Our glossary explains technical terms from the areas finance and reinsurance. We hope it facilitates the understanding of our texts, publications and annual reports. If you have comments or suggestions, please use our feedback form!
Target solvency capital
regulatory solvency capital requirement in accordance with Solvency II standards. At Hannover Re this is calculated using an internal model.
balance of income and expenditure allocated to the insurance business and shown in the technical statement of income.
cf. obligatory reinsurance: reinsurance treaty under which the reinsurer participates in a cedant’s total, precisely defined insurance portfolio. This is in contrast to facultative reinsurance.