13
Comparison Against Experience
13.1
- (1) Firms must ensure that the best estimate, and the assumptions underlying the calculation of the best estimate, are regularly compared against experience.
- (2) Where the comparison in (1) identifies that a systematic deviation exists between the firm’s best estimate calculations and experience, the firm must make appropriate adjustments to the actuarial methods being used and/or the assumptions being made to ensure that the best estimate is calculated in accordance with 2 to 12.
[Note: Art. 83 of the Solvency II Directive]
- 01/01/2016