PET - Plain English Taxonomy

Label:	Financial Risk Solvency Expense Reserve Plus Greater Policy Liability MTV Adjusted Amount
TREF ID:	DE5540
Data Type:	xbrli:monetaryItemType
Period Type:	instant
Balance Type:	credit
Business Description & Guidance:	Report the value calculated by adding the value of the expense reserve to the greater of the Solvency Liability or the Minimum Termination Value (MTV). The greater of the Solvency Liability value or the Minimum Termination Value (MTV) is calculated as:a) the aggregate of the greater of the Solvency Liability value or the Minimum Termination Value (MTV) of each related product group (RPG), gross of reinsurance; adjusted for b) the effective amount of risk mitigation difference to be included as an offset or addition to the value of the greater of Solvency Liability and Minimum Termination Value.Risk mitigation difference is the difference in the value of risk mitigation arrangements as per prudential standards and the value as reflected in the financial statements.The expense reserve is the component of the determination of the Solvency Requirement that reflects capital requirements arising from expense risks in a closed fund scenario.

Usage

Form	Labels
LRF_100_0	Label: Guidance:	Sub Total (expense reserve + Greater of Solvency Liability and MTV) In the case of a friendly society, the Expense Reserve is Nil: the risks related to expense overrun are borne, and hence provided for, in the management fund. Refer to the Management Capital Standard.

Form

Labels

LRF_100_0

Label:

Guidance:

Sub Total (expense reserve + Greater of Solvency Liability and MTV)
In the case of a friendly society, the Expense Reserve is Nil: the risks related to expense overrun are borne, and hence provided for, in the management fund. Refer to the Management Capital Standard.