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Commission Implementing Regulation (EU) 2023/1672 of 30 August 2023 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 June 2023 until 29 September 2023 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Text with EEA relevance)

Type Implementing Regulation
Publication 2023-08-31
State In force
Text As published
Department European Commission, FISMA
Source EUR-Lex
articles 2

This is the act as published. Later amendments are not folded into the text below: each one is a separate act in this repository and an entry in this law's history.

Reform history JSON API
Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 302 314 320 341 457 552 3 530
2 83 95 102 123 239 380 2 614
3 85 98 106 130 236 393 1 967
4 87 101 111 135 236 391 1 518
5 89 103 115 138 237 381 1 202
6 91 107 118 142 237 367 974
7 93 109 120 144 238 349 805
8 94 111 122 147 238 331 676
9 94 112 124 150 238 331 575
10 94 113 125 152 238 331 495
11 95 113 125 153 238 331 429
12 95 113 126 153 238 331 375
13 95 114 126 153 239 332 332
14 96 114 126 154 239 332 332
15 96 115 127 154 240 333 333
16 97 116 128 155 240 333 333
17 98 116 129 156 241 334 334
18 99 117 130 157 242 335 335
19 99 118 130 158 243 336 336
20 100 118 131 158 243 336 336
21 100 118 131 158 243 336 336
22 99 118 130 158 243 336 336
23 99 117 130 157 242 335 335
24 98 116 129 156 241 334 334
25 96 115 127 155 240 333 333
26 95 114 126 153 239 332 332
27 94 112 125 152 237 330 330
28 92 111 123 151 236 329 329
29 91 109 122 149 234 327 327
30 89 108 120 148 233 326 326

3.21.   New Taiwan dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 6 12 33 150 292 2 996
2 0 6 12 33 150 332 2 248
3 1 6 14 38 144 347 1 708
4 1 6 16 41 142 348 1 325
5 1 8 19 42 141 340 1 054
6 2 9 20 45 140 327 856
7 2 11 22 46 139 312 709
8 2 11 22 48 139 296 596
9 4 11 24 49 138 279 508
10 4 12 27 51 137 263 438
11 4 12 29 52 137 247 380
12 4 12 31 52 137 232 333
13 5 12 34 52 137 230 294
14 5 13 37 52 137 230 260
15 6 13 38 53 138 231 232
16 6 13 41 53 138 231 231
17 6 15 44 53 139 232 232
18 6 15 45 54 139 232 232
19 7 16 48 55 140 233 233
20 7 17 51 56 141 234 234
21 8 18 53 56 142 235 235
22 9 18 55 58 142 235 235
23 9 20 58 60 143 236 236
24 9 20 60 61 143 236 236
25 10 22 63 63 144 237 237
26 10 22 65 65 144 237 237
27 10 23 68 67 144 237 237
28 11 24 70 69 145 238 238
29 11 25 72 71 145 238 238
30 12 26 75 73 145 238 238

3.22.   New Zealand dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 46 58 65 85 202 314 3 240
2 47 59 65 86 203 355 2 423
3 46 59 67 91 198 370 1 832
4 46 59 70 94 195 369 1 417
5 46 61 72 95 194 360 1 124
6 47 63 74 98 193 346 912
7 47 64 74 99 192 330 754
8 47 64 75 101 192 312 634
9 47 65 76 103 191 295 539
10 46 64 77 104 190 283 464
11 45 63 76 103 189 282 403
12 44 62 75 102 187 280 353
13 43 61 74 101 186 279 311
14 41 60 72 99 185 278 278
15 40 59 71 98 184 277 277
16 39 57 70 97 182 275 275
17 38 57 69 96 181 274 274
18 37 56 68 95 181 274 274
19 36 55 67 95 180 273 273
20 36 55 67 94 179 272 272
21 35 54 66 94 179 272 272
22 35 53 66 93 178 271 271
23 34 53 65 92 178 271 271
24 34 52 65 92 177 270 270
25 33 51 65 91 176 269 269
26 32 51 68 90 176 269 269
27 32 50 70 90 175 268 268
28 31 49 73 89 174 267 267
29 30 49 75 88 174 267 267
30 30 48 77 88 173 266 266

3.23.   Rand

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 109 121 127 148 265 359 3 394
2 110 122 129 150 266 372 2 547
3 112 125 133 156 263 389 1 934
4 113 127 137 161 262 390 1 502
5 115 130 141 165 263 382 1 196
6 117 133 144 168 263 369 973
7 119 136 146 170 264 357 807
8 119 136 147 173 264 357 680
9 119 137 149 175 263 356 581
10 119 137 150 177 263 356 501
11 119 137 150 177 262 355 436
12 118 136 149 176 261 354 382
13 116 135 147 174 260 353 353
14 115 133 146 173 258 351 351
15 113 131 144 171 256 349 349
16 111 129 142 169 254 347 347
17 109 128 140 167 252 345 345
18 107 126 138 165 250 343 343
19 105 124 136 163 249 342 342
20 104 122 135 162 247 340 340
21 102 120 133 160 245 338 338
22 100 119 131 158 244 337 337
23 98 117 129 156 242 335 335
24 96 115 127 155 240 333 333
25 94 113 125 153 238 331 331
26 93 111 124 151 236 329 329
27 91 109 122 149 234 327 327
28 89 108 120 147 232 325 325
29 87 106 118 146 231 324 324
30 86 104 117 144 229 322 322

3.24.   Real

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 162 174 181 202 318 413 3 526
2 171 183 189 210 327 421 2 621
3 175 188 196 220 326 421 1 986
4 177 191 201 225 326 419 1 541
5 178 193 204 228 326 419 1 225
6 179 195 206 230 325 418 996
7 180 196 207 231 325 418 824
8 179 196 207 233 323 416 693
9 178 196 208 234 322 415 591
10 178 196 208 235 321 414 509
11 176 195 207 234 320 413 442
12 174 193 205 232 318 411 411
13 172 190 203 230 315 408 408
14 169 187 200 227 312 405 405
15 166 184 197 224 309 402 402
16 163 182 194 221 306 399 399
17 160 179 191 218 303 396 396
18 157 176 188 215 301 394 394
19 154 173 185 212 298 391 391
20 151 170 182 210 295 388 388
21 148 167 179 207 292 385 385
22 145 164 176 204 289 382 382
23 142 161 173 200 286 379 379
24 139 158 170 197 283 376 376
25 136 155 167 194 280 373 373
26 133 152 164 191 277 370 370
27 130 149 161 188 274 367 367
28 127 146 158 186 271 364 364
29 125 143 156 183 268 361 361
30 122 141 153 180 265 358 358

3.25.   Renminbi-yuan

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 26 39 45 66 182 297 3 046
2 27 39 46 67 183 338 2 289
3 27 40 49 72 179 353 1 740
4 27 41 51 76 176 354 1 352
5 28 43 54 78 176 347 1 076
6 29 45 56 80 175 334 875
7 30 47 57 81 175 319 725
8 29 46 57 83 174 303 610
9 29 47 58 85 173 286 520
10 28 47 59 86 172 269 448
11 28 47 59 86 172 265 389
12 28 46 59 86 171 264 341
13 27 46 58 85 171 264 301
14 27 46 58 85 170 263 267
15 27 45 58 85 170 263 263
16 27 45 58 85 170 263 263
17 27 45 58 85 170 263 263
18 27 45 58 85 170 263 263
19 27 46 58 85 170 263 263
20 27 46 58 85 171 264 264
21 27 46 58 85 171 264 264
22 27 46 58 85 171 264 264
23 27 46 59 85 170 263 263
24 27 45 61 85 170 263 263
25 26 45 64 85 170 263 263
26 26 45 66 84 170 263 263
27 26 44 69 84 169 262 262
28 25 44 71 84 169 262 262
29 25 44 74 83 169 262 262
30 25 43 76 83 168 261 261

3.26.   Ringgit

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 24 36 43 64 180 302 3 111
2 26 38 45 66 182 344 2 338
3 28 40 49 72 179 360 1 778
4 29 43 53 77 178 361 1 381
5 31 46 57 80 179 353 1 098
6 33 48 59 84 179 340 893
7 35 51 62 86 180 325 739
8 35 52 63 89 180 308 622
9 35 53 65 92 180 291 530
10 36 55 67 94 180 274 457
11 37 55 68 95 181 274 397
12 37 56 68 96 181 274 348
13 37 56 68 96 181 274 306
14 37 56 68 96 181 274 274
15 37 56 68 95 181 274 274
16 37 56 68 95 181 274 274
17 37 56 68 95 181 274 274
18 37 56 68 96 181 274 274
19 38 56 69 96 181 274 274
20 38 56 69 96 181 274 274
21 38 57 69 96 181 274 274
22 38 56 69 96 181 274 274
23 38 56 69 96 181 274 274
24 37 56 68 95 181 274 274
25 37 55 68 95 180 273 273
26 36 55 68 94 180 273 273
27 36 54 70 94 179 272 272
28 35 54 73 93 179 272 272
29 34 53 75 93 178 271 271
30 34 52 77 92 177 270 270

3.27.   Russian rouble

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 122 134 141 162 278 373 3 425
2 121 133 139 160 277 377 2 584
3 120 133 141 164 271 395 1 969
4 119 133 143 168 268 397 1 531
5 120 134 146 169 268 389 1 219
6 120 136 147 171 266 376 992
7 121 137 148 172 266 360 823
8 120 137 148 174 265 358 693
9 119 137 149 176 264 357 591
10 119 138 150 177 263 356 509
11 119 137 150 177 263 356 443
12 118 137 149 176 261 354 387
13 117 136 148 175 260 353 353
14 116 134 147 174 259 352 352
15 114 132 145 172 257 350 350
16 112 130 143 170 255 348 348
17 109 128 140 168 253 346 346
18 107 126 138 166 251 344 344
19 105 124 136 164 249 342 342
20 103 122 134 161 247 340 340
21 101 120 132 159 245 338 338
22 99 117 130 157 242 335 335
23 97 115 128 155 240 333 333
24 95 113 125 153 238 331 331
25 92 111 123 150 236 329 329
26 90 109 121 148 234 327 327
27 88 107 119 146 231 324 324
28 86 105 117 144 229 322 322
29 84 103 115 142 227 320 320
30 82 101 113 140 225 318 318

3.28.   Singapore dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 9 15 36 153 305 3 142
2 0 10 17 38 154 346 2 355
3 1 12 21 44 151 361 1 786
4 1 14 24 49 150 361 1 384
5 2 17 28 52 150 353 1 098
6 4 20 31 55 151 339 891
7 6 23 33 58 151 323 737
8 6 24 34 60 151 306 620
9 6 24 36 63 151 289 528
10 7 25 37 64 151 272 454
11 7 25 38 65 150 255 394
12 7 25 38 65 150 243 345
13 6 25 37 64 150 243 304
14 6 25 38 64 150 243 269
15 6 25 40 64 149 242 242
16 6 24 42 64 149 242 242
17 6 24 45 64 149 242 242
18 6 24 47 64 149 242 242
19 7 25 49 64 149 242 242
20 8 25 52 65 150 243 243
21 8 25 55 65 150 243 243
22 9 26 56 65 151 244 244
23 9 26 59 66 151 244 244
24 9 26 61 66 151 244 244
25 10 26 64 66 151 244 244
26 10 26 66 67 151 244 244
27 11 26 69 69 151 244 244
28 11 26 71 71 151 244 244
29 11 26 74 73 151 244 244
30 12 27 76 75 151 244 244

3.29.   South Korean won

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 30 42 49 70 186 305 3 139
2 31 43 49 70 187 346 2 353
3 29 42 51 74 181 361 1 785
4 29 42 53 77 178 361 1 384
5 29 43 55 78 177 353 1 099
6 31 47 58 82 177 340 892
7 29 46 57 81 174 324 738
8 33 50 61 86 177 307 621
9 32 50 61 88 176 290 529
10 27 46 58 85 171 273 455
11 23 42 54 82 167 260 395
12 21 39 52 79 164 257 346
13 18 37 49 76 162 255 305
14 17 35 47 75 160 253 270
15 15 34 46 73 159 252 252
16 14 32 45 72 157 250 250
17 13 32 45 71 156 249 249
18 12 31 47 71 156 249 249
19 12 31 49 70 155 248 248
20 12 31 52 70 155 248 248
21 12 31 55 70 155 248 248
22 12 31 57 70 155 248 248
23 12 30 59 70 155 248 248
24 12 30 61 70 155 248 248
25 12 30 64 70 155 248 248
26 12 30 66 70 155 248 248
27 11 30 69 70 155 248 248
28 11 30 71 71 155 248 248
29 11 30 74 73 154 247 247
30 12 29 76 75 154 247 247

3.30.   Turkish lira

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 206 218 224 245 362 456 3 608
2 202 214 221 242 358 453 2 743
3 197 210 219 242 349 443 2 107
4 193 207 217 241 342 436 1 650
5 189 204 215 239 337 430 1 320
6 186 202 213 237 332 425 1 077
7 183 200 210 234 328 421 895
8 179 196 207 232 323 416 754
9 175 193 204 231 319 412 643
10 171 190 202 229 315 408 554
11 167 186 198 226 311 404 481
12 163 182 194 222 307 400 421
13 159 178 190 218 303 396 396
14 156 174 187 214 299 392 392
15 152 171 183 210 295 388 388
16 149 167 180 207 292 385 385
17 145 164 176 203 289 382 382
18 142 161 173 200 286 379 379
19 139 158 170 197 283 376 376
20 136 155 167 194 280 373 373
21 133 152 164 191 277 370 370
22 130 149 161 189 274 367 367
23 128 146 158 186 271 364 364
24 125 143 156 183 268 361 361
25 122 140 153 180 265 358 358
26 119 138 150 177 263 356 356
27 117 135 148 175 260 353 353
28 114 133 145 172 258 351 351
29 112 130 143 170 255 348 348
30 109 128 140 167 253 346 346

3.31.   US dollar

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 14 25 50 168 312 3 219
2 0 14 25 50 168 352 2 401
3 1 17 28 55 165 366 1 814
4 1 20 31 60 164 365 1 403
5 3 23 36 66 164 356 1 112
6 6 27 39 68 165 342 902
7 8 31 42 70 165 326 746
8 11 34 45 74 165 309 626
9 13 37 49 76 165 291 533
10 14 39 51 77 165 274 459
11 15 41 53 78 165 258 398
12 16 42 54 79 165 258 348
13 16 43 55 80 165 258 307
14 17 44 55 80 165 258 272
15 17 44 55 81 165 258 258
16 17 44 56 81 165 258 258
17 17 44 56 81 165 258 258
18 17 44 56 81 165 258 258
19 17 44 56 81 165 258 258
20 17 44 56 81 165 258 258
21 17 44 56 81 165 258 258
22 17 44 57 81 165 258 258
23 17 44 60 81 165 258 258
24 17 44 61 81 165 258 258
25 17 44 64 81 165 258 258
26 17 44 66 81 165 258 258
27 17 44 69 81 164 257 257
28 17 44 71 81 164 257 257
29 17 44 74 81 164 257 257
30 17 44 76 81 163 256 256

3.32.   Yen

Duration (in years) Credit quality step 0 Credit quality step 1 Credit quality step 2 Credit quality step 3 Credit quality step 4 Credit quality step 5 Credit quality step 6
1 0 0 4 13 130 288 2 952
2 0 1 6 13 128 328 2 215
3 1 1 8 16 122 343 1 683
4 1 3 11 18 119 343 1 307
5 1 4 13 21 118 336 1 039
6 2 4 16 23 118 323 845
7 2 6 19 26 117 309 700
8 2 6 21 29 117 293 589
9 4 7 24 30 117 277 503
10 4 9 27 33 117 260 433
11 4 9 28 35 118 245 377
12 4 9 31 37 118 230 330
13 4 11 34 39 118 215 291
14 5 11 36 41 118 211 258
15 6 13 38 43 118 211 230
16 6 13 41 45 119 212 212
17 6 15 43 47 119 212 212
18 6 15 45 50 120 213 213
19 7 16 48 51 121 213 213
20 7 17 51 54 123 214 214
21 7 18 52 55 125 214 214
22 9 18 55 57 126 214 214
23 9 20 57 59 128 215 215
24 9 20 60 61 129 215 215
25 10 21 61 63 130 215 215
26 10 22 64 65 132 215 215
27 10 23 66 66 133 215 215
28 11 24 69 68 134 215 215
29 11 25 71 70 135 214 214
30 12 25 73 71 137 214 214

ANNEX III

Volatility adjustment to the relevant risk-free interest rate term structure

Currency National insurance market Volatility adjustment (in bps)
Euro Austria 21
Euro Belgium 21
Euro Cyprus 21
Euro Estonia 21
Euro Finland 21
Euro France 21
Euro Germany 21
Euro Greece 21
Euro Ireland 21
Euro Italy 21
Euro Latvia 21
Euro Lithuania 21
Euro Luxembourg 21
Euro Malta 21
Euro Netherlands 21
Euro Portugal 21
Euro Slovakia 21
Euro Slovenia 21
Euro Spain 21
Czech koruna Czech Republic 14
Danish krone Denmark 25
Forint Hungary 13
Krona Sweden -1
Euro Croatia 21
Lev Bulgaria 18
Pound sterling United Kingdom 18
Romanian leu Romania 11
Zloty Poland 12
Króna Iceland 50
Norwegian krone Norway 24
Swiss franc Liechtenstein -3
Swiss franc Switzerland -3
Australian dollar Australia 6
Canadian dollar Canada 19
Renminbi-yuan China 3
Hong Kong dollar Hong Kong 3
US dollar United States 53
Yen Japan -2

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