Hi there When investigating the supportability of RBs Ch 19, section 5.3 - I am confused by the asset value used to compare to the gross premium valuation The notes refer to a realistic asset value (MV) comparison to the gross premium valuation. But also says: "Aggregate earned asset shares would usually be used to compare to the liabilities...". In this context is the asset share being treated as an alternative to asset? Or is this a second comparison (GPV compared to Aggregate AS). Any guidance would be appreciated
It's saying the same thing. For the purposes of this investigation, the 'realistic value of the assets backing the with-profits business' would normally be set to be equal to the aggregate earned asset share (with these assets being valued at market value).
