- Statement of Management's Responsibilities
- Independent Auditor's Report
- The consolidated financial statements
- Notes to the Consolidated Financial Statements
- General Information
- Main Accounting Policies
- Main Assumptions
- Risk Report
- Segment Reporting
- Notes to the Statement of Financial Position
- Intangible assets
- Property, plant and equipment
- Investment property
- Investments in associates
Financial assets 7
- Reinsurers' share of technical provisions
- Receivables
- Other assets
- Cash and cash equivalents
- Non-current assets held for sale
- Equity
- Subordinated liabilities
- Insurance technical provisions and insurance technical provisions for unit-linked insurance contracts
- Employee benefits
- Other provisions
- Deferred tax assets and liabilities
- Other financial liabilities
- Operating liabilities
- Other liabilities
- Notes to the Income Statement
- Other Information
- Appendix
6.13 Insurance technical provisions and insurance technical provisions for unit-linked insurance contracts
Insurance technical provisions and insurance technical provisions for unit-linked insurance contracts
| in EUR | ||
| 2011 | 2010 | |
| NON-LIFE INSURANCE | ||
| GROSS PROVISIONS FOR UNEARNED PREMIUMS | ||
| Gross provision for unearned premiums | 291,217,540 | 295,892,720 |
| Gross provisions for unearned premiums from coinsurance | 97,853 | 111,351 |
| TOTAL GROSS UNEARNED PREMIUM PROVISIONS | 291,315,393 | 296,004,071 |
| GROSS CLAIMS PROVISIONS | ||
| Gross provisions for incurred and reported claims | 219,320,381 | 203,400,836 |
| Gross claims provisions for co-insurance | 1,453,679 | 1,127,216 |
| Gross claims provisions for IBNR and IBNER | 429,159,213 | 453,482,545 |
| Expected subrogation | -10,303,807 | -11,124,365 |
| Provisions for claim handling costs | 45,209,397 | 43,370,371 |
| GROSS CLAIMS PROVISIONS | 684,838,863 | 690,256,603 |
| GROSS PROVISIONS FOR BONUSES AND DISCOUNTS | 16,599,643 | 17,836,389 |
| TOTAL OTHER INSURANCE TECHNICAL PROVISIONS | 10,377,656 | 19,052,894 |
| TOTAL NON-LIFE INSURANCE TECHNICAL PROVISIONS | 1,003,131,555 | 1,023,149,957 |
| LIFE INSURANCE | ||
| GROSS UNEARNED PREMIUM PROVISIONS | 425,005 | 363,38 |
| GROSS MATHEMATICAL PROVISIONS* | ||
| Gross mathematical provisions covering life insurance | 685,151,142 | 678,945,431 |
| Gross mathematical provisions covering SVPI | 158,096,122 | 170,902,344 |
| Gross mathematical provisions covering SVPI during the annuity pay-out period | 2,217,670 | 0 |
| TOTAL GROSS MATHEMATICAL PROVISIONS | 845,464,934 | 849,847,775 |
| GROSS CLAIMS PROVISIONS | 20,625,387 | 21,471,714 |
| OTHER TECHNICAL PROVISIONS | 0 | 0 |
| TOTAL LIFE INSURANCE TECHNICAL PROVISIONS | 866,515,326 | 871,682,869 |
| TOTAL INSURANCE TECHNICAL PROVISIONS | 1,869,646,881 | 1,894,832,829 |
| GROSS MATHEMATICAL PROVISIONS COVERING ULI | 364,495,891 | 376,083,063 |
* Insurance technical provisions include gross mathematical provisions for the long-term business fund backing unit-linked insurance (ULI), which are disclosed
Documents
Analysis of changes in insurance technical provisions
|
|
|
|
|
|
in EUR |
|
|
31 December 2010 |
Formation |
Use |
Release |
31 December 2011 |
|
Gross unearned premium |
296,367,454 |
261,023,657 |
-265,650,713 |
0 |
291,740,398 |
|
Gross mathematical provisions |
849,847,775 |
95,591,627 |
-96,344,970 |
-3,629,498 |
845,464,934 |
|
Gross claims provisions |
711,728,317 |
236,562,596 |
-182,980,946 |
-59,845,717 |
705,464,250 |
|
Gross provisions for bonuses and discounts |
17,836,389 |
10,806,384 |
-6,679,290 |
-5,363,840 |
16,599,643 |
|
Other gross insurance technical provisions |
19,052,894 |
10,377,656 |
-19,052,894 |
0 |
10,377,656 |
|
Gross insurance technical provisions for unit-linked insurance |
376,083,063 |
15,420,062 |
-26,939,659 |
-67,575 |
364,495,891 |
|
TOTAL |
2,270,915,892 |
629,781,982 |
-597,648,472 |
-68,906,630 |
2,234,142,772 |
Analysis of the decrease in gross mathematical provisions
|
|
|
in EUR |
|
|
2011 |
2010 |
|
Surrenders |
67,880,879 |
41,602,591 |
|
Endowments |
52,149,729 |
39,208,196 |
|
Deaths |
3,254,021 |
3,035,999 |
|
TOTAL |
123,284,629 |
83,846,786 |
Analysis of changes in loss events for non-life insurance
|
|
|
|
|
|
|
|
|
|
in EUR |
|
Cumulative loss assessment |
|
|
|||||||
|
|
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
TOTAL* |
|
at the end of year of occurrence |
345,954,557 |
337,227,075 |
395,532,468 |
452,588,309 |
580,563,977 |
560,952,881 |
535,615,958 |
509,028,152 |
3,717,463,379 |
|
1 year after year of occurrence |
364,915,806 |
349,418,055 |
388,699,228 |
441,568,602 |
558,871,106 |
502,868,739 |
492,902,084 |
|
3,099,243,621 |
|
2 years after year of occurrence |
388,566,812 |
364,418,433 |
386,951,625 |
437,542,206 |
531,833,942 |
492,609,753 |
|
|
2,601,922,772 |
|
3 years after year of occurrence |
419,309,049 |
394,812,349 |
391,396,176 |
429,583,969 |
530,609,243 |
|
|
|
2,165,710,786 |
|
4 years after year of occurrence |
493,011,817 |
437,600,736 |
391,600,750 |
430,229,469 |
|
|
|
|
1,752,442,772 |
|
5 years after year of occurrence |
527,660,587 |
462,894,947 |
391,808,717 |
|
|
|
|
|
1,382,364,251 |
|
6 years after year of occurrence |
550,965,574 |
481,557,073 |
|
|
|
|
|
|
1,032,522,647 |
|
7 years after year of occurrence |
547,869,910 |
|
|
|
|
|
|
|
547,869,910 |
|
CUMULATIVE LOSS ASSESSMENT |
547,869,910 |
481,557,073 |
391,808,717 |
430,229,469 |
530,609,243 |
492,609,753 |
492,902,084 |
509,028,152 |
3,876,614,402 |
|
Cumulative payments until balance sheet date |
503,451,976 |
443,306,936 |
360,350,789 |
391,732,738 |
484,352,971 |
430,631,228 |
403,543,688 |
293,090,943 |
3,310,461,269 |
|
CLAIMS PROVISIONS BALANCE |
44,417,934 |
38,250,136 |
31,457,928 |
38,496,732 |
46,256,272 |
61,978,525 |
89,358,396 |
215,937,209 |
566,153,133 |
* The triangle includes gross claims provisions for incurred and reported claims as well as gross claims provisions for IBNER.