Alternative methods for valuation
Article 263
Where alternative valuation methods in accordance with Article 10(5) are used, insurance and reinsurance undertakings shall: (a) identify the assets and liabilities to which that valuation approach applies; (b) justify the use of that valuation approach for the assets and liabilities referred to in point (a); (c) document the assumptions underlying that valuation approach; (d) assess the valuation uncertainty of the assets and liabilities referred to in point (a); (e) regularly compare the adequacy of the valuation of the assets and liabilities referred to in point (a) against experience.