LTICR Long Term Insurance Capital Requirement

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Long Term Insurance Capital Requirement

LTICR is (broadly)calculated as a percentage (4%) of mathematical reserves.

The amendments to mathematical reserving requirements (specifically gross premium contractual ) affect the calculation of this capital requirement.

In addition,while some changes to mathematical reserves are applicable to all life firms,a number are restricted to twin peaks firms.So the LTICR will vary between twin peaks firms and those that do not adopt the twin peaks approach.The Handbook rules and guidance relating to a firm ’s capital resources requirements are set out in PRU 2.1 .

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PS0416 PSB LTICR
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