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Insurance

Provision pour sinistres

A liability on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).

Quick answer: A liability on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).

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Quick answer

A liability on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).

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 on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).

How is Provision pour sinistres used in finance?

In finance communication, this term appears in contexts such as: "Les assureurs doivent maintenir une provision pour sinistres adéquate afin de garantir des fonds suffisants pour les obligations de sinistres en cours et la conformité réglementaire."

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 on an insurer’s balance sheet representing funds set aside to pay claims that have been incurred but not yet settled, including claims reported and IBNR (incurred but not reported).

Operational example

Insurers must maintain an adequate loss reserve to ensure sufficient funds are available for outstanding claims obligations and regulatory compliance.

Localized term

Provision pour sinistres

Localized example

Les assureurs doivent maintenir une provision pour sinistres adéquate afin de garantir des fonds suffisants pour les obligations de sinistres en cours et la conformité réglementaire.

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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