Prospective reserve

{
  "id": "MLC-T-INS-002737",
  "term": "Prospective reserve",
  "field": "Insurance and risk management",
  "definition": "A calculation of the present value of future benefits minus the present value of future net premiums for an insurance policy. This reserve represents the amount an insurer must hold to meet its future obligations to policyholders. It is a key component of an insurer's financial statements and solvency requirements.",
  "url": "https://mlchart.com/terminology/insurance/prospective-reserve/"
}