EIOPA · 979
979
- Regulation
- Guidelines on reporting for financial stability purposes
- Article
- 35
- Submitted
- 2017-01-11
- Answered
- 2019-10-17
Question
Should the technical provisions arising from annuity business should be included within the denominator for the lapse disclosures since these policies cannot lapse? If excluded then the numerator and denominator will be consistent.
Answer
The indicator should reflect all life business. Annuity business should therefore be included within the denominator even if they cannot lapse.
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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