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1. Each section shall further be headed by icons that visually represent the content of the respective section heading, as follows:(a) the information on the main risks insured referred to in Article 20(8)(b) of Directive (EU) 2016/97 shall be headed by an icon of an umbrella, which shall be white...

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 11 August 2017.For the CommissionThe...

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The Commission and the supervisory authorities of the Member States shall cooperate closely for the purposes of examining any difficulties which might arise in implementing this Section.In the course ofthatcooperation they shall examine in particular any practices which might indicate that the...

1. The separate management referred to in Article 73 shall be organised in such a way that the life insurance activity is distinct from non-life insurance activity.The respective interests of life and non-life policy holders shall not be prejudiced and, in particular, profits from life insurance...

1. Member States shall ensure that, unless otherwise stated, insurance and reinsurance undertakings value assets and liabilities as follows:(a) assets shall be valued at the amount for which they could be exchanged between knowledgeable willing parties in an arm’s length transaction;(b)...

1. Member States shall ensure that insurance and reinsurance undertakings establish technical provisions with respect to all of their insurance and reinsurance obligations towards policy holders and beneficiaries of insurance or reinsurance contracts.2. The value of technical provisions shall...

1. The value of technical provisions shall be equal to the sum of a best estimate and a risk margin as set out in paragraphs 2 and 3.2. The best estimate shall correspond to the probability-weighted average of future cash-flows, taking account of the time value of money (expected present value of...

The determination of the relevant risk-free interest rate term structure referred to in Article 77(2) shall make use of, and be consistent with, information derived from relevant financial instruments. That determination shall take into account relevant financial instruments of those maturities...