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In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
GRIs
In the Chapter
Operating model
Climate
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
Market
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Employee
Risk and ethics
Business
In the Chapter
Operating model
Climate
Employee
CSR
Risk and ethics
41.3. Quantitative data
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 |