Answer
Current exit value: the amount that the insurer would expect to have to pay today to another entity if it transferred all its remaining contractual rights and obligations immediately to that entity (and excluding any payment receivable or payable for other rights and obligations, such as renewal rights).because there is no secondary market for most insurance liabilities, that amount would need to be estimated. this is a type of market-consistent value of the entire portfolio of the insurer and similar to the fair value of that portfolio. current entry value: the amount that the insurer would charge to a policyholder today for entering into a contract with the same remaining rights and obligations as the existing contract. at inception, the measurement would be calibrated to the actual premiums incurred (and recoverable acquisition cost incurred). that calibration would act as a starting point for determining risk margins at later dates. because there is no secondary market for most insurance liabilities, that amount would need to be estimated.
