Insurance

Deficiência de Prêmios

A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Quick answer: A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

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Languages

Quick answer

A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Why it matters

Deficiência de Prêmios 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 Deficiência de Prêmios?

In this glossary, Deficiência de Prêmios refers to: A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

How is Deficiência de Prêmios used in finance?

In finance communication, this term appears in contexts such as: "As normas contábeis exigem que seguradoras reconheçam a reserva de deficiência de prêmios se as reivindicações e despesas previstas excederem as reservas de prêmios não ganhos."

Why does Deficiência de Prêmios matter in finance?

Deficiência de Prêmios 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 Deficiência de Prêmios?

Deficiência de Prêmios is mainly used by Financial Analysts, Bankers, and Traders.

What category does Deficiência de Prêmios belong to?

In this glossary, Deficiência de Prêmios 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 situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Operational example

Accounting standards require insurers to recognize a premium deficiency reserve if expected claims and expenses exceed unearned premium reserves.

Localized term

Deficiência de Prêmios

Localized example

As normas contábeis exigem que seguradoras reconheçam a reserva de deficiência de prêmios se as reivindicações e despesas previstas excederem as reservas de prêmios não ganhos.

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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