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41.3. Quantitative data

Annual Report 2019 > 41.3. Quantitative data
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41.3.  Quantitative data

Technical provisions 31 December 2019 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Technical provisions in non-life insurance 24,457 (1,856) 22,601 23,508 (1,512) 21,996
Provision for unearned premiums 8,765 (856) 7,909 8,416 (594) 7,822
Provision for unexpired risk 14 - 14 10 - 10
Provisions for outstanding claims and benefits 9,676 (785) 8,891 9,098 (724) 8,374
– for reported claims 3,414 (670) 2,744 3,280 (603) 2,677
– for claims not reported (IBNR) 4,210 (90) 4,120 3,939 (103) 3,836
– for claims handling expenses 2,052 (25) 2,027 1,879 (18) 1,861
Provision for the capitalized value of annuities 5,999 (215) 5,784 5,981 (194) 5,787
Provisions for bonuses and discounts for insureds 3 - 3 3 - 3
Technical provisions in life insurance 22,872 - 22,872 22,331 - 22,331
Provision for unearned premiums 106 - 106 99 - 99
Life insurance provision 16,346 - 16,346 16,204 - 16,204
Provisions for outstanding claims and benefits 622 - 622 592 - 592
– for reported claims 167 - 167 152 - 152
– for claims not reported (IBNR) 449 - 449 434 - 434
– for claims handling expenses 6 - 6 6 - 6
Provisions for bonuses and discounts for insureds 6 - 6 4 - 4
Other technical provisions 214 - 214 256 - 256
Unit-linked life insurance provision 5,578 - 5,578 5,176 - 5,176
Total technical provisions 47,329 (1,856) 45,473 45,839 (1,512) 44,327

41.3.1.  Technical provisions in non-life insurance

Technical provisions in non-life insurance
Provisions (by accounting classes prescribed by section II of the attachment to the Insurance Activity Act) 31 December 2019 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Accident and sickness insurance (group 1 and 2) 520 (28) 492 439 (10) 429
Motor third party liability insurance (group 10) 14,639 (416) 14,223 14,323 (380) 13,943
Other motor insurance (group 3) 3,058 (34) 3,024 2,968 (21) 2,947
Marine, aviation and transport insurance (groups 4, 5, 6, 7) 137 (66) 71 110 (42) 68
Insurance against fire and other property damage (groups 8 and 9) 2,721 (798) 1,923 2,489 (706) 1,783
TPL insurance (groups 11, 12, 13) 2,374 (193) 2,181 2,336 (162) 2,174
Credit and suretyship (groups 14, 15) 244 (102) 142 233 (89) 144
Assistance (group 18) 357 (1) 356 302 (1) 301
Legal protection (group 17) 15 - 15 14 - 14
Other (group 16) 392 (218) 174 294 (101) 193
Total technical provisions 24,457 (1,856) 22,601 23,508 (1,512) 21,996
 
Technical provisions in non-life insurance 31 December 2019 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Short-term 5,124 (501) 4,623 6,314 (374) 5,940
Non-current 19,333 (1,355) 17,978 17,194 (1,138) 16,056
Total technical provisions 24,457 (1,856) 22,601 23,508 (1,512) 21,996

Non-current provisions are provisions from which projected cash flows will occur after elapse of more than 12 months of the end of the reporting period, i.e. 31 December 2019.

Movement in provisions

Movement in provision for unearned premiums in non-life insurance 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 8,416 (594) 7,822 7,877 (466) 7,411
Increase (decrease) in provisions for policies concluded in the current year 6,991 (753) 6,238 7,759 (525) 7,234
Increase (decrease) in provisions for policies concluded in previous years (6,649) 494 (6,155) (7,246) 400 (6,846)
Foreign exchange differences in the period 7 (3) 4 26 (3) 23
Total technical provisions 8,765 (856) 7,909 8,416 (594) 7,822
Movement in provision for unexpired risk 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 10 - 10 37 (3) 34
Increase (decrease) in provisions for policies concluded in the current year 11 - 11 6 - 6
Increase (decrease) in provisions for policies concluded in previous years (7) - (7) (34) 3 (31)
Foreign exchange differences in the period - - - 1 - 1
Balance at the end of the period 14 - 14 10 - 10
Movement in provisions for outstanding claims and benefits in non-life insurance 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 9,098 (724) 8,374 8,301 (585) 7,716
Claims paid for losses in previous years, including: (3,170) 248 (2,922) (3,126) 238 (2,888)
– claims paid (2,745) 243 (2,502) (2,703) 234 (2,469)
– claims handling expenses (425) 5 (420) (423) 4 (419)
Increase (decrease) in provisions, of which: 3,734 (302) 3,432 3,904 (371) 3,533
– for losses in current year 3,831 (264) 3,567 3,765 (489) 3,276
– for losses in previous years (97) (38) (135) 139 118 257
Other changes - (1) (1) - (3) (3)
Foreign exchange differences in the period 14 (6) 8 19 (3) 16
Balance at the end of the period 9,676 (785) 8,891 9,098 (724) 8,374
Movement in provision for the capitalized value of annuities in non-life insurance 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 5,981 (194) 5,787 5,776 (190) 5,586
Claims paid for losses in previous years (309) 8 (301) (319) 7 (312)
Increase (decrease) in provisions for losses in previous years 66 (30) 36 250 (11) 239
Change in assumptions resulting from a change of technical rates (16) - (16) (16) 1 (15)
Increase in provisions for losses in current year 274 1 275 288 - 288
Other changes 3 - 3 2 (1) 1
Balance at the end of the period 5,999 (215) 5,784 5,981 (194) 5,787

41.3.2.  Technical provisions in life insurance

Movement in life insurance provisions, provisions for bonuses and discounts and other technical provisions – insurance contracts 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 16,464 16,464 16,352 16,352
Increase (decrease) in provisions for policies concluded in current year 392 392 350 350
Increase (decrease) in provisions for policies concluded in previous years (303) (303) (246) (246)
Foreign exchange differences 13 13 8 8
Balance at the end of the period 16,566 16,566 16,464 16,464
 
Movement in unit-linked life insurance provision 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 5,176 5,176 5,515 5,515
Increases in the fund due to premiums 1,183 1,183 1,045 1,045
Fees charged (102) (102) (104) (104)
Fund’s investment income 385 385 (182) (182)
Decreases in the fund on account of benefits, surrenders, etc. (1,024) (1,024) (1,054) (1,054)
Other changes (40) - (40) (44) - (44)
Balance at the end of the period 5,578 5,578 5,176 5,176
 
Movement in provisions for outstanding claims and benefits 1 January – 31 December 2019 1 January – 31 December 2018
  gross reinsurers’ share net gross reinsurers’ share net
Balance at the beginning of the period 592 592 597 597
Utilization of claims provisions during the year (592) (592) (598) (598)
Establishment of claims provisions during the year 622 622 593 593
Balance at the end of the period 622 622 592 592