in respect of life insurance contracts, value the policy liabilities in accordance with the principles and methodology set out in this Prudential Standard. 1. This Prudential Standard is made …

2023年7月1日 · Life insurers must appropriately classify their business and make separate valuations for different funds. This standard forms part of the Financial Resilience Pillar. It …

This Prudential Standard establishes a set of principles and practices for the consistent measurement and reporting of policy liabilities for life insurance contracts. The policy liabilities …

Prudential standards, practice guides and associated guidance are also available on APRA's digital Prudential Handbook, which includes powerful search and cross-referencing functionality.

LPS 340 Valuation of Policy Liabilities requires life insurers to calculate their policy liabilities using the prescribed method.

LPS 340 mostly prescribes the policy liabilities to be valued on best estimate assumptions. It would also appear to be standard industry practice to make the same allowances for …

Policy liabilities sit on the balance sheet so that company accounts represent the fair value of future obligations to policyholders Policy liabilities and profit reporting must adhere to the …

Principal: Life Insurance (prudential standard) determination No. 12 of 2012 - Prudential Standard LPS 340 - Valuation of Policy Liabilities F2012L02475

2012年12月14日 · Prudential Standard LPS 340 Valuation of Policy Liabilities comprises the 25 pages commencing on the following page.

APRA’s Prudential Standard LPS 340 (Valuation of Policy Liabilities) (LPS 340), defines the policy liability in respect of life insurance contracts as the sum of: