Technical Provisions Segmentation
Application provision
1.1 Unless otherwise stated, this Part applies to:
- (1) a UK Solvency II firm;
- (2) in accordance with Insurance General Application 3, the Society, as modified by 16; and
- (3) in accordance with Insurance General Application 3, managing agents, as modified by 16.
10.1
01/01/2016
When calculating technical provisions, firms must segment their insurance and reinsurance obligations into homogenous risk groups and, as a minimum, by lines of business as contemplated by the Solvency II Regulations.