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.

Non-life insurance provisions: maturity
  Gross direct amount
(€ million) 31.12.2012 31.12.2011
Up to 1 year 12,320 12,736
Between 1 and 5 years 12,268 12,464
Between 6 and 10 years 4,377 4,131
Between 11 and 20 years 3,600 3,472
More than 20 years 0 0
Total 32,565 32,803