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Article 92 - Simplified calculation of the capital requirement for life longevity risk

Comparing 18/01/2015 → 02/04/2016: 0 added, 0 removed, 3 changed Close comparison

Where Article 88 is complied with, insurance and reinsurance undertakings may calculate the capital requirement for life longevity risk calculated as follows:

\mathrm{SCR}_{\mathrm{longevity}} = 0.2 \cdot q \cdot n \cdot 1.1^{(n-1)/2} \cdot \mathrm{BE}_{\mathrm{long}}

where, with respect to the policies referred to in Article 138(2):

(a)((a)) q denotes the expected average mortality rate of the insured persons during the following 12 months weighted by the sum insured;

(b)((b)) n denotes the modified duration in years of the payments to beneficiaries included in the best estimate;

(c)((c)) BE_{long} denotes the best estimate of the obligations subject to longevity risk.

Official text · consolidated version 02/04/2016 (no longer in force) Open full page ↗
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