The revised Solvency II framework introduces the concept of a Small and Non-Complex Undertaking (SNCU), giving qualifying insurers access to a more proportionate regulatory framework.
Zenith Actuarial SNCU Calculator provides a quick and practical way to assess whether your undertaking may meet the quantitative requirements for SNCU classification.
How it works
1. Start with Solvency II information that you already produce
Use information available from your undertaking's existing Solvency II reporting, including the relevant Annual Quantitative Reporting Templates (Annual QRTs), to complete the assessment.
2. Let the calculator do the assessment
Once the relevant figures are entered, the calculator evaluates them against the applicable SNCU quantitative criteria and thresholds — turning the regulatory requirements into a straightforward, easy-to-follow assessment.
3. See where you stand
The result goes beyond a simple yes or no. You can see:
- Overall assessment — whether the undertaking appears to meet the quantitative requirements
- Criteria assessment — how the undertaking performs against each relevant test
- Headroom — how far key metrics are from the applicable thresholds
- Areas to watch — criteria that are close to a threshold or may merit further consideration
- Next-step insight — a practical starting point for considering SNCU classification with your actuarial or regulatory team
Rather than simply producing a
pass or fail, the calculator is designed to help you understand how comfortably the undertaking meets the quantitative requirements and where its SNCU position may be more sensitive.
What your result could look like
| Assessment | Result |
|---|---|
| Overall position | Potentially eligible |
| Quantitative criteria | Requirements met |
| Headroom | Margin to key thresholds shown |
| Areas to watch | Metrics approaching relevant thresholds identified |
Ready to check your SNCU position?
Use the Zenith Actuarial SNCU Calculator to obtain an initial assessment in just a few minutes.
The calculator provides an indicative assessment based on the information entered and should not be regarded as regulatory or legal advice.
Contact Us
Insights
