EIOPA · 1246

1246

Regulation
(EU) No 2015/2450 - templates for the submission of information to the supervisory authorities
Article
35
Submitted
2017-07-24
Answered
2019-10-02
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Question

Guaranteed level information. For eg, GMAB and GMDB guaranteed level could be based on Account Value or Single premium base, the the level is around 1. For GMWB and GMIB, guarantee level is a rate and around 5% for example. Sometimes, it is the roll up rate that is guaranteed, in this case, we put the roll up rate. It makes the guaranteed level information very uncomparable between different type of guarantees. Is the logic of putting guarantee level fine?

Answer

We confirm that the logic of putting guarantee level is correct. We are aware that it makes the guaranteed level information not completely comparable between different type of guarantees.
View original on European Insurance and Occupational Pensions Authority ↗

This Q&A is published by European Insurance and Occupational Pensions Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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