlation matrix

1.000.00
Marine correlation matrix
VesselVessel Collision RiskPlatformPlatform Explosion Risk
VesselVessel Collision Risk
1.00
0.00
PlatformPlatform Explosion Risk
0.00
1.00
1Step 1

Aggregate vessel collision and platform explosion risk with zero cross-correlation

SCRmarine=SCRvessel2+SCRplatform2SCR_{marine}=\sqrt{SCR_{vessel}^2+SCR_{platform}^2}

Understand the Non-Life Marine Risk

Overview

This calculator implements Non-Life Marine Risk as the aggregation of vessel collision risk and platform explosion risk.[1]

Input Terms

  • Vessel Collision Risk: Capital requirement for vessel collision exposure under the Article 130 marine catastrophe basis.[1]
  • Platform Explosion Risk: Capital requirement for offshore platform explosion exposure under the Article 130 marine catastrophe basis.[1]

Technical Rationale

Article 130 separates vessel collision and platform explosion because the two catastrophe types have different physical drivers and concentration profiles. The prescribed aggregation recognizes diversification between those event types without treating either marine catastrophe amount as immaterial.

Important Notes

  • Gross vs. Net SCR: This calculator determines the standalone Non-Life Marine Risk SCR. Solvency II risk is only finalized as a net impact on Basic Own Funds after diversification in Non-Life Risk, then within BSCR, and after the top-level LAC TP and LAC DT adjustments.
  • Regulatory deviation: Material deviation from standard-formula assumptions at this layer may support a capital add-on or a move toward an internal model where justified.[2]
  • Reporting: The displayed result is intended to support the corresponding standard-formula component for the S.25.01.01 standard-formula reporting view.[3]

Sources

  1. Delegated Regulation (EU) 2015/35 - Art. 130 (Marine risk sub-module) - EIOPA
  2. Directive 2009/138/EC - Art. 37 (Capital add-on) - EIOPA
  3. Commission Implementing Regulation (EU) 2023/894 - QRT S.25.01.01 (SCR standard formula) - EUR-Lex

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.