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Insurance

Provision pour Sinistres

A liability established by insurers to cover future claims payments for reported and incurred-but-not-reported (IBNR) losses, representing the estimated amount required to settle all obligations from insurance contracts.

Quick answer: A liability established by insurers to cover future claims payments for reported and incurred-but-not-reported (IBNR) losses, representing the estimated amount required to settle all obligations from insurance contracts.

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Quick answer

A liability established by insurers to cover future claims payments for reported and incurred-but-not-reported (IBNR) losses, representing the estimated amount required to settle all obligations from insurance contracts.

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 established by insurers to cover future claims payments for reported and incurred-but-not-reported (IBNR) losses, representing the estimated amount required to settle all obligations from insurance contracts.

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 après avoir constaté que les provisions existantes étaient insuffisantes pour les réclamations en cours."

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 established by insurers to cover future claims payments for reported and incurred-but-not-reported (IBNR) losses, representing the estimated amount required to settle all obligations from insurance contracts.

Operational example

The insurer increased its loss reserve after a review indicated that existing provisions were insufficient for pending claims.

Localized term

Provision pour Sinistres

Localized example

L'assureur a augmenté sa provision pour sinistres après avoir constaté que les provisions existantes étaient insuffisantes pour les réclamations en cours.

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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