See unrealised capital gains. They sometimes refer to a conservative level of insurance liabilities, where some of the provisions are likely to be released over time, meaning there is 'hidden value' built into the liabilities.
Found on http://www.encyclo.co.uk/local/20197
See unrealised capital gains. They sometimes refer to a conservative level of insurance liabilities, where some of the provisions are likely to be released over time, meaning there is 'hidden value' built into the liabilities.