PET - Plain English Taxonomy

Label: Financial Risk Solvency Greater Policy Liability MTV Gross Aggregate Amount
TREF ID: DE4899
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
Report the aggregate of the greater of the Solvency Liability value (calculated using assumptions as per the solvency standard) or the Minimum Termination Value (MTV) of each related product group (RPG), gross of reinsurance. 

Usage
Form Labels
Label:
Guidance:
Fund Total: Greater of Solvency Liability and MTV Gross Amount
The prudential standards allow for the actuary to be relieved of calculating the total Solvency Liability (SL) and the total MTV (respectively) for a related product group (RPG) under certain conditions. For aggregating and reporting purposes, the single amount calculated for an RPG should be included in both the SL and the MTV, rather than not including any value for the inapplicable item. Amounts are reported amounts, not derived amounts, as effectively the maximum in each case is taken at the RPG level and then aggregated across the statutory fund. Therefore each of these amounts will not necessarily match the greater of the corresponding amounts entered for SL and MTV.
Label:
Gross Greater of Solvency Liability and MTV