Article R343-8 of the French Insurance Code
November 7, 2023
The technical provisions corresponding to accepted reinsurance transactions are as follows: 1° Mathematical provision: difference between the present value of the commitments assumed by the reinsurer and by the reinsured companies; 2° Mathematical provision for annuities: present value of the undertaking’s commitments in respect of annuities and annuity-related benefits for which it is liable; 3° Provision for deferred acquisition costs: provision intended to cover charges resulting from the deferral of…
