So we're gonna model the reinsurance assets for Generali and to do that, we are gonna need these assumptions here. And they tell us the proportion of insurance provisions which have been seeded to reinsurers. Now we've been given these assumptions for life and P and C business separately, so we can model the reinsurance assets for life and P and C business separately. Now remember that the accounting for reinsurance exactly mirrors that of the underlying policies. So whatever proportion of premiums are paid away to reinsurers, we'll see a similar proportion of the insurance provisions recognized separately as a reinsurance asset on the balance sheet. Now, in terms of the actual assumptions, if we go across you'll see that the amount of business which is seeded to reinsurers for life business is much lower than for P and C business. And that's pretty typical because P and C business relies heavily on reinsurance to help them manage their underwriting risk. Whereas for life business, they often offer a range of products, which provides some natural hedge against some of the key risks within life insurance, such as mortality risk. So let's now go to the balance sheet and we'll calculate our reinsurance assets.

And we'll start off with the life reinsurance asset. So we'll need to go back up to find our assumption.

And then we're gonna need to go all the way down to our insurance provisions to find our life insurance provisions and that will help us calculate the life reinsurance asset. Now we'll do exactly same for the P and C business.

And now we can go down to find the P and C insurance provisions and that allows us to calculate our P and C reinsurance assets. So we've now calculated our reinsurance assets for Generali. We've only built it for one forecast year but that's okay 'cause we'll roll forward all of our balance sheet forecasts once we finish building our balance sheet.