V
VikZ
Member
Hello,
This is just a general question (I cannot remember exactly where I saw this from the course note). For reserve sensitivity under Solvency II, the relationship between reserve amount and discount rate will not be entirely linear with existence of guarantee (and option). Why is this the case?
This is just a general question (I cannot remember exactly where I saw this from the course note). For reserve sensitivity under Solvency II, the relationship between reserve amount and discount rate will not be entirely linear with existence of guarantee (and option). Why is this the case?