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PFN PIN 6.10.7

An Insurer must present, as a Supplementary Note to this form, the following information:

(a) the assumed inflation and discount rates, expressed as an annualised percentage, used by the Insurer in determining the amounts reported on this form, distinguishing between the rates assumed for the periods:
(i) up to two calendar years after the end of the reporting period;
(ii) more than two and up to five calendar years after the end of the reporting period; and
(iii) more than five calendar years after the end of the reporting period;
(b) the basis on which those assumed inflation and discount rates were determined; and
(c) the estimated weighted average term to settlement of:
(i) claims incurred in the reporting period;
(ii) claims incurred in the previous reporting period; and
(iii) claims incurred in earlier reporting periods.

Derived from DFSA RM11/2004 (Made 16th September 2004). [VER1/09-04]