Regulatory Alerts2022-02-28
Finansinspektionen’s regulations regarding life insurance undertakings’ and occupational pension undertakings’ calculation of contingency reserves (FFFS 2021:4)
Finansinspektionen issued regulations establishing maximum limits for contingency reserves that life insurance and occupational pension undertakings may hold. The rules define specific calculation formulas based on premium income and outstanding claims for various insurance lines, while detailing procedures for reversing excess reserves to cover technical losses. Additionally, the regulations permit exemptions under special circumstances and allow reversals to address solvency capital shortfalls.
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