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European Insurance and Occupational Pensions Authority

979

Q&A

Question ID: 979

Regulation Reference: Guidelines on reporting for financial stability purposes

Article: 35

Status: Final

Date of submission: 11 Jan 2017

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.

EIOPA answer

The indicator should reflect all life business. Annuity business should therefore be included within the denominator even if they cannot lapse.