1A
Expert Judgement
1A.1
Where a firm makes assumptions about rules relating to the valuation of assets and liabilities, technical provisions, own funds, SCR and MCR and the rules set out in the Investments Part, these assumptions must be based on the expertise of persons with relevant knowledge, experience and understanding of the risks inherent in the firm's insurance and reinsurance business.
- 31/12/2024
1A.2
A firm must, taking due account of the principle of proportionality, ensure that internal users of the relevant assumptions are informed about their relevant content, their degree of reliability and their limitations. For that purpose, service providers to whom functions or activities have been outsourced must be considered to be internal users.
- 31/12/2024