Glossary

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Term Definition Legal instruments

general insurance best estimate liability

15/11/2018

THIS DEFINITION ONLY APPLIES TO THE EXTERNAL AUDIT PART

means:

(1) the sum of items entered under row codes R0010, R0370, R0380, R0410 and R0420, column code C0180, of the annual quantitative reporting template S17.01.01; plus 

(2) the sum of items entered under row codes R0010 and R0030, column codes C0090, C0140 and C0190, of the annual quantitative reporting template S12.01.01, 

in each case as required to be reported to the PRA for the relevant financial year end.