Liquidity risk

Note that the provision for outstanding claims (not included in the table), which at 31 December 2012 amounted to € 4,822 million (€4,487 million at 31 December 2011), matures in first year by definition.

With reference to non-life segment, the table here below shows the amount of gross direct claims and unearned premiums reserves split by remaining maturity. The total liability is broken down by remaining duration in proportion to the cash flows expected to arise during each duration band.