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Non-Life Marine Platform Explosion Risk

Calculate the Platform Explosion Risk Capital Requirement instantly.

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PlatformPlatform SI
1
€
2
€

Platform Alpha

€1 200 000

>=

Next Largest

€800 000

=

Platform Explosion Risk

€1 200 000

1Step 1

Use the largest offshore platform sum insured

SCRplatform=max⁡p(SIp)SCR_{platform}=\max_p(SI_p)

Understand the Non-Life Marine Platform Explosion Risk

Overview

Article 130 treats offshore platform explosion risk as a largest-platform concentration within marine catastrophe risk.[1]

Input Terms

  • Platform: Identifier for each offshore platform exposure considered under Article 130.[1]
  • Platform SI: Sum insured for the offshore platform exposure under the Article 130 marine catastrophe basis.[1]

Technical Rationale

Article 130 focuses the platform-explosion amount on the largest offshore platform sum insured because a catastrophic platform event is a concentration stress. The maximum-exposure basis preserves the severity of the largest platform loss rather than averaging it across the marine portfolio.

Sources

  1. Delegated Regulation (EU) 2015/35 - Art. 130 (Marine risk sub-module) - EIOPA

Default values are illustrative sample inputs for navigation, training, and QA. Replace them with controlled data before using the result in capital analysis, governance, or reporting decisions.