CIB 6.9.4

Past version: effective from 21/10/2015 - 20/10/2015
To view other versions open the versions tab on the right

The best estimate calculated by a Captive Insurer must correspond to the probability- weighted average of future cash-flows under the Captive Insurer's insurance and contracts of reinsurance, taking account of the time value of money using the relevant discount rate applying pursuant to Rule 6.12.