the risk of loss, or of adverse change in the value of insurance liabilities, resulting from changes in the level or volatility of the rates of policy lapses, terminations, renewals and surrenders (lapse risk);
tveganje izgube ali neugodne spremembe v vrednosti zavarovalnih obveznosti, ki izhajajo iz sprememb v ravni ali nestanovitnosti stopnje predčasne prekinitve, prenehanja, obnavljanja in odkupa polic (tveganje predčasne prekinitve);