Loss Carry Forward

Under the LCF system any overall negative balance in a given year is carried forward to the next accounting period.  This continues until the loss is fully recouped.

Minimum Requirements:

  • Poolable group cover with network insurers in at least two countries
  • Covering at least 300 insured lives
  • Settlement of Dividends
  • Annually for groups with a minimum of 500 lives
  • Every second year for groups with 300 to 500 lives