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{{Quiz/start}} |
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mw.loader.getState('ext.gadget.wix-core') |
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{{Quiz |
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| topic = Valuation |
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| question = Under Solvency II, how must assets be valued on the economic balance sheet? |
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| option_a = At historical cost, consistent with IFRS 9 |
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| option_b = At market-consistent (fair) value, using quoted market prices where available |
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| option_c = At the lower of cost and net realisable value |
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| option_d = At amortised cost with an impairment overlay |
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| correct_answer = b |
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| explanation = Solvency II requires a market-consistent valuation framework. Assets must be valued at the amount for which they could be exchanged between knowledgeable, willing parties in an arm's-length transaction. |
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}} |
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{{Quiz |
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| topic = Technical Provisions |
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| question = Technical provisions under Solvency II are equal to the sum of which two components? |
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| option_a = Unearned Premium Reserve + Claims Outstanding Reserve |
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| option_b = Best Estimate Liability (BEL) + Risk Margin |
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| option_c = Solvency Capital Requirement + Risk Margin |
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| option_d = Best Estimate Liability (BEL) + Matching Adjustment |
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| correct_answer = b |
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| explanation = Article 77 of the Solvency II Directive defines technical provisions as the sum of the Best Estimate Liability and the Risk Margin. |
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}} |
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{{Quiz/end}} |
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