EIOPA · 1956

Valuation of Assets and Liabilities other than TPs

Name: Valuation of Assets and Liabilities other than TPs: EIOPA Q&A — EU Financial Regulatory Q&A
Creator: European Insurance and Occupational Pensions Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Article: 75
Topic: Valuation of Assets and Liabilities other than TPs
Submitted: 2021-08-17
Answered: 2021-08-17

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Question

If undertaking for leased assets and liabilities can use discounting rate consistent with annex to IFRS 16 regulation described in paragraph 26? (COMMISSION REGULATION (EU) 2017/1986)

Answer

The market consistent valuation according to Art. 75 of the Solvency II Directive must be ensured, which may be achieved by using the lessee's incremental borrowing rate, depending on the circumstances.

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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.