04-05-2012 Adjustment of verification lines for non-life insurers

In the annual statements for non-life insurers, three verification lines relating to the adjustment of the provision for outstanding claims have been set from blocking to warning. This adjustment has been made as exceptions to these lines are possible for health insurers. For other insurers, this reconciliation should still be made and the warning verification line should be resolved. After receiving the reports, we check whether the reconciliation has been made. If it has not, we will impose resubmission of the report. 

It concerns the three lines stated below, in which the changes on the profit & loss account and on the balance sheet are compared. Lines CVSJ015S_006 and CVSJ015S_007 apply to non-life insurers using valuation base BW2.9. Line CVSJ015S_008 is applicable for IFRS accounting principles. 

1. CVSJ015S_006 Change of technical provisions for gross damage is unequal to the change on the company balance sheet (check between profit & loss account line 4.2.1 and balance sheet line 18.2.1)

2. CVSJ015S_006 Change of technical provisions for gross damage reinsurance is unequal to the change on the company balance sheet (check between P&L Account line 4.2.2 and balance sheet line 18.2.2)

3. CVSJ015S_006 Change of technical provisions for damage is unequal to the change on the company balance sheet (check between P&L Account line 4.3.1 and balance sheet line 21.5)