Contractual Options and Financial Guarantees | Prudential Regulation Authority Handbook & Rulebook
Prudential Regulation Authority Rulebook

Prudential Regulation Authority Rulebook

Part

Technical Provisions - Further Requirements

Chapter

Contractual Options and Financial Guarantees

Printed on: 08/06/2025

Rulebook at: 26/03/2025


17

Contractual Options and Financial Guarantees

17.1

When calculating the best estimate, a firm must take into account both of the following:

  1. (1) all financial guarantees and contractual options included in their contracts of insurance; and
  2. (2) all factors which may affect the likelihood that policyholders will exercise contractual options or realise the value of financial guarantees.
  • 31/12/2024