S.05.01 — Premiums, claims and expenses by line of business
Download PDFS.05.01 — Premiums, claims and expenses by line of business
General comments:
This section relates to the quarterly and annual submission of information for groups.
This template shall be reported from a consolidated accounting perspective, i.e.: Local GAAP or IFRS if accepted as local GAAP but using Solvency II lines of business. Groups shall use the recognition and valuation basis as for the published financial statements, no new recognition or re–valuation is required, unless otherwise stated in these instructions, except for the classification between investment contracts and insurance contracts or different reporting requirements when this is applicable in the financial statements. This template shall include all insurance business regardless of the possible different classification between investment contracts and insurance contracts applicable in the financial statements.
Written/earned premiums shall be reported as defined in Article 1(11) and (12) of Delegated Regulation (EU) 2015/35 regardless of whether a local GAAP or IFRS is used.
The template is based on a year–to–date basis.
This template covers only insurance and reinsurance business within the scope of the consolidated financial statements.
| ITEM | INSTRUCTIONS | ||
|---|---|---|---|
| Non–life insurance and reinsurance obligations | |||
| C0010 to C0120/R01 10 |
Premiums written — Gross — Direct Business |
Gross premiums written shall comprise all amounts due during the reporting period in respect of insurance contracts, arising from direct business, regardless of the fact that such amounts may relate in whole or in part to a later reporting period. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
|
| C0010 to C0120/R01 20 |
Premiums written — Gross — Proportional reinsurance accepted |
Gross premiums written shall comprise all amounts due during the reporting period in respect of insurance contracts, arising from proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later reporting period Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
|
| C0130 to C0160/R01 30 |
Premiums written — Gross — Non proportional reinsurance accepted |
Gross premiums written shall comprise all amounts due during the reporting period in respect of insurance contracts, arising from non–proportional reinsurance accepted business, regardless of the fact that such amounts may relate in whole or in part to a later reporting period. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
| C0010 to C0160/R01 40 |
Premiums written — Reinsurers’ share |
Gross premiums written shall comprise all amounts ceded to reinsurers during the reporting period in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later reporting period. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
|---|---|---|
| C0010 to C0160/R02 00 |
Premiums written — net |
The net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
| C0010 to C0120/R02 10 |
Premiums earned — Gross — Direct business |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to direct insurance business. Amount of taxes or charges levied with premiums shall be excluded from the written premiums earned. |
| C0010 to C0120/R02 20 |
Premiums earned — Gross — Proportional reinsurance accepted |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to proportional reinsurance accepted business. Amount of taxes or charges levied with premiums shall be excluded from the premiums earned. |
| C0130 to C0160/R02 30 |
Premiums earned — Gross — Non proportional reinsurance accepted |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to non–proportional reinsurance accepted business. Amount of taxes or charges levied with premiums shall be excluded from the written premiums earned. |
| C0010 to C0160/R02 40 |
Premiums earned — reinsurers’ share |
The sum of reinsurer’s share in gross premiums written minus the change in the reinsurer’s share in provision for unearned premiums. Amount of taxes or charges levied with premiums shall be excluded from the written premiums earned. |
| C0010 to C0160/R03 00 |
Premiums earned — Net |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
| C0010 to C0120/R03 10 |
Claims incurred Gross — Direct business |
Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims (according to the local |
| GAAP or IFRS used) during the reporting period related to insurance contracts arising from direct business. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
||
|---|---|---|
| C0010 to C0120/R03 20 |
Claims incurred Gross — Proportional reinsurance accepted |
Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims(according to the local GAAP or IFRS used) during the reporting period related to insurance contracts arising from the gross proportional reinsurance accepted. |
| This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
||
| C0130 to C0160/R03 30 |
Claims incurred — Gross — Non proportional reinsurance accepted |
Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims (according to the local GAAP or IFRS used) during the reporting period related to insurance contracts arising from the gross non proportional reinsurance accepted. |
| This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
||
| C0010 to C0160/R03 40 |
Claims incurred — Reinsurers’ share |
Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: it is the reinsurer’s share in the sum of the claims paid and the change in the provision for claims (according to the local GAAP or IFRS used) during the reporting period. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
| C0010 to C0160/R04 00 |
Claims incurred — Net |
Claims incurred in the reporting period as defined in directive 91/674/EEC where applicable: the claims incurred means the sum of the claims paid and the change in the provision for claims (according to the local GAAP or IFRS used) during the reporting period related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
| C0010 to C0160/R05 50 |
Expenses incurred | All technical expenses incurred by the group during the reporting period, on accrual basis. |
|---|---|---|
| C0010 to C0120/R06 10 |
Administrative expenses — Gross — direct business |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. The amount relates to the gross direct business. |
| C0010 to C0120/R06 20 |
Administrative expenses — Gross — Proportional reinsurance accepted |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. The amount relates to the gross proportional reinsurance accepted. |
| C0130 to C0160/R06 30 |
Administrative expenses — Gross — non proportional reinsurance accepted |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities |
| that cover more than one policy such as salaries of staff responsible for policy administration. The amount relates to the gross non proportional reinsurance accepted. |
||
|---|---|---|
| C0010 to C0160/R06 40 |
Administrative expenses — reinsurers’ share |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. |
| The amount relates to the reinsurer’s share. Reinsurers’ share shall by default be allocated by type of |
||
| expenses, if not possible shall be reported as acquisition expenses. |
||
| C0010 to C0160/R07 00 |
Administrative expenses — Net |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. The net administrative expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance |
| undertakings. | ||
| C0010 to C0160/R07 10 |
Investment management expenses — Gross — direct business |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of record keeping of the investments’ portfolio, salaries of staff responsible for |
| investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the gross direct business. |
||
|---|---|---|
| C0010 to C0120/R07 20 |
Investment management expenses — Gross — proportional reinsurance accepted |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the gross proportional reinsurance |
| accepted. | ||
| C0130 to C0160/R07 30 |
Investment management expenses — Gross — non proportional reinsurance accepted |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. |
| The amount relates to the gross non proportional reinsurance accepted. |
||
| C0010 to C0160/R07 40 |
Investment management expenses — reinsurers’ share |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. |
| The amount relates to the reinsurers’ share. | ||
| Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
| C0010 to C0160/R08 00 |
Investment management expenses — Net |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the net investment management |
|---|---|---|
| expenses. The net investment management expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
||
| C0010 to C0120/R08 10 |
Claims management expenses — Gross — direct business |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). |
| The amount relates to the gross direct business. | ||
| This shall include the movement in provisions in claims management expenses. |
||
| C0010 to C0120/R08 20 |
Claims management expenses — Gross — Proportional reinsurance accepted |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). |
| The amount relates to the gross proportional reinsurance accepted. |
||
| This shall include the movement in provisions in claims management expenses. |
||
| C0130 to C0160/R08 30 |
Claims management expenses — Gross — Non– |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be |
| proportional reinsurance accepted |
assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). The amount relates to the gross non proportional reinsurance accepted. This shall include the movement in provisions in claims management expenses. |
|
|---|---|---|
| C0010 to C0160/R08 40 |
Claims management expenses — Reinsurers’ share |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). The amount relates to the reinsurers’ share. This shall include the movement in provisions in claims management expenses. Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
| C0010 to C0160/R09 00 |
Claims management expenses — Net |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). The net claims management expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. This shall include the movement in provisions in claims management expenses. |
| C0010 to C0120/R09 10 |
Acquisition expenses — Gross — direct business |
Acquisition expenses include expenses, including renewal expenses, which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has |
| been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. The amount relates to the gross direct business. |
||
|---|---|---|
| C0010 to C0120/R09 20 |
Acquisition expenses — Gross — Proportional reinsurance accepted |
Acquisition expenses include expenses, including renewal expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. The amount relates to the gross proportional reinsurance accepted. |
| C0130 to C0160/R09 30 |
Acquisition expenses — Gross — Non proportional reinsurance accepted |
Acquisition expenses include expenses, including renewal expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. |
| The amount relates to the non–proportional reinsurance accepted. |
||
| C0010 to C0160/R09 40 |
Acquisition expenses — Reinsurers’ share |
Acquisition expenses include expenses, including renewal expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. |
| The amount relates to the reinsurers’ share. Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
| C0010 to C0160/R10 00 |
Acquisition expenses — Net |
Acquisition expenses include expenses, including renewal expenses, which can be identified at the level of individual insurance contract and have been incurred because the undertaking has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertakings, the definition shall be applied mutatis mutandis. The net acquisition expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
|---|---|---|
| C0010 to C0120/R10 10 |
Overhead expenses — Gross direct business |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The amount relates to the gross direct business. |
| C0010 to C0120/R10 20 |
Overhead expenses — Gross — Proportional reinsurance accepted |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The amount relates to the gross proportional reinsurance accepted. |
| C0130 to C0160/R10 30 |
Overhead expenses — Gross — Non proportional reinsurance accepted |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required |
| to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The amount relates to the gross — non proportional reinsurance accepted. |
||
|---|---|---|
| C0010 to C0160/R10 40 |
Overhead expenses — Reinsurers’ share |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). |
| The amount relates to the reinsurers’ share. Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
||
| C0010 to C0160/R11 00 |
Overhead expenses — Net |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, |
| advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). |
||
| The net overhead expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
||
| C0200/R01 10–R1100 |
Total | Total for different items for all Lines of Business. |
| C0200/R12 10 |
Balance - other technical expenses/ income |
Net technical expenses/income not covered by above mentioned expenses/income and reduced by the amount ceded to reinsurance undertakings. Other technical expenses/income shall not be split by lines of business. |
| Shall not include change in other technical provisions and non–technical expenses/income such as tax, interest expenses, losses on disposals, etc. |
Solvency II software
| The amount of net technical expenses/income shall be reported negative if the amount of technical income is larger than the amount of technical expenses. |
|||
|---|---|---|---|
| C0200/R13 00 |
Total expenses | Amount of all technical expenses | |
| Life insurance and reinsurance obligations | |||
| C0210 to C0280/R14 10 |
Premiums written — Gross |
Gross premiums written shall comprise all amounts due during the reporting period in respect of insurance contracts, arising from gross business, regardless of the fact that such amounts may relate in whole or in part to a later reporting period. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. It includes both direct and reinsurance business. |
|
| C0210 to C0280/R14 20 |
Premiums written — Reinsurers’ share |
Gross premiums written shall comprise all amounts ceded to reinsurers due during the reporting period in respect of insurance contracts regardless of the fact that such amounts may relate in whole or in part to a later reporting period. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
|
| C0210 to C0280/R15 00 |
Premiums written — net |
The net premiums written represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
|
| C0210 to C0280/R15 10 |
Premiums earned — Gross |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to direct insurance and reinsurance accepted business. Amount of taxes or charges levied with premiums should be excluded from the written premiums. |
|
| C0210 to C0280/R15 20 |
Premiums earned — reinsurers’ share |
The reinsurer’s share in gross premiums written minus the change in the reinsurer’s share in provision for unearned premiums. Amount of taxes or charges levied with premiums shall be excluded from the written premiums. |
|
| C0210 to C0280/R16 00 |
Premiums earned — Net |
The sum of gross premiums written minus the change in the gross provision for unearned premiums related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
| C0210 to C0280/R16 10 |
Claims incurred — Gross |
Claims incurred in the reporting period as defined in directive 91/674/EEC: the claims incurred means the sum of the claims paid and the change in the provision for claims during the reporting period (according to the local GAAP or IFRS used), related to insurance contracts arising from the direct and reinsurance business. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
|---|---|---|
| C0210 to C0280/R16 20 |
Claims incurred — Reinsurers’ share |
Claims incurred in the reporting period as defined in Directive 91/674/EEC: it is the reinsurer’s share in the sum of the claims paid and the change in the provision for claims during the reporting period. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
| C0210 to C0280/R17 00 |
Claims incurred — Net |
Claims incurred in the reporting period as defined in Directive 91/674/EEC: the claims incurred means the sum of the claims paid and the change in the provision for claims during the reporting period (according to the local GAAP or IFRS used), related to the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. This shall exclude claims management expenses and the movement in provisions in claims management expenses. |
| C0210 to C0280/R19 00 |
Expenses incurred | All technical expenses incurred by the group during the reporting period, on accrual basis. |
| C0210 to C0280/R19 10 |
Administrative expenses — Gross |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. |
| The amount relates to the gross direct and reinsurance business. |
||
|---|---|---|
| C0210 to C0280/R19 20 |
Administrative expenses — reinsurers’ share |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. The amount relates to the reinsurer’s share. Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
| C0210 to C0280/R20 00 |
Administrative expenses — Net |
Administrative expenses incurred by the group during the reporting period, on accrual basis are expenses which are connected with policy administration including expenses in respect of reinsurance contracts and special purpose vehicles. Some administrative expenses relate directly to activity regarding a specific insurance contract (e.g. maintenance cost) such as cost of premium billing, cost of sending regular information to policyholders and cost of handling policy changes (e.g. conversions and reinstatements). Other administrative expenses relate directly to insurance activity but are a result of activities that cover more than one policy such as salaries of staff responsible for policy administration. The amount relates to the net administrative expenses. The net administrative expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance |
| C0210 to C0280/R20 10 |
Investment management expenses — Gross |
undertakings. Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses |
| connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the gross direct and reinsurance business. |
||
|---|---|---|
| C0210 to C0280/R20 20 |
Investment management expenses — reinsurers’ share |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the reinsurers’ share. |
| Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
||
| C0210 to C0280/R21 00 |
Investment management expenses — Net |
Investment management expenses are usually not allocated on a policy-by-policy basis but at the level of a portfolio of insurance contracts. Investment management expenses could include expenses of recordkeeping of the investments’ portfolio, salaries of staff responsible for investment, remunerations of external advisers, expenses connected with investment trading activity (i.e. buying and selling of the portfolio securities) and in some cases also remuneration for custodial services. The amount relates to the net investment management expenses. The net investment management expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
| C0210 to C0280/R21 10 |
Claims management expenses — Gross |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). |
| The amount relates to the gross direct and reinsurance business. This shall include the movement in provisions in claims management expenses. |
||
|---|---|---|
| C0210 to C0280/R21 20 |
Claims management expenses — Reinsurers’ share |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). The amount relates to the reinsurers’ share. |
| This shall include the movement in provisions in claims management expenses. Reinsurers’ share shall by default be allocated by type of |
||
| expenses, if not possible shall be reported as acquisition expenses. |
||
| C0210 to C0280/R22 00 |
Claims management expenses — Net |
Claims management expenses are expenses that will be incurred in processing and resolving claims, including legal and adjuster’s fees and internal costs of processing claims payments. Some of these expenses could be assignable to individual claim (e.g. legal and adjuster’s fees), others are a result of activities that cover more than one claim (e.g. salaries of staff of claims handling department). |
| The net claims management expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. This shall include the movement in provisions in claims management expenses. |
||
| C0210 to C0280/R22 10 |
Acquisition expenses — Gross |
Acquisition expenses include expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. |
| The amount relates to the gross direct and reinsurance business. |
||
|---|---|---|
| C0210 to C0280/R22 20 |
Acquisition expenses — Reinsurers’ share |
Acquisition expenses include expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. |
| The amount relates to the reinsurers’ share. | ||
| Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
||
| C0210 to C0280/R23 00 |
Acquisition expenses — Net |
Acquisition expenses include expenses which can be identified at the level of individual insurance contract and have been incurred because the group has issued that particular contract. These are commission costs, costs of selling, underwriting and initiating an insurance contract that has been issued. It includes movements in deferred acquisition costs. For reinsurance undertaking definition shall be applied mutatis mutandis. The net acquisition expenses represent the sum of the |
| direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
||
| C0210 to C0280/R23 10 |
Overhead expenses — Gross |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The amount relates to the gross direct and reinsurance |
| business. | ||
| C0210 to C0280/R23 20 |
Overhead expenses — Reinsurers’ share |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, |
| advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The amount relates to the reinsurers’ share. Reinsurers’ share shall by default be allocated by type of expenses, if not possible shall be reported as acquisition expenses. |
||
|---|---|---|
| C0210 to C0280/R24 00 |
Overhead expenses — Net |
Overhead expenses include salaries to general managers, auditing costs and regular day–to–day costs i.e. electricity bill, rent for accommodations, IT costs. These overhead expenses also include expenses related to the development of new insurance and reinsurance business, advertising insurance products, improvement of the internal processes such as investment in system required to support insurance and reinsurance business (e.g. buying new IT system and developing new software). The net overhead expenses represent the sum of the direct business and the accepted reinsurance business reduced by the amount ceded to reinsurance undertakings. |
| C0300/R14 10–R2400 |
Total | Total for different items for all life lines of business. |
| C0300/R25 10 |
Balance – other technical expenses/income |
Net technical expenses/income not covered by above mentioned expenses/income and reduced by the amount ceded to reinsurance undertakings. Other technical expenses/income shall not be split by lines of business. Shall not include change in other technical provisions and non–technical expenses/income such as tax, interest expenses, losses on disposals, etc. The amount of net technical expenses/income shall be |
| reported negative if the amount of technical income is larger than the amount of technical expenses. |
||
| C0300/R26 00 |
Total expenses | Amount of all technical expenses. |
| C0210 to C0280/R27 00 |
Total amount of surrenders |
This amount represents the total amount of surrenders occurred during the year. This amount is also reported under claims incurred (item |
| R1610). |