Annual Report 2015

F.21. Net insurance benefits and claims

Gross amountReinsurers' shareNet amount
(CZK million)20152014
re-presented
20152014
re-presented
20152014
re-presented
Non-life net insurance benefits and claims9,4909,145(4,381)(3,514)5,1095,631
Claims paid9,4629,631(4,054)(3,931)5,4085,700
Change in technical provisions28(486)(327)417(299)(69)
Change in the provisions for outstanding claims
4(502)(311)424(307)(78)
Change in other insurance provisions
2416(16)(7)89
Life net insurance benefits and claims6,2557,437(483)(442)5,7726,995
Claims paid12,49814,453(480)(449)12,01814,004
Change in technical provisions(6,243)(7,016)(3)7(6,246)(7,009)
Change in the provisions for outstanding claims
19(18)(9)510(13)
Change in the mathematical provisions
(6,753)(3,480)62(6,747)(3,478)
Change in the provisions for unit-linked policies
481(3,539)481(3,539)
Change in other insurance provisions
10211021
Total15,74516,582(4,864)(3,956)10,88112,626

XLS

Of which relates to the Transformed fund:

Gross amountReinsurers' shareNet amount
(CZK million)201520142015201420152014
Life net insurance benefits and claims116116
Change in technical provisions116116
of which: Change in other insurance provisions
116116
Total116116

XLS

Non-life insurance
The development of claims paid and claims provisions is overall stable during 2014 and 2015 taking into consideration that extraordinary calamity events did not appear during these years and last year influenced by occurrence of calamity events remain the year 2013.

Life insurance
Higher claims paid in the year 2014 and significant negative change in the unit-linked provisions (release of provisions) is a consequence of maturity of single unit-linked product Garance. The continued release of mathematical provisions is caused by on-going high maturities and continuing product mix aimed at unit-linked and risk products. Decrease in claims payments is caused by lower lapses and lower extra withdrawals (which were higher in 2014 because of change of the legislation regarding tax deductibility).