EIOPA · 705
705
- Regulation
- Guidelines on reporting and public disclosure
- Article
- 35
- Submitted
- 2016-07-06
- Answered
- 2019-10-17
Question
Guideline 22 says: "Details of the key options and guarentees within the calculation of the technical provisions and the significance of each and how they are evolving."
Can you provide some further clarification as to what "evolving" refers to in this guideline.
Answer
In Guideline 22 “evolving” means that undertaking should provide information regarding the past and expected evolution of the options and guarantees, e.g. if options are in/out of the money, what are the expectations that options are used by policyholders, if it is expected when; if undertaking management of assets allows the payment of the guarantees embedded in the obligations, etc.
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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