ASR Nederland N : SFCR 2021

2021

SFCR

ASR Nederland N.V.

Dit is de

tijd van doen.

ASR Nederland N.V.

Archimedeslaan 10

P.O. Box 2072

3500 HB  Utrecht

The Netherlands

www.asrnl.com

2021

SFCR

ASR Nederland N.V.

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Contents

Introduction	6
Summary	7
A Business and performance	7
B System of governance	7
C Risk profile	8
D Valuation for Solvency purposes	8
E Capital Management	9
A	Business and performance	10
A.1	Business	12
A.2	Underwriting performance	14
A.3	Investment performance	26
A.4	Performance of other activities	28
A.5	Any other information	28
B	System of governance	29
B.1	General information on the system of
	governance	29
B.2	Fit and Proper requirements	50
B.3	Risk management system including the
	Own Risk and Solvency Assessment Risk
	Management System	50
B.4	Internal control system	60
B.5	Internal audit function	64
B.6	Actuarial function	64
B.7	Outsourcing	65
B.8	Any other information	65
C	Risk profile	66
C.1	Insurance risk	76
C.2	Market risk	84
C.3	Counterparty default risk	90
C.4	Liquidity risk	93
C.5	Operational risk	94
C.6	Other material risks	95
C.7	Any other information	95

D	Valuation for Solvency Purposes	97
D.1	Assets	98
D.2	Technical provisions	101
D.3	Other liabilities	105
D.4	Alternative methods for valuation	107
D.5	Any other information	107

E	Capital management	108
E.1	Own funds	109
E.2	Solvency Capital Requirement	112
E.3	Use of standard equity risk sub-module in
	calculation of Solvency Capital Requirement	114
E.4	Differences between Standard Formula and
	internal models	114
E.5	Non-compliance with the Minimum Capital
	Requirement and non-compliance with the
	Solvency Capital Requirement	114

Contact details	115
Contact	115