This is the value, as at the relevant date, of excess technical provisions calculated as UPL - (DRE + DAC) + URL - NPL, where:UPL = Unearned Premium Liability as determined in accordance with the relevant accounting standards.DRE = Deferred Reinsurance Expense (DRE) as determined in accordance with the relevant accounting standards.DAC = Deferred Acquisition Costs after writing down for the Liability Adequacy Test as determined in accordance with the relevant accounting standards.URL = Unexpired Risk Liability as determined in accordance with the relevant accounting standards.NPL = Premiums Liability net of recoveries, determined in accordance with the relevant prudential standards.Recoveries are determined in accordance with relevant prudential standards they are sum of expected reinsurance recoveries and non-reinsurance recoveries.