Term:
Insurance technical reserves
Definition:

The technical reserves held by insurance enterprises consist of the actuarial reserves against outstanding risks in respect of life insurance policies, including reserves for with- profit policies which add to the value on maturity of with-profit endowments or similar policies, prepayments of premiums and reserves against outstanding claims
Net equity of households in life insurance reserves and pension funds (F.61)
Prepayments of insurance premiums and reserves for outstanding claims (F.62)

Domain:
Finance
Source:
SNA 7.123 [11.89, 13.75, (AF.6) – Annex to chapter XIII]
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