Search results 14

www.stat.fi/meta/kas/vakuutusteknine_en.html

Assets covering technical provision is the result for the financial period in the insurance technical calculation of the insurance company. The main items in the calculation of assets covering techni…

www.stat.fi/meta/kas/krvvast__muutos_en.html

The change in the provision for outstanding claims is the difference of the provision for outstanding claims at the beginning and end of the financial period. The change in the provision for outstand…

www.stat.fi/meta/kas/vakmvast_muut_en.html

Calculated as the difference of the provision for unearned premiums at the beginning and end of the financial period. The change in the provision for unearned premiums is visible in the profit and lo…

www.stat.fi/meta/kas/korvauskulut_en.html

Claims incurred consist of claims paid and changes in the provision for outstanding claims, from which reinsurers' shares are deducted. The part of claims to be paid is allocated to claims incur…

www.stat.fi/meta/kas/maksetut_krv_en.html

Claims paid are recorded as expenses for the period when the benefits are paid before the reinsurers' share. The recording of claims paid is thus made on accrual basis. In addition to benefits, …

www.stat.fi/meta/kas/ensivakuutus_en.html

Insurance business received by the insurance company directly from the policy holder. In direct insurance the policy holder is a customer that is not another insurance company

www.stat.fi/meta/kas/vakuutus_mtuoto_en.html

Earned premium consists of the sum of premium income and change in premium income, from which the reinsurers’ shares are deducted. Earned premium is income allocated from premium income directed to t…

www.stat.fi/meta/kas/tasoitusmaara_en.html

Nowadays only concerns non-life insurance companies. The equalisation provisions equalises the effect of random variations of claims paid on assets covering technical provision. The average of a long…

www.stat.fi/meta/kas/vakuutus_mtulo_en.html

Premium income is recorded for the financial period when the insurance period started. It is reported before the reinsurers' share. Premium income is received from started insurance policies and…

www.stat.fi/meta/kas/korvausvastuu_en.html

Includes all provisions paid after the financial period which are formed from the insured events occurred in the financial period or before it.

www.stat.fi/meta/kas/vakuutusmvastuu_en.html

The provision for unearned premiums describes the part of the premium income in the financial period or earlier financial periods whose risk is directed to future financial periods.

www.stat.fi/meta/kas/jalleenvakuutus_en.html

Reinsurance is an agreement between the direct insurance company and the insurance company acting as a reinsurer, by which the direct-writing company can transfer part of its insurance liability to b…

www.stat.fi/meta/kas/tekn_vastvelka_en.html

Formed as the sum of the provision for unearned premiums and the provision for outstanding claims. In insurance companies’ profit and loss account, technical provisions describe the transfer items of…

www.stat.fi/meta/kas/sijsidonnaiset_en.html

In unit-linked insurances the insurance premiums of the policy holder are directed to one or several investment targets. The value of the insurance develops according to the value changes of the inve…