10

### The Brought Forward Amount

10.1

Subject to 10.2 and 10.3, the *brought forward amount* is the *general insurance capital requirement* for the prior *financial year*, multiplied, if the ratio is less than one, by the ratio (expressed as a percentage) of:

- (1) the
*technical provisions*(calculated net of*reinsurance*) for claims outstanding at the end of the prior*financial year*; to - (2) the
*technical provisions*(calculated net of*reinsurance)*for claims outstanding at the beginning of the prior*financial year*.

- 01/01/2016

10.2

If the amount of the *technical provisions* (calculated net of *reinsurance)* in 10.1(1) and (2) is in both cases zero, the *brought forward amount* is the *general insurance capital requirement* for the prior *financial year*, multiplied, if the ratio is less than one, by the ratio (expressed as a percentage) of:

- (1) the
*technical provisions*(calculated gross of*reinsurance)*for claims outstanding at the end of the prior*financial year*; to - (2) the
*technical provisions*(calculated gross of*reinsurance)*for claims outstanding at the beginning of the prior*financial year*.

- 01/01/2016

10.3

If the amount of the *technical provisions* (calculated gross of *reinsurance)* in 10.2(1) and (2) is in both cases zero, the *brought forward amount* is the *general insurance capital requirement* for the prior *financial year*.

- 01/01/2016