No absolute floor Minimum Capital Requirement
As ring-fenced funds, cells with recourse to the non-cellular core could only need capital to cover their own notional Solvency Capital Requirement (nSCR), often considerably lower than the €4,000,000 minimum for standalone insurers.
Access to Core Surplus
Our PCC structure may further allow established cells to leverage our core’s surplus funds, subject to meeting our risk appetite, providing flexibility for growth.
Integrated Risk Management and Governance
Benefit from established substance and governance of our PCC, including shared risk management, compliance, actuarial and internal audit functions and resources, reducing costs for cell owners while safeguarding each cell’s assets.
Integrated Reporting
Leverage our comprehensive reporting processes and channels to fulfil all regulatory requirements across the EEA and UK. Our PCC offers a unified approach to reporting and disclosure, streamlining processes and reducing administrative burdens. This includes one Single Own Risk Solvency Assessment (ORSA) report and audited Solvency Financial Condition Report (SFCR) for the entire PCC.