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.