EXAMPLE PAGE - ANNUAL REPORT - THE SWEDISH CLUB - Flipbook - Sida 71
NOTES - FINANCIAL STATEMENTS
Note 18.
Technical provisions
2021
2020
Gross
Reinsurers’
share
Net
Gross
Reinsurers’
share
Net
250,176
-66,597
183,579
210,049
-50,426
159,623
28,929
-1,200
27,729
27,992
-1,200
26,792
Opening balance
279,105
-67,797
211,308
238,041
-51,626
186,415
Claims occurred during
the current year
205,778
-49,344
156,434
133,919
-19,603
114,317
Claims paid current year
-115,979
5,188
-110,791
-120,092
18,017
-102,075
-26,858
15,150
-11,708
27,237
-14,586
12,651
Closing balance
342,046
-96,803
245,243
279,105
-67,797
211,308
Closing balance, reported claims
312,156
-96,553
215,603
250,176
-66,597
183,578
29,890
-250
29,640
28,929
-1,200
27,729
Opening balance
43,758
-3,777
39,981
38,727
-3,554
35,173
Insurance contracts
signed during the period
51,166
-4,557
46,609
43,758
-3,777
39,981
Premiums earned during the period
-43,758
3,777
-39,981
-38,727
3,554
-35,173
Closing balance
51,166
-4,557
46,609
43,758
-3,777
39,981
Provision for claims outstanding
Opening balance, provision
for reported claims
Opening balance, provision
for incurred not reported (IBNR)
Change in expected cost for claims
occurred previous years (run-off result)
Closing balance, provision for
incurred not reported (IBNR)
Provision for unearned premiums
The provision is treated as USD. No exchange differences therefore arise. Provision for claims handling included in provision for
claims outstanding amounts to USD 8,107 (8,107) thousands. The provision for incurred and reported claims is reported including
incoming reinsurance amounting to USD 301 (352) thousands.
THE SWEDISH CLUB ANNUAL REPORT 2021
71