Einde inhoudsopgave
Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)
Article 265 Valuation of technical provisions — documentation
Geldend
Geldend vanaf 18-01-2015
- Bronpublicatie:
10-10-2014, PbEU 2015, L 12 (uitgifte: 17-01-2015, regelingnummer: 2015/35)
- Inwerkingtreding
18-01-2015
- Bronpublicatie inwerkingtreding:
10-10-2014, PbEU 2015, L 12 (uitgifte: 17-01-2015, regelingnummer: 2015/35)
- Vakgebied(en)
Financieel recht / Europees financieel recht
Financieel recht / Financieel toezicht (juridisch)
Verzekeringsrecht / Europees verzekeringsrecht
Verzekeringsrecht / Bijzondere onderwerpen
1.
Insurance and reinsurance undertakings shall document the following processes:
- (a)
the collection of data and analysis of its quality and other information that relates to the calculation of technical provisions;
- (b)
the choice of assumptions used in the calculation of technical provisions, in particular the choice of relevant assumptions about the allocation of expenses;
- (c)
the selection and application of actuarial and statistical methods for the calculation of technical provisions;
- (d)
the validation of technical provisions.
2.
For the purposes of point (a) of paragraph 1, the documentation shall include:
- (a)
a directory of the data used in the calculation of the technical provisions, specifying their source, characteristics and usage;
- (b)
the specification for the collection, processing and application of data referred to in Article 19(3)(e);
- (c)
where data are not used consistently over time in the calculation of technical provisions, a description of the inconsistent use and its justification.
3.
For the purposes of point (b) of paragraph 1, the documentation shall include:
- (a)
a directory of all the relevant assumptions that the calculation of technical provisions are based upon; this shall include assumptions on future management actions;
- (b)
a justification for the choice of the assumption in accordance with Subsection 1 of Section 3 of Chapter III;
- (c)
a description of the inputs on which the choice is based;
- (d)
the objectives of the choice and the criteria used for determining the appropriateness of this choice;
- (e)
any material limitations in the choice made;
- (f)
a description of the processes in place to review the choice of assumptions;
- (g)
a justification for the changes of assumptions from one period to another and an estimation of the impact of material changes;
- (h)
the relevant deviations referred to in Article 23(2).