39.2 Estimates and assumptions

Reference Areas:
Best Pratices in PZU

Provisions for retirement severance pay and post-mortem benefits are estimated by actuarial methods, using appropriate actuarial techniques and assumptions:   

  • discount rates consistent with the yield curve of zero-coupon Treasury bonds,
  • mortality rate assumed at the level specified in the Polish Life Expectancy Tables,
  • the expected salary growth rate in the individual entities of the PZU Group,
  • employee turnover rate (broken down by age, length of service and sex), and
  • disability rate (i.e. departures due to disability) taken as a relevant percentage of the mortality rate.


Facebook Twitter Google Plus All