Solvency Assessment and
Management
SA QIS3
Frequently Asked Questions (FAQ)
Version 1
1
CONTACT DETAILS
Physical Address:
Riverwalk Office Park, Block B
41 Matroosberg Road (Corner Garsfontein and
Matroosberg Roads) Ashlea Gardens,
Extension 6
Menlo Park
Pretoria
South Africa
0081
Postal Address:
P.O. Box 35655
Menlo Park
0102
Switchboard: +27 12 428 8000
Facsimile:
+27 12 347 0221
Email:
info@fsb.co.za
(for general queries)
sam.saqis3@fsb.co.za
(for SA QIS3 related queries)
Website:
www.fsb.co.za
Page 2 of 28
Introduction
1. Introduction
This Frequently Asked Questions (FAQ) document is aimed at all insurers participating in South Africa‟s
third Quantitative Impact Study (SA QIS3). Its purpose is to:
1. list and highlight how known errors in the SA QIS3 Technical Specification, Completion
Manual and Solo Return and NLUR Workbook spreadsheets have been addressed (see “2. Errata”)
and
2. provide additional guidance and clarity on the completion of the SA QIS3 submissions (see
“3. Frequently Asked Questions (FAQ)”)
3. provide non-life insurers with the code of the calculation macros embedded in the Non-Life
Underwriting Risk Workbooks (see “Appendix: NLUR Calculation Macros”)
The Errata section is based mostly on email queries received on the sam.saqis3@fsb.co.za inbox and
on subsequent testing performed by the FSB.
The FAQ section has been compiled from questions asked during the various SAM workshops held by
the FSB, as well as from questions asked by insurers directly to the FSB‟s SAM Team.
The NLUR Calculation Macros appendix provides the calculation (i.e. not customisation, importing or
correction etc.) macro code to enable insurers to follow the steps involved in deriving the results. It requires
knowledge of Microsoft Visual Basic for Applications (VBA).
This document is a “live” document and will be updated regularly as the need arises. Insurers are
requested to forward any questions they may have relating to SA QIS3 via e-mail to sam.saqis3@fsb.co.za
New versions of this document will be published on the FSB‟s website as well as on the SAM portal, and
will also be circulated to the SAM co-ordinators and public officers of all insurers. Insurers should regularly
check the FSB‟s website (www.fsb.co.za) or the SAM Portal (sam.fsb.co.za) for any updates to this
document. A version number on the front page of this document will identify the version of the document.
PLEASE NOTE:
Correction macros will be published on the FSB‟s website in due course to update the Solo Return and
Non-Life Underwriting Risk Workbook (Parts 1 and 2 of 2) spreadsheets originally published. These
correction macros will also be circulated to the SAM co-ordinators and public officers of all insurers. The
various errata outlined in this document are corrected by these macros and the data already entered by
insurers, if any, is imported into the updated spreadsheets.
Insurers should ensure that they have run the correction macros on the spreadsheets that were
originally published before submitting their SA QIS3 results.
The FSB wishes to thank all insurers for their participation in SA QIS3.
Page 3 of 28
2.Spreadsheet
ErrataErrata
It is important to note that not all issues (especially those that are anticipated to be minor) have been included in this document. Insurers are encouraged to
continue reporting potential issues or errors encountered via e-mail to sam.saqis3@fsb.co.za
For Non-Life Insurers, an important change affecting the technical specification, completion manual and all spreadsheets to be completed by non-life
insurers which we would like to highlight is addressed in the table below:
Tab
Cells
Issue
Potential Impact (will
vary per insurer)
Action
LoB 10: Liability
For LoB 10: Liability, the sub-LoB split is changed as follows:
All input tabs
requiring Line
of Business
(LoB)
information in
all
spreadsheets,
for Technical
Provisions,
SCR and
MCR
The line of business
(LoB) segmentation
originally adopted for
SA QIS3 is per the
current recommendation
in Discussion
Document 29.
N/A
After further industry
consultation, a decision
was made to change the
segmentation for all nonlife insurers and
reinsurers as described
in the next column.
OLD
a. Liability – Motor
b. Liability – Aircraft
c.
d.
e.
f.
g.
Liability – Marine
Liability – Rail
Liability – Transport
Liability – Engineering
Liability – Other
NEW
a. Liability – Professional Indemnity
b. Liability –General Third Party
(including Public Liability)
c. Liability - Employers‟ Liability
d. Liability – Directors‟ & Officers
e. Liability – Product
f. Liability – Fidelity Guarantee
g. Liability – Other
Liability business associated with the previous sub-LoBs a – f (which were mainly
expected to be non-stand-alone, third-party liability coverages) should be included in
the relevant main LoBs: 2, 3, 4, 5, 6 and 8, respectively.
The exception is sub-LoB g., which should still be used to capture any other liability
business not catered for by the revised sub-LoBs.
All insurers must use the updated sub-LoB split by entering the info on this basis
ignoring the sub-LoB labels specified in the Technical Specification and in the
spreadsheets as if they were replaced by those specified in the table above.
Page 4 of 28
High: The changes will
potentially change the
capital requirements for
premium and reserve risk
significantly.
Tab
Cells
Issue
Action
Additional inputs will be required in NLUR Workbooks with respect to the
Man-Made Catastrophe Risk sub-module‟s Liability peril to cater for the risk
associated with Sub-LoB‟s 10.f and 10.g.
Terrorism LoB
As a temporary measure, (re)insurers writing substantial amounts of terrorism
business should contact the FSB directly on sam.saqis3@fsb.co.za to agree a
suitable reporting arrangement on an individual basis.
LoB 31: Non-Proportional Reinsurance
As a temporary measure, all (re)insurers are requested to use the “Inwards
Reinsurance (Proportional - Non-Traditional and SPV)” category of business to
report on their Non-Proportional Reinsurance business (Treaty, Facultative and
Non-Traditional and SPV on a combined basis) at a LoB and Sub-LoB level (i.e.
using the same segmentation as for Direct business and Proportional Reinsurance).
The correction macros will prompt the user to confirm whether or not this is
applicable to the (re)insurer in order to override the parameters in the spreadsheets.
Users will still be required to make the appropriate LoB selections in the
“Company_Info” tab to ensure that the customisation macro does not hide the
necessary inputs cells.
(Re)insurers who are unable to report on this basis or who write material
Proportional - Non-Traditional and SPV business should contact the FSB directly on
sam.saqis3@fsb.co.za to agree a suitable reporting arrangement.
Page 5 of 28
Potential Impact (will
vary per insurer)
The tables in the rest of this section capture a collection of specific errors that have been addressed. Separate tables have been included for issues relating
to the SA QIS3:
 Technical Specification
 Solo Return
 Non-Life Underwriting Risk Workbooks
Errata - Technical Specification
Page,
Tech Spec
Ref.
Issue
Action
It should read:
p.24-25,
TP.4.2
The description of LoB37 in the final technical specification
document is inconsistent with the tracked changes document
(Part 1) distributed together with the final technical
specification.
37. Other life insurance
Any remaining insurance contracts that could not be segmented using the above
segmentation are to be classified into this segment as well as into guarantee and nonguarantee business.
p.115,
SCR.1.10.2
p.117,
Replace “14” with “2” throughout. E.g. SCR.14 should read SCR.2 and SCR.14.2 should read
SCR2.2 etc.
SCR.2.2
Reference is made to SCR.14 which does not exist in the
document.
p.119,
The exception to this is the reference to SCR.14.6 in Footnote 38 on p.268 which should
read SCR.13.6
SCR.2.10.1
p.268,
Footnote 38
p.177,
“Risks derived from concentration in cash held at a bank are
captured in the counterparty default risk module and are
It should read:
Page 6 of 28
Page,
Tech Spec
Ref.
Issue
Footnote 31
therefore not subject to the spread risk sub-module.”
p.187,
SCR.7.4.7
The numbering is incorrect.
Action
31
Risks derived from concentration in cash held at a bank are captured in the counterparty
default risk module and are therefore not subject to the concentration risk sub-module.
It should read:
SCR.7.4.6 (b) iv (and appropriately indented to be in line with the other items in (b).
It should read:
SCR.7.4.29 The capital requirement for disability risk according to the simplified calculation
is the sum of



p.190,
SCR.7.4.2930
Wording for simplification for disability risk should be as per
SA QIS2 SCR.7.42. and SCR.7.43.
the capital requirement for an increase of 35% in morbidity/ disability
inception rates for the first year,
the capital requirement for an increase of morbidity/disability inception
rates by 25% for all subsequent years and
the capital requirement in respect of the risk that the duration of claims is
greater than expected, represented by a 20% decrease in the termination
rates, where the individual elements are calculated as sketched below.
SCR.7.4.30. The individual elements sketched in the previous paragraphs should be
calculated by using the following bases of calculation:
Page 7 of 28
(a)
For the increased morbidity/disability inception rates during the
first year, 35% of the product of the following factors:

the total disability sum assured at risk (in year one) and

an insurer-specific expected average rate of transition from
healthy to sick over the first year (weighted by the sum
assured/ annual payment).
(b)
For the increased morbidity/disability inception rates during all
subsequent years, 25% of the product of the following factors:

the total disability sum assured at risk in year two,

an insurer-specific expected average rate of transition from
healthy to sick over the second year (weighted by the sum
assured/annual payment),

the modified duration of the liability cash-flows (n) (subject to
a minimum of one), less one and
((n-2)/2)

the projected disability increase (1.1
), based on the
Page,
Tech Spec
Ref.
Issue
Action
assumption that the average disability rate of the portfolio,
due to age, increases over the period corresponding to the
length of the duration with 10% a year.
(c)
With respect to the risk that the duration of claims is greater than
expected, 20% of the product of the following factors:

technical provisions (best estimate) for contracts subject to
disability claims,

an insurer-specific expected termination rate (i.e. average
rate of transition from sick to healthy/dead over the next
year),

the modified duration of the liability cash-flows n, subject to a
minimum of 1, and
((n-1)/2)

the projected disability increase (1.1
).
Errata - Solo Return
Tab
Cells
Issue
Action
Potential Impact (will vary
per insurer)
SCR – SES
Adjustment
Rows 196
to 199,
and 211 to
214
The rows concerned contain incorrect formulae – it
appears as though the formulae from the preceding rows
were copied down incorrectly.
The rows will be corrected to reflect the correct
formulae.
High: the error will cause the
SES adjustment and the
SCR to be incorrect.
Balance Sheet
H229 and
H231
Cell H229 is incorrect in that the deduction from Own
Funds is not limited to zero. For example, if cell F228 is
positive and F229 is zero or blank, then cell H229 actually
increases Own Funds. The same applies to cell H231.
The formulae in cells H229 and H231 will be
corrected to ensure that the adjustments are
always negative.
High: the error will cause
Own Funds for many
insurers to be overstated.
The formulae will be corrected to reflect column V
instead of column U.
Low: for life insurers, the
error will result in an
incorrect liquidity
assessment. The results will
however not affect the final
SCR figure.
SCR – LUR
Lapse Risk
Y14, AB14
and AE14
Cells Y14, AB14 and AE14 have incorrect formulae:
reference is made to column U instead of column V.
Page 8 of 28
Tab
Balance Sheet
SCR – LUR
Lapse Risk
SCR – LUR
Lapse Risk
Action
Potential Impact (will vary
per insurer)
„Technical Provisions – Life‟!K99 is added twice in cell
F24, and „Technical Provisions – Life‟!K108 has not been
included in the addition in Cell F24.
The incorrect linking will be amended. Further, cell
F100 has similar errors and will also be corrected.
Medium: for life insurers
with the respective lines of
business, the error will result
in an incorrect level of
Technical Provisions and
Own Funds.
Column
AG
The formulae in column AG appear to be incorrect.
The formula for row 14 (and subsequent rows
appropriately) should read
=if($O$12>=$K$12,AE14,AB14) instead of
=if($O$12>=$L$12,AE14,AB14) and will be
corrected.
Low: for life insurers, the
error will result in an
incorrect liquidity
assessment. The results will
however not affect the final
SCR figure.
Column AI
The “Cashflowatrisk”-calculations in column AI look
incorrect and returns unexpected results, distorting the
overall liquidity results. Row 14 is also inconsistent with
other rows.
The formula for cell AI14 should be =if(Y14>0,(10.5*E14)*AG14,AG14). The formulae for column
AI will be corrected to reflect this.
Low: for life insurers, the
error will result in an
incorrect liquidity
assessment. The results will
however not affect the final
SCR figure.
The links in the “Life Risk” section point to incorrect cells
on other tabs. For example, the Longevity Risk cell links
to the Life CAT risk cell on the “SCR” tab.
Life Revision risk will be deleted, and the cells in
the summary tab will be correctly linked to the
cells in rows 435 to 442 of the SCR tab.
Low: for life insurers, the
numbers presented merely
summarise what was
calculated in the other tabs.
The overall SCR will still be
correct and insurers can look
up correct values for the Life
SCR components in the
SCR tab.
We will correct by adding a negative sign in front
of the Delta BOF, or alternatively by using
max(0,BOF(before)-BOF(after)) to determine the
risk charge, as is the case of the SCR tab.
High: for life insurers, the
error will cause the SCR Life
Lapse risk charge to be
incorrect.
The formulae will be corrected to use “>” instead
of “>=”.
Low: for life insurers, the
error will result in incorrect
SCR Life Lapse risk
charges. Life insurers can
temporarily avoid the error
by entering a very small
Cells
F24 and
F100
Issue
SA QIS3
Results
E43:I51
SCR – LUR
Lapse Risk
Columns
G, K and
O
The formulae in these cells appear to be incorrect.
Columns
K and O
In columns K and O, in the formulae looks like
“=IF(J14>=0,J14,MAX(I14,0))”. The first term in this
formula test if the user populated the simplification cells
and, if this is the case, it is used. Maybe this should be
changed from “>=” to just “>”? Otherwise the formula
would return zero if the simplification cells are left at 0.
SCR – LUR
Lapse Risk
Page 9 of 28
Tab
Cells
Issue
Action
Potential Impact (will vary
per insurer)
number under the
simplification cells.
SCR
Introduction
Various
D1:H1
There are some input cells where the data validation
prevents negative entries. However, negative entries are
possible (e.g. overall negative liabilities).
The data validation will be checked and corrected
to allow users to input negative values where
these are appropriate.
Medium: in such cases,
insurers will not be able to
capture the respective
information and therefore not
be able to calculate a correct
SCR. Temporarily, insurers
may input values in the other
cells in such a way that the
SCR is calculated correctly.
I cannot find my company name in the list.
The list will be updated to reflect the latest
database of insurer names.
Low: the input is only for
information purposes and
will not affect subsequent
calculations in the return.
On the solo return, on the „Technical Provisions – NonLife‟, under 1.B: SA QIS3 basis technical provisions: Is
there a reason that for gross reserves, it asks for “Total
Claims Provision” (column M-O) but for recoverables, it
asks for “IBNR” (column AA-AC).
There are several errors in the summation
formulae on this tab.
The formula for total gross provisions (column R) is (H +
O + Q), but Q is O + P so it is double counting the claims
provision (column O) and premium provisions (column I)
are not taken into account at all (R should rather be H + I
+ Q?); there is a similar error on the recoverables portion.
Technical
Provisions –
Non-Life
In the “SA QIS3 Solo Return” worksheet, in the “Technical
Provisions - Non-Life” tab, column AH – risk margin
method used should be a drop down box but there is no
list to choose from (line 132 down). Then further down the
same column in the summaries section (line 267) it
appears that the method is being summed, yet it is a
qualitative entry not a quantitative entry.
The IBNR label is incorrect and should read “Total
Claims Provision”.
The drop-down list should contain the various risk
margin simplification methods.
The correction macro will address these errors.
In the interim, insurers are requested to continue
populating the inputs as far as possible on this
tab.
There is a possible error in the SA QIS3 Solo Return
workbook, "Technical Provisions - Non-Life" sheet. The
"Totals" calculation for the Techncial provisions seems to
Page 10 of 28
High: the errors on this tab
will invalidate the results for
Non-Life insurers.
Tab
Cells
Issue
Action
Potential Impact (will vary
per insurer)
The correction macro will address this error.
Medium: Insurers with RFF
will not be able to complete
the Solo Return.
be doubling counting. Note: Error is feeding through to
"Balance Sheet" tab
From what I can see, on the technical provisions sheet in
the solo return, premium provisions are not being added
into the total for technical provisions? Can this be checked
out. It looks to me as if column I:I should be included in
the TP totals but it is not.
columns Z and AC twice, since they‟re already included in
column AE SA QIS3 Solo Return – Technical Provisions Non-Life –
values from column O twice, since column O is already
included in column Q
C49:261
The blue cells requiring input from the NLUR WB Part 1 of
2 are locked
SCR
N55
N55 refers to a blank cell (I478). I think it should be
referring to cell I420 rather.
The correction macro will address this error.
Low: cell N55 does not have
dependent cells. The error
will only cause potential
misinterpretation.
Liquidity
Ratings
Column B
to E
How do we complete the instrument if it is protected?
The correction macro will address this error.
Low: this is purely a labeling
issue and has no impact on
the results.
The 50% used is correct.
None
RFF – Cells
SCR
SCR.6.3.9
Correlation matrix for the solo return to aggregate the
Equity Price and Volatility in the SCR tab. The return uses
a 50% correlation. Whereas the Technical Specifications
(p.150) state that a correlation of 0.75% (see SCR.6.3.9)
should be used. This means that the final SCR calculated
by the return is out of line with the calculation prescribed
in the Technical specifications.
Page 11 of 28
Tab
Cells
Issue
Action
Potential Impact (will vary
per insurer)
Metadata
X37, X38,
X40, Y36,
Z36 and
AB36
The respective cells in the CorrMkt matrix refer to cell
M57 in SCR tab, however cell M57 is blank.
The interest rate section in the SCR tab will be
amended to reflect whether the upward or
downward stress bites, and the correlation matrix
will be linked accordingly.
High: the error will cause the
SCR market risk charge to
be incorrect.
Action
Potential Impact (will vary
per insurer)
Errata - Non-life Underwriting Risk Workbooks
Tab
Cells /
Macro
Issue
The correction macro will address this issue.
Company_Info
(in Part 1 of 2)
Output and
Prem_Res_US
P
Customise
Macro
E15
(in Part 1 of 2)
The embedded macro “Customise” does not work entirely
correctly and may be hiding / not hiding some input cells
(esp. related to lines of business) that are applicable to
the insurer.
I am following a “Line of Business” through this NLUR
workbook to understand the implications for various
inputs and I have a query. Premium & Reserve risk: The
Premium and Reserve risk (row 15 of the Outputs
worksheet) looks incorrect. There is no gross figure for
Premium & Reserve risk, Even though I have completed
the Prem_Res_USP worksheet? Is the cell E15 in the
Outputs worksheet correctly linked?
In the interim, insurers are requested to continue
completing the spreadsheet without customising
the workbook to ensure that no inputs required are
omitted. To do so, please click on the “Show All”
button.
Low: the risk is that
rows/columns are hidden
that need to be completed.
The cause of the problem is that the IFERROR
function in the formulae of column AP, rows
20:244 of the “Prem_Res_USP” tab is not
programmed correctly to cater for your “fully
reinsured” position.
The correction macro will be released in due
course to address this issue. In particular, an
additional column of inputs for the gross volume
measures will be added to cater for the possibility
that 100% of the business is reinsured for a given
LoB.
Medium: The error will affect
only the gross results of
business which is fully
reinsured.
Kindly proceed populating the inputs as far as
possible in the meantime.
„Loss_M1_Nat
_CAT_Net‟ (in
G15
The horizontal Nat Cat scenario is not being allowed for
properly. The net Nat Cat capital requirement (Cell G15)
Page 12 of 28
The correction macro will be released in due
Medium: depends on the
significance of the horizontal
Tab
Part 1 of 2)
Cells /
Macro
Issue
Action
is set as the maximum across cells G16:G23 but these
cells show the individual events within the horizontal
scenario and not the total loss for the scenario (which
should be the sum across Events 1-4). This means that
the horizontal scenario does not bite even if it should.
course to address this issue.
Potential Impact (will vary
per insurer)
NatCat scenario to the
insurer.
Kindly proceed populating the inputs as far as
possible in the meantime.
The problem is caused by one of the “for” loops in
the “CounterpartyDefault” macro that is referenced
by the “DoCalculations” macro assigned to the red
Calculate button.
CP_CAT_RI
(in Part 1 of 2)
When you enter the percentage share per counterparty
for each layer, the percentage share for the last
counterparty entered is not counted in the risk mitigation
calculation. For example, if you have 5 counterparties,
the 5th counterparty is not counted. If you want the risk
mitigation for the 5th counterparty to be counted, you
need to enter 6 as the number of counterparties in the
„Company_Info‟ tab.
Effectively, it currently fails to remove and replace
the last reinsurer in the list (by looping from 1 to N
= the total number of counterparties, rather than
N+1) hence why you need to enter 7 rather than 6.
The correction macro will be released in due
course to address this issue.
Medium: depends on the
significance of the last
counterparty entered.
Kindly proceed populating the inputs as far as
possible in the meantime.
CP_General
(in Part 1 of 2)
Output
(in Part 1 of 2)
Our insurance company uses reinsurers which have not
been provided in the list of reinsurers in the CP_General
tab found in the NLUR Workbook - Part 1. What should
we do in this case?
In “SA QIS3 NLUR Workbook - Part 1 of 2 - Main” I have
put in all the reinsurance information as I think it should
be put in […].
However, when I click calculate in the Output tab, the net
CAT risk is more than the gross CAT risk for man-made
CAT and net = gross for nat CAT, and hence the risk
mitigation effect is coming through as negative. It appears
that the net amount is the sum of the gross exposures for
each CAT RI program, whereas the gross amount is just
the maximum of the gross exposures over all CAT RI
We are aware of this issue and will address it with
the correction macro to be issued in due course.
In the meantime, what you can do is simply enter
the relevant names in the Abbreviation field
leaving the Name field blank.
There seems to be a bug with the
“CounterpartyDefault” macro which is referenced
by the “DoCalculations” macro which is run when
you click the “Calculate” button on the “Output”
sheet. What happens is that the net results
produced by the “NetCatCalculation” macro (also
referenced by the “DoCalculations” macro) are
overwritten by the gross results without replacing
them again after all reinsurers are allowed for.
Page 13 of 28
Low: this is purely a labeling
issue and has no impact on
the results.
Medium: the impact depend
on the extent of the insurer‟s
reinsurance programmes
and should be material in
most cases.
Tab
Cells /
Macro
Issue
Action
Potential Impact (will vary
per insurer)
programs.
The correction macro will be released in due
course to address this issue.
Kindly proceed populating the inputs as far as
possible in the meantime.
Running the “NetCatCalculation” macro (via the
Developer menu in Excel) allows to see how the
reinsurance is applied. However, please note that
in the debugging process we‟ve also picked up
that there seems to be a problem with the
calculations in Section 2 of the
“Calculator_CAT_Net_Loss” sheet, relating to the
horizontal scenario. We‟ll address this too in the
correction macro.
All input tabs
(in Part 2 of 2)
SL_Other_RI
(in Part 1 of 2)
Part 2 of 2
A17:J1000
15
The zones mapped to postal codes are not CRESTA
zones.
This is correct. The 19 catastrophe zones defined
in SA QIS3 are the same as in SA QIS2 and are
mapped to South African postal codes rather than
CRESTA zones.
It should read:
Row 13
“Gross to Net Calculation Template (R'000)”
The label incorrectly refers to Catastrophe Risk.
The correction macro will fix this.
Labels
This workbook incorrectly refers to “Business Segments”.
None
(Re)insurers who collect the exposure info on a
CRESTA zone basis only can contact the FSB for
a mapping table.
Replace “Business Segment(s)” with “Reinsurance
Programme(s)”
Page 14 of 28
Low: this is purely a labeling
issue and has no impact on
the results.
Low: this is purely a labeling
issue and has no impact on
the results.
3. Frequently Asked Questions (FAQ)
Frequently Asked Questions (FAQ)
General
The below are general questions that have been posed and are given here as a reminder:
What must be included in the SA QIS3 submission?

The Excel Validation & Submission Tool

a PDF scanned copy of the sign-off report

the Excel Qualitative Questionnaire

the Word Qualitative Questionnaire
and for non-life insurers both of the Non-life Workbooks (parts 1 and 2).
For insurance groups, each solo licenced entity within the group must submit the above, and in
addition the group must submit a completed SA QIS3 Group Return, sign-off form and Qualitative
Questionnaire.
By when must insurers submit their SA QIS3 return?
Solo insurers (including solo insurers within a group) must submit by 30 April 2014 and groups by
14 May 2014.
The tables in the rest of this section capture a collection of specific questions asked by industry during the
various FSB SAM workshops and directly to the SAM Team regarding SA QIS3.
Page 15 of 28
Ref. #
Reference to
Technical
Specification
Question / Answer
We have assumed the longevity stress includes a decrease in AIDS related deaths as well as non-AIDS related deaths. Is this
correct?
1.
SCR.7.3.10
Your assumption is correct – the longevity stress includes a decrease in AIDS related deaths as well as non-AIDS related deaths. The
longevity shock applies to the best estimate mortality rates, which includes best estimate rates for HIV/AIDS extra mortality.
Is it correct that the premium risk factor for Aircraft is 14.5% whereas the same parameter for Marine, Rail, Transport is 14.6% ?
2.
SCR.8.2.18
Yes, the parameter is a correct. It differs due to a difference in the credibility-weighting applied in the calibration exercise performed by the
Non-Life Underwriting Risk Working Group.
Further deductions from Basic Own Funds: should other interests such as longer term loans also be deducted?
3.
OF.7
This point especially for the cash balances at a bank within the same financial conglomerate was discussed at SAM Steering
Committee. It was identified that this matter was inserted due to a concern that banks may (where they have liquidity issues) put
pressure on the insurers to hold all their cash and ST deposits with that bank. For this reason, cash deposits in OF.7.4 was extended
to include short-term deposits – it was specifically decided to exclude longer term deposits as this would not shore up the liquidity of
the bank.
SCR.6.6.12 (...) A mapping table is attached as Annexure D to map national scale ratings to those specified.
However, Annexure D in the technical specification covers a reinsurance topic, but not a credit rating mapping.
4.
SCR.6.6.12
This mapping table was emailed to public officers and SAM coordinators on 29 November 2013 and is available for download on the FSB
SAM website.
5.
SCR.8.4.80 - 83
In the liability section, General public liability is used in the tech specs and General third party liability is used in the NLUR
workbook. Public liability is typically a subset of 3rd party liability but they have been used interchangeably. Are they in fact the
same thing?
Page 16 of 28
Ref. #
Reference to
Technical
Specification
Question / Answer
The intended wording is “General Third Party (including Public Liability)” throughout.
Page 17 of 28
Appendix: NLUR Calculation Macros
Part 1 of 2: Main
CounterpartyDefault
1. Sub CounterpartyDefault()
2. ' This macro calculates the net SCR charge and reinsurance recoverables when counterparties are
excluded one-by-one
3.
Dim n_CP As Integer
4.
Dim i As Integer
5.
6.
'On Error GoTo HandleError
7.
8.
Application.ScreenUpdating = False
9.
10.
'Reads number of reinsurance counterparties from the workbook
11.
n_CP = Sheets("Company_Info").Range("D20").Value
12.
13.
'Copy all CP data to UsedByMacros sheet
14.
'CP_Prem_NPAdj
15.
Sheets("CP_Prem_NPAdj").Range("L20:AO127").Copy
16.
Sheets("UsedByMacros").Activate
17.
Sheets("UsedByMacros").Range("C16").Select
18.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
19.
:=False, Transpose:=False
20.
Application.CutCopyMode = False
21.
22.
23.
'CP_CAT_RI
24.
'A.Prop RI
25.
Sheets("CP_CAT_RI").Range("D27:AG56").Copy
26.
Sheets("UsedByMacros").Activate
27.
Sheets("UsedByMacros").Range("B133").Select
28.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
29.
:=False, Transpose:=False
30.
Application.CutCopyMode = False
31.
32.
33.
'B.Non-Prop RI
34.
Sheets("CP_CAT_RI").Range("D90:AG243").Copy
35.
Sheets("UsedByMacros").Activate
36.
Sheets("UsedByMacros").Range("B167").Select
37.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
38.
:=False, Transpose:=False
39.
Application.CutCopyMode = False
40.
41.
42.
'C.Other RI
43.
Sheets("CP_CAT_RI").Range("D250:AG279").Copy
44.
Sheets("UsedByMacros").Activate
45.
Sheets("UsedByMacros").Range("B325").Select
Page 18 of 28
46.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
47.
:=False, Transpose:=False
48.
Application.CutCopyMode = False
49.
50.
51.
52.
53.
'CP_SL_Other
54.
'SL RI
55.
Sheets("CP_SL_Other").Range("D43:H72").Copy
56.
Sheets("UsedByMacros").Activate
57.
Sheets("UsedByMacros").Range("B364").Select
58.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
59.
:=False, Transpose:=False
60.
Application.CutCopyMode = False
61.
62.
63.
'Other RI
64.
Sheets("CP_SL_Other").Range("D83:D112").Copy
65.
Sheets("UsedByMacros").Activate
66.
Sheets("UsedByMacros").Range("I364").Select
67.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
68.
:=False, Transpose:=False
69.
Application.CutCopyMode = False
70.
71.
72.
73.
'Prem_Res_USP
74.
'Prem Risk
75.
Sheets("Prem_Res_USP").Range("K19:AN126").Copy
76.
Sheets("UsedByMacros").Activate
77.
Sheets("UsedByMacros").Range("C403").Select
78.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
79.
:=False, Transpose:=False
80.
Application.CutCopyMode = False
81.
82.
83.
'Res Risk
84.
Sheets("Prem_Res_USP").Range("K137:AN244").Copy
85.
Sheets("UsedByMacros").Activate
86.
Sheets("UsedByMacros").Range("C519").Select
87.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
88.
:=False, Transpose:=False
89.
Application.CutCopyMode = False
90.
91.
92.
93.
94.
95.
Sheets("CP_Default").Range("D25:D54").ClearContents
96.
97.
'Remove and put back counterparties one-by-one
98.
For i = 1 To n_CP + 1
99.
Sheets("CP_Prem_NPAdj").Range("L20:L127").Offset(0, i - 1).ClearContents
100.
Sheets("CP_CAT_RI").Range("D27:AG27").Offset(i - 1, 0).ClearContents
101.
Sheets("CP_CAT_RI").Range("D90:AG90").Offset(i - 1, 0).ClearContents
102.
Sheets("CP_CAT_RI").Range("D121:AG121").Offset(i - 1, 0).ClearContents
Page 19 of 28
103.
Sheets("CP_CAT_RI").Range("D152:AG152").Offset(i - 1, 0).ClearContents
104.
Sheets("CP_CAT_RI").Range("D183:AG183").Offset(i - 1, 0).ClearContents
105.
Sheets("CP_CAT_RI").Range("D214:AG214").Offset(i - 1, 0).ClearContents
106.
Sheets("CP_CAT_RI").Range("D250:AG250").Offset(i - 1, 0).ClearContents
107.
Sheets("CP_SL_Other").Range("D43:H43").Offset(i - 1, 0).ClearContents
108.
Sheets("CP_SL_Other").Range("D83").Offset(i - 1, 0).ClearContents
109.
Sheets("Prem_Res_USP").Range("K19:K126").Offset(0, i - 1).ClearContents
110.
Sheets("Prem_Res_USP").Range("K137:K244").Offset(0, i - 1).ClearContents
111.
112.
NetCatCalculation
113.
114.
Sheets("CP_Default").Range("d25").Offset(i - 1, 0).Value =
Sheets("CP_Default").Range("c15").Value
115.
116.
'Copy all CP data back from UsedByMacros sheet
117.
'CP_Prem_NPAdj
118.
Sheets("UsedByMacros").Range("C16:AF123").Copy
119.
Sheets("CP_Prem_NPAdj").Activate
120.
Sheets("CP_Prem_NPAdj").Range("L20").Select
121.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
122.
:=False, Transpose:=False
123.
Application.CutCopyMode = False
124.
125.
126.
'CP_CAT_RI
127.
'A.Prop RI
128.
Sheets("UsedByMacros").Range("B133:AE162").Copy
129.
Sheets("CP_CAT_RI").Activate
130.
Sheets("CP_CAT_RI").Range("D27").Select
131.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
132.
:=False, Transpose:=False
133.
Application.CutCopyMode = False
134.
135.
'B.Non-Prop RI
136.
Sheets("UsedByMacros").Range("B167:AE320").Copy
137.
Sheets("CP_CAT_RI").Activate
138.
Sheets("CP_CAT_RI").Range("D90").Select
139.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
140.
:=False, Transpose:=False
141.
Application.CutCopyMode = False
142.
143.
'C.Other RI
144.
Sheets("UsedByMacros").Range("B325:AE354").Copy
145.
Sheets("CP_CAT_RI").Activate
146.
Sheets("CP_CAT_RI").Range("D250").Select
147.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
148.
:=False, Transpose:=False
149.
Application.CutCopyMode = False
150.
151.
'CP_SL_Other
152.
'SL RI
153.
Sheets("UsedByMacros").Range("B364:F393").Copy
154.
Sheets("CP_SL_Other").Activate
155.
Sheets("CP_SL_Other").Range("D43").Select
156.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
157.
:=False, Transpose:=False
158.
Application.CutCopyMode = False
Page 20 of 28
159.
160.
161.
162.
163.
164.
165.
166.
167.
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
181.
182.
183.
184.
185.
186.
187.
188.
189.
190.
191.
'Other RI
Sheets("UsedByMacros").Range("I364:I393").Copy
Sheets("CP_SL_Other").Activate
Sheets("CP_SL_Other").Range("D83").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
'Prem_Res_USP
'Prem Risk
Sheets("UsedByMacros").Range("C403:AF510").Copy
Sheets("Prem_Res_USP").Activate
Sheets("Prem_Res_USP").Range("K19").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
'Res Risk
Sheets("UsedByMacros").Range("C519:AF626").Copy
Sheets("Prem_Res_USP").Activate
Sheets("Prem_Res_USP").Range("K137").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Next i
Application.ScreenUpdating = True
'HandleError:
' HandleErrors
End Sub
NatCatCalculation
1. Sub NetCatCalculation()
2.
3. ' On Error GoTo HandleError
4.
5.
Application.ScreenUpdating = False
6.
7. 'NatCat M1 losses
8.
Sheets("Loss_M1_Nat_CAT_Net").Range("f31:ak38").ClearContents
9.
For r = 1 To 2
10.
If Sheets("Loss_M1_Nat_CAT_Gross").Range("e17").Offset(r, 0).Value > 0 Then
11.
Sheets("Loss_M1_Nat_CAT_Gross").Range("e17:AJ17").Offset(r, 0).Copy
12.
Sheets("Calculator_CAT_Net_Loss").Activate
13.
Range("D16").Select
14.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
15.
:=False, Transpose:=False
16.
Application.CutCopyMode = False
17.
Calculate
18.
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
19.
Range(Selection, Selection.End(xlToRight)).Copy
Page 21 of 28
20.
Sheets("Loss_M1_Nat_CAT_Net").Activate
21.
Range("f30").Offset(r, 0).Select
22.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
23.
:=False, Transpose:=False
24.
Application.CutCopyMode = False
25.
End If
26.
Next r
27.
28.
' the horizontal NatCAT losses uses a seperate calculator
29.
30.
Sheets("Loss_M1_Nat_CAT_Gross").Range("e20:AJ23").Copy
31.
Sheets("Calculator_CAT_Net_Loss").Activate
32.
Range("D48").Select
33.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
34.
:=False, Transpose:=False
35.
Application.CutCopyMode = False
36.
Calculate
37.
Sheets("Calculator_CAT_Net_Loss").Range("D129:AI132").Copy
38.
Sheets("Loss_M1_Nat_CAT_Net").Activate
39.
Range("f33").Select
40.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
41.
:=False, Transpose:=False
42.
Application.CutCopyMode = False
43.
44.
For r = 7 To 8
45.
If Sheets("Loss_M1_Nat_CAT_Gross").Range("e17").Offset(r, 0).Value > 0 Then
46.
Sheets("Loss_M1_Nat_CAT_Gross").Range("e17:AJ17").Offset(r, 0).Copy
47.
Sheets("Calculator_CAT_Net_Loss").Activate
48.
Range("D16").Select
49.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
50.
:=False, Transpose:=False
51.
Application.CutCopyMode = False
52.
Calculate
53.
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
54.
Range(Selection, Selection.End(xlToRight)).Copy
55.
Sheets("Loss_M1_Nat_CAT_Net").Activate
56.
Range("f30").Offset(r, 0).Select
57.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
58.
:=False, Transpose:=False
59.
Application.CutCopyMode = False
60.
End If
61.
Next r
62.
63. 'MM M1 Cat losses
64.
'fire
65.
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J117:AO118").ClearContents
66.
For r = 1 To 2
67.
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j30").Offset(r, 0).Value > 0 Then
68.
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j30:AO30").Offset(r, 0).Copy
69.
Sheets("Calculator_CAT_Net_Loss").Activate
70.
Range("D16").Select
71.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
72.
:=False, Transpose:=False
73.
Application.CutCopyMode = False
74.
Calculate
75.
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
76.
Range(Selection, Selection.End(xlToRight)).Copy
Page 22 of 28
77.
78.
79.
80.
81.
82.
83.
84.
85.
86.
87.
88.
89.
90.
91.
92.
93.
94.
95.
96.
97.
98.
99.
100.
101.
102.
103.
104.
105.
106.
107.
108.
109.
110.
111.
112.
113.
114.
115.
116.
117.
118.
119.
120.
121.
122.
123.
124.
125.
126.
127.
128.
129.
130.
131.
132.
133.
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j116").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'motor
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J126:AO127").ClearContents
For r = 1 To 2
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j39").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j39:AO39").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j125").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'marine
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J134:AO136").ClearContents
For r = 1 To 3
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j47").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j47:AO47").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j133").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'C&S
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J146:AO147").ClearContents
For r = 1 To 2
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j59").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j59:AO59").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Page 23 of 28
134.
135.
136.
137.
138.
139.
140.
141.
142.
143.
144.
145.
146.
147.
148.
149.
150.
151.
152.
153.
154.
155.
156.
157.
158.
159.
160.
161.
162.
163.
164.
165.
166.
167.
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
181.
182.
183.
184.
185.
186.
187.
188.
189.
190.
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j145").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J153:AO155").ClearContents
For r = 1 To 3
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j66").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j66:AO66").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j152").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'Aviation
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J167:AO168").ClearContents
For r = 1 To 2
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j80").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j80:AO80").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j166").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J170:AO170").ClearContents
For r = 1 To 1
Page 24 of 28
191.
192.
193.
194.
195.
196.
197.
198.
199.
200.
201.
202.
203.
204.
205.
206.
207.
208.
209.
210.
211.
212.
213.
214.
215.
216.
217.
218.
219.
220.
221.
222.
223.
224.
225.
226.
227.
228.
229.
230.
231.
232.
233.
234.
235.
236.
237.
238.
239.
240.
241.
242.
243.
244.
245.
246.
247.
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j83").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j83:AO83").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j169").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'Liability
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J178:AO182").ClearContents
For r = 1 To 5
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j91").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j91:AO91").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j177").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
'Terrorism
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("J189:AO191").ClearContents
For r = 1 To 3
If Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j102").Offset(r, 0).Value > 0 Then
Sheets("Loss_M1_MM_CAT_Gross_Net").Range("j102:AO102").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M1_MM_CAT_Gross_Net").Activate
Range("j188").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Page 25 of 28
248.
249.
250.
251.
252.
253.
254.
255.
256.
257.
258.
259.
260.
261.
262.
263.
264.
265.
266.
267.
268.
269.
270.
271.
272.
273.
274.
275.
276.
End If
Next r
'M2 Cat losses
Sheets("Loss_M2_CAT").Range("e272:AJ501").ClearContents
For r = 1 To 230
If Sheets("Loss_M2_CAT").Range("e34").Offset(r, 0).Value > 0 Then
Sheets("Loss_M2_CAT").Range("E34:AJ34").Offset(r, 0).Copy
Sheets("Calculator_CAT_Net_Loss").Activate
Range("D16").Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
Calculate
Sheets("Calculator_CAT_Net_Loss").Range("D39").Select
Range(Selection, Selection.End(xlToRight)).Copy
Sheets("Loss_M2_CAT").Activate
Range("e272").Offset(r, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks _
:=False, Transpose:=False
Application.CutCopyMode = False
End If
Next r
Application.ScreenUpdating = True
'HandleError:
' HandleErrors
End Sub
GoalSeekMotor
1. Sub GoalSeekMotor()
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3.
Sheets("MetaData").Range("f64").Value = 1
4.
Sheets("MetaData").Range("f67").GoalSeek Goal:=0.0005,
ChangingCell:=Sheets("MetaData").Range("f64")
5.
6. End Sub
DoCalculations
1. Sub DoCalculations()
2.
3. ' On Error GoTo HandleError
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Application.ScreenUpdating = False
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GoalSeekMotor
9.
NetCatCalculation
10.
CounterpartyDefault
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Application.CutCopyMode = False
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'ProtectAll
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Sheets("Output").Activate
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Application.ScreenUpdating = True
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MsgBox "The calculation has been completed", vbInformation, "Calculation Completed"
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Exit Sub
24.
25. 'HandleError:
26. ' HandleErrors
27. End Sub
Part 2 of 2: NatCAT
GenerateNatCatGrossLoss
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Sub GenerateNatCatGrossLoss()
'
' Generates the gross losses for natural catastrophes per Business Segment
'
Dim n As Integer
Dim num As Integer
Application.ScreenUpdating = False
num = Sheets("Customisation").Range("D19").Value
Sheets("Output").Range("L18:S49").ClearContents
For n = -1 To num
If n = 0 And Sheets("Customisation").Range("D20").Value = "Yes" Then
n=n+1
End If
'Set indicator to correct Business Segment
Sheets("Output").Range("B17").Value = n
'Copy results
Sheets("Output").Range("L52:S52").Copy
Sheets("Output").Range("L17").Offset(n + 2, 0).Select
Selection.PasteSpecial Paste:=xlPasteValues, Operation:=xlNone, SkipBlanks:=False,
Transpose:=False
25.
Application.CutCopyMode = False
26.
Next n
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Sheets("Output").Activate
29.
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Application.ScreenUpdating = True
MsgBox "The calculation has been completed", vbInformation, "Calculation Complete"
End Sub
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