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Article (1) – Types of Technical Provisions

IA-BOD-RES 26/2014 Effective from 28/12/2014

The Company shall establish the required technical provisions to meet its obligations towards participants and their beneficiaries, including:

  1. Unearned Contribution Reserves
     
  2. Unexpired Risk Reserves
     
  3. Outstanding Loss Reserves
     
  4. Incurred But Not Reported Reserves
     
  5. Allocated Loss Adjustment Expense and Unallocated Loss Adjustment Expense Reserves
     
  6. Mathematical Reserves