PET - Plain English Taxonomy

Label: Financial Risk Solvency Minimum Termination Value Net Excluding IL Risk Margin Amount
TREF ID: DE5628
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
Report the minimum termination value (net of reinsurance) excluding the amount of any investment linked risk margin.The minimum termination value (MTV) is determined by the prudential standards as 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.The investment linked (IL) risk margin reflects the additional risks that may be borne by the reporting party in conducting investment-linked business. 

Usage
Form Labels
Label:
Net Minimum Termination Value (MTV) excluding IL risk margin