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Insurance

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.

Quick answer: 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.

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Quick answer

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.

Why it matters

Provision pour Sinistres matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is Provision pour Sinistres?

In this glossary, Provision pour Sinistres refers to: 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.

How is Provision pour Sinistres used in finance?

In finance communication, this term appears in contexts such as: "L’assureur a augmenté sa provision pour sinistres afin d’assurer des fonds suffisants pour les sinistres déclarés et non déclarés."

Why does Provision pour Sinistres matter in finance?

Provision pour Sinistres matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses Provision pour Sinistres?

Provision pour Sinistres is mainly used by Financial Analysts, Bankers, and Traders.

What category does Provision pour Sinistres belong to?

In this glossary, Provision pour Sinistres is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

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.

Operational example

The insurer increased its claims reserve to ensure adequate funds for both reported and incurred but not reported claims.

Localized term

Provision pour Sinistres

Localized example

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

Definition language

English reference definition

Source

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

Category

Insurance

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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