demonstrated and maintained throughout the lifetime of the corresponding insurance liabilities? Please explain and if how could this be achieved? “yes”, Yes No Q27 Section 4.1.4.4 Is the proposed approach for calculating the adjustments for default reasonable? If please explain how it could be improved. “no”, Yes No Q28 Section 4.1.4.4 Should the IAIS consider introducing an adjustment to the LTFR? If what be the technical rationale for an adjustment to the LTFR and which “yes”, methodologies should the IAIS explore? Yes No Q29 Section 4.1.4.4 Is a way to avoid or mitigate the issue of risk “inverted profile” (as described in Section 4.1.4.4)? If please explain. “yes”, Yes No Q30 Section 4.1.4.4 Is the move to an adjustment defined as an absolute change (in bps) to the base curve appropriate, rather than a proportional movement? Please explain. Yes No 4.1.4.5 Options for adjustments to base yield curves 2016 Field Testing – Q31 Section 4.1.4.5 Which of the proposed options strikes a better balance between the different policy issues under consideration by the IAIS? Please explain.
demonstrated and maintained throughout the lifetime of the corresponding insurance liabilities? Please explain and if “yes”, how could this be achieved? Yes No Q27 Section 4.1.4.4 Is the proposed approach for calculating the adjustments for default reasonable? If “no”, please explain how it could be improved. Yes No Q28 Section 4.1.4.4 Should the IAIS consider introducing an adjustment to the LTFR? If “yes”, what be the technical rationale for an adjustment to the LTFR and which methodologies should the IAIS explore? Yes No Q29 Section 4.1.4.4 Is a way to avoid or mitigate the issue of “inverted risk profile” (as described in Section 4.1.4.4)? If “yes”, please explain. Yes No Q30 Section 4.1.4.4 Is the move to an adjustment defined as an absolute change (in bps) to the base curve appropriate, rather than a proportional movement? Please explain. Yes No 4.1.4.5 Options for adjustments to base yield curves – 2016 Field Testing Q31 Section 4.1.4.5 Which of the proposed options strikes a better balance between the different policy issues under consideration by the IAIS? Please explain.
2016160226_1607-iais-pc.docx