What is Technical Reserve?
Technical Reserve The mandatory liability on an insurer’s balance sheet representing the amount set aside to cover future insurance claims, unearned premiums, and actuarial obligations, as required by insurance regulations.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Technical Reserve” Used in Practice?
Regulators require insurers to maintain adequate technical reserves to ensure all policyholder obligations can be met, even in adverse scenarios.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Technical Reserve?
The mandatory liability on an insurer’s balance sheet representing the amount set aside to cover future insurance claims, unearned premiums, and actuarial obligations, as required by insurance regulations.
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