38.5 Technical provisions in life insurance

Reference Areas:
Health
Investments
Banking
Best Pratices in PZU

Movement in the life insurance provision, provision for bonuses and discounts and other technical provisions – insurance contracts1 January – 31 December 20171 January – 31 December 2016
 grossreinsurers’ sharenetgrossreinsurers’ sharenet
Beginning of the period16,254-16,25416,606-16,606
Increase (reduction) of provisions relating to policies concluded in the current year333-333316-316
Increase (reduction) of provisions relating to policies concluded in previous years(218)-(218)(668)-(668)
Foreign exchange differences(17)-(17)---
End of the period16,352-16,35216,254-16,254
Gross movement in life insurance provisions – unit-linked contracts1 January – 31 December 20171 January – 31 December 2016
 grossreinsurers’ sharenetgrossreinsurers’ sharenet
Beginning of the period4,917-4,9174,744-4,744
Fund increases due to premiums1,411-1,411956-956
Fees charged(90)-(90)(91)-(91)
Income on fund’s investments287-287131-131
Fund reductions due to claims, surrenders etc.(952)-(952)(799)-(799)
Other changes(58)-(58)(24)-(24)
End of the period5,515-5,5154,917-4,917
Gross movement in claims provisions1 January – 31 December 20171 January – 31 December 2016
 grossreinsurers’ sharenetgrossreinsurers’ sharenet
Beginning of the period542-542558-558
Claims provisions used during the year(572)-(572)(562)-(562)
Claims provisions recognized during the year627-627546-546
End of the period597-597542-542
  

Facebook Twitter Google Plus All