Question ID: 3573
Regulation Reference: (EU) No 2015/35 - supplementing Dir 2009/138/EC - taking up & pursuit of the business of Insurance and Reinsurance (SII)
Topic: Technical Provisions (TPs)
Article: 37(1)(d)
Status: Rejected
Date of submission: 21 May 2026
Question
Does r(t + 1) in the Risk Margin include or exclude Volatility Adjustment?
Background of the question
Actuarial Function Review
EIOPA answer
The question has been rejected because the issue it deals with is already explained in Article 37(1)(d) of Delegated Regulation (EU) 2015/35; r(t+1) denotes the basic risk-free interest rate for the maturity of t + 1 years.