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

 
 
 

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

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

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. 

 
 
 
 
 
 
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