PET - Plain English Taxonomy

Label:	Financial Risk Solvency Investment Linked Risk Margin Included In MTV Amount
TREF ID:	DE5074
Data Type:	xbrli:monetaryItemType
Period Type:	instant
Balance Type:	credit
Business Description & Guidance:	Report the amount of investment linked (IL) risk margin included in the minimum termination value (MTV). This risk margin reflects the additional risks that may be borne by the reporting party in conducting investment-linked business.MTV is the amount that a life insurer is obliged to pay to policyholders if they decided to voluntarily terminate their policies at the relevant date. The obligation might be contractual, statutory or a result of past practice. Calculated as the greater of: a) the lowest Termination Value that the reporting party is obliged to pay; and b) the amount calculated in accordance with the Surrender Value Standard.

Usage

Form	Labels
LRF_100_0	Label: Guidance:	Amount of investment linked (IL) risk margin included in MTV For Friendly Societies, this may be carried in the Management Fund
LRF_410_0	Label: Guidance:	IL risk margin included in MTV In the case of a friendly society, the prescribed investment linked risk margin is nil, as the risk is borne, and hence provided for, in the Management Fund.

Form

Labels

LRF_100_0

Label:

Guidance:

Amount of investment linked (IL) risk margin included in MTV
For Friendly Societies, this may be carried in the Management Fund

LRF_410_0

Label:

Guidance:

IL risk margin included in MTV
In the case of a friendly society, the prescribed investment linked risk margin is nil, as the risk is borne, and hence provided for, in the Management Fund.