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Article number: 29
The calculation of the best estimate shall take into account expected future developments that will have a material impact on the cash in- and out-flows required to settle the insurance and reinsurance obligations over the lifetime thereof. For that purpose future developments shall include demographic, legal, medical, technological, social, environmental and economic developments including inflation as referred to in point (2) of Article 78 of Directive 2009/138/EC.
Metadata
RULEBOOK TOPIC: SUBSECTION 3 - Cah Flow projections for the calculation of the Best Estimate
RULEBOOK CATEGORY: DELEGATED REGULATION (EU) 2015/35
Last update on: 09 Mar 2022