38.3 Quantitative data
Reference Areas:
Health
Investments
Banking
Best Pratices in PZU
| Technical provisions | 31 December 2017 | 31 December 2016 | ||||
| gross | reinsurers’ share | net | gross | reinsurers’ share | net | |
| Technical provisions in non-life insurance | 22,000 | (1,250) | 20,750 | 20,388 | (990) | 19,398 |
| Provision for unearned premiums | 7,877 | (466) | 7,411 | 6,957 | (377) | 6,580 |
| Provision for unexpired risk | 37 | (3) | 34 | 26 | - | 26 |
| Provisions for outstanding claims and benefits | 8,301 | (585) | 7,716 | 7,730 | (421) | 7,309 |
| - for reported claims | 3,187 | (533) | 2,654 | 2,992 | (371) | 2,621 |
| - for claims not reported (IBNR) | 3,348 | (41) | 3,307 | 2,979 | (29) | 2,950 |
| - for claims handling expenses | 1,766 | (11) | 1,755 | 1,759 | (21) | 1,738 |
| Provision for the capitalized value of annuities | 5,776 | (190) | 5,586 | 5,673 | (192) | 5,481 |
| Provisions for bonuses and discounts for insureds | 9 | (6) | 3 | 2 | - | 2 |
| Technical provisions in life insurance | 22,558 | - | 22,558 | 21,806 | - | 21,806 |
| Provision for unearned premiums | 94 | - | 94 | 93 | - | 93 |
| Life insurance provision | 16,060 | - | 16,060 | 15,928 | - | 15,928 |
| Provisions for outstanding claims and benefits | 597 | - | 597 | 542 | - | 542 |
| - for reported claims | 153 | - | 153 | 156 | - | 156 |
| - for claims not reported (IBNR) | 437 | - | 437 | 380 | - | 380 |
| - for claims handling expenses | 7 | - | 7 | 6 | - | 6 |
| Provisions for bonuses and discounts for insureds | 5 | - | 5 | 3 | - | 3 |
| Other technical provisions | 287 | - | 287 | 323 | - | 323 |
| Unit-linked provision | 5,515 | - | 5,515 | 4,917 | - | 4,917 |
| Total technical provisions | 44,558 | (1,250) | 43,308 | 42,194 | (990) | 41,204 |
The above table also contains the amounts of life insurance provisions recognized for the legacy portfolio, in the following amounts:
| Technical provisions for the legacy portfolio | 31 December 2017 | 31 December 2016 |
| Life insurance provisions | 401 | 419 |
| Other technical provisions | 121 | 134 |
| - low interest rate provision | 47 | 90 |
| - litigation reserve | 74 | 44 |
| IBNR and RBNP reserve | 2 | 2 |
| Total provisions for the legacy portfolio | 524 | 555 |
