Finance English
Insurance

Qu'est-ce que Provision pour Sinistres ?

Provision pour Sinistres A liability account on an insurer’s balance sheet representing the estimated value of unpaid reported and incurred but not reported (IBNR) claims, set aside to meet future policyholder obligations.

Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

How is “Provision pour Sinistres” Used in Practice?

L’assureur a augmenté sa provision pour sinistres afin d’assurer des fonds suffisants pour les sinistres déclarés et non déclarés.

Certification Exam Relevance

CFAACCAFRM

Who Needs to Know This Term?

  • Financial Analysts
  • Bankers
  • Traders

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Frequently Asked Questions

Qu'est-ce que Provision pour Sinistres ?

A liability account on an insurer’s balance sheet representing the estimated value of unpaid reported and incurred but not reported (IBNR) claims, set aside to meet future policyholder obligations.

Where can I learn this term for free?

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