BALANCE SHEET RESERVES
The amount provided as a liability on the balance sheets of an insurance company for the benefits owed to the policy owners. The balance sheet reserves signifies the amount of money that insurance companies assigned for future insurance claims or claims which have been filed but has not yet been settled or reported to the insurance company. The amount of balance sheet reserves which is needed to be maintained is regulated by the law.
Also referred as "claim reserves."
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 07:00 | Leading Indicators | May | |
| 10:00 | Ifo Business Climate Index | Jul | |
| 10:00 | Ifo Current Assessment | Jul | |
| 10:00 | IFO - Expectations | Jul | |
| 10:00 | Private Sector Credit | Jun | |
| 10:00 | M3 Money Supply | Jun | |
| 12:00 | CBI retail sales volume balance | Jul | |
| 14:30 | Durable Goods Orders | Jun | |
| 01:01 | BRC Shop Price Index | Jul |
