Unexpired Risk Reserve – URR

Premiums is the main source of income for an insurance company. Insurers differentiate between written premiums and earned premiums. The former is the premiums that are contracted and usually paid for. The latter refers to the part that is earned in term of the risk exposure. Usually the premium is collected in advance by the insurer. If a client for instance pays for one year of reinsurance by 1 December…

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Unearned Premium Reserve – UPR

Premiums is the main source of income for an insurance company. Insurers differentiate between written premiums and earned premiums. The former is the premiums that are contracted and usually paid for. The latter refers to the part that is earned in term of the risk exposure. Usually the premium is collected in advance by the insurer. If a client for instance pays for one year of reinsurance by 1 December…

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IFRS Reserving – Concept and Models

Concept Insurance is about sharing risk. At the balance sheet of any insurance company the technical provisions is likely to be an important item. Both in terms of size and in terms of uncertainty. Increasing or decreasing IFRS technical provisions has a direct impact on the company‚Äôs result. There is plenty of research done on how to calculate technical provisions. There are both simple and practical approaches and complex scenarios…

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