Definition: Gross balance of the techncial account (sub-total I)
Structural business statistics
Gross balance of the technical account of the profit and loss account.
Link to other variables:
Sub-total I is calculated as follows for non-life insurance business:
Gross premiums earned [12 11 0 + 32 11 2 (+/-)]
+ Allocated investment return transferred from the non-technical account (32 12 0)
- Gross claims incurred [32 13 1 + 32 13 4 (+/-)]
- Gross operating expenses (32 14 0)
+ Change in equalisation provision (32 15 0) (+/-)
+ Other items in the technical account, gross amount (32 16 0) (+/-).
Sub-total I is calculated as follows for life insurance business:
Gross premiums earned [12 11 0 + 32 11 2 (+/-)]
+ Investment income (32 22 0)
+ Unrealised gains on investments (32 23 0)
- Gross claims incurred [32 13 1 + 32 13 4 (+/-)]
+ Gross change in life insurance provision (32 25 0) (+/-)
- Gross operating expenses (32 14 0)
- Investment charges (32 27 0)
- Unrealized losses on investments (32 28 0)
- Allocated investment return transferred to the non-technical account (32 29 0)
+ Other items in the technical account, gross amount (32 16 0) (+/-).
The Sub-total I (= gross balance of the technical account) is used in the calculation of the Sub-total II (= net balance of the technical account) (32 19 0).
Source:
Definition of SBS Regulation variables (32 17 0)
Created:
Updated: