allocations by the insurance company to technical provisions against outstanding risks
mathematical reserve - in the insurance industry, the actuarially calculated amounts that, together with future premium and investment income, will enable the organization to meet future claims under existing contracts
As regards technical reserves, including mathematical reserves, the same rules may be adopted as in the case of non-life insurance, namely, they must be localized in the country where activities are carried on and the rules of that country are to govern the methods of calculation, the determination of investment categories and the valuation of assets.
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