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IFRS Disclosure Guide

52. Notes - Insurance contracts

Disclosure of insurance contracts

 Year 201731.12.2017
Disclosure of amounts arising from insurance contracts  
Assets arising from insurance contracts  
Assets under insurance contracts and reinsurance contracts issued  
Intangible assets relating to insurance contracts acquired in business combinations or portfolio transfers  
Deferred acquisition costs arising from insurance contracts  
Assets under reinsurance ceded  
Liabilities under insurance contracts and reinsurance contracts issued  
Unearned premiums  
Claims reported by policyholders  
Claims incurred but not reported  
Provisions arising from liability adequacy tests  
Provisions for future non-participating benefits  
Liabilities or components of equity relating to discretionary participation features  
Receivables and payables related to insurance contracts  
Non-insurance assets acquired by exercising rights to recoveries  
Other liabilities under insurance contracts and reinsurance contracts issued  
Total liabilities under insurance contracts and reinsurance contracts issued{"UnearnedPremiums":"1","ClaimsReportedByPolicyholders":"1","ClaimsIncurredButNotReported":"1","ProvisionsArisingFromLiabilityAdequacyTests":"1","ProvisionsForFutureNonparticipatingBenefits":"1","LiabilitiesOrComponentsOfEquityRelatingToDiscretionaryParticipationFeatures":"1","ReceivablesAndPayablesRelatedToInsuranceContracts":"1","NoninsuranceAssetsAcquiredByExercisingRightsToRecoveries":"1","OtherLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1"}real[]  
Income arising from insurance contracts  
Expense arising from insurance contracts  
Revenue from insurance contracts issued, without reduction for reinsurance held  
Income from contracts with reinsurers  
Expense for policyholder claims and benefits, without reduction for reinsurance held  
Expenses arising from reinsurance held  
Cash flows from (used in) insurance contracts  
Gains (losses) recognised in profit or loss on buying reinsurance  
Amortisation of losses (gains) arising on buying reinsurance  
Remaining unamortised gains (losses) arising on buying reinsurance  
Reconciliation of changes in liabilities under insurance contracts and reinsurance contracts issued  
Changes in liabilities under insurance contracts and reinsurance contracts issued  
Additions other than through business combinations, liabilities under insurance contracts and reinsurance contracts issued  
Acquisitions through business combinations, liabilities under insurance contracts and reinsurance contracts issued  
Cash paid, liabilities under insurance contracts and reinsurance contracts issued  
Expense (income) included in profit or loss, liabilities under insurance contracts and reinsurance contracts issued  
Increase (decrease) through transfers, liabilities under insurance contracts and reinsurance contracts issued  
Increase (decrease) through net exchange differences, liabilities under insurance contracts and reinsurance contracts issued  
Increase (decrease) through adjustments arising from passage of time, liabilities under insurance contracts and reinsurance contracts issued  
Increase (decrease) through other changes, liabilities under insurance contracts and reinsurance contracts issued  
Total increase (decrease) in liabilities under insurance contracts and reinsurance contracts issued{"AdditionsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","AcquisitionsThroughBusinessCombinationsLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","CashPaidLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"-1","ExpenseIncomeIncludedInProfitOrLossLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","IncreaseDecreaseThroughTransfersLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","IncreaseDecreaseThroughNetExchangeDifferencesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1","IncreaseDecreaseThroughOtherChangesLiabilitiesUnderInsuranceContractsAndReinsuranceContractsIssued":"1"}real[]  
Liabilities under insurance contracts and reinsurance contracts issued  
Reconciliation of changes in deferred acquisition costs arising from insurance contracts  
Changes in deferred acquisition costs arising from insurance contracts  
Amounts incurred, deferred acquisition costs arising from insurance contracts  
Acquisitions through business combinations, deferred acquisition costs arising from insurance contracts  
Amortisation, deferred acquisition costs arising from insurance contracts  
Impairment loss recognised in profit or loss, deferred acquisition costs arising from insurance contracts  
Increase (decrease) through net exchange differences, deferred acquisition costs arising from insurance contracts  
Increase (decrease) through shadow accounting, deferred acquisition costs arising from insurance contracts  
Increase (decrease) through other changes, deferred acquisition costs arising from insurance contracts  
Total increase (decrease) in deferred acquisition costs arising from insurance contracts{"AmountsIncurredDeferredAcquisitionCostsArisingFromInsuranceContracts":"1","AcquisitionsThroughBusinessCombinationsDeferredAcquisitionCostsArisingFromInsuranceContracts":"1","AmortisationDeferredAcquisitionCostsArisingFromInsuranceContracts":"-1","ImpairmentLossRecognisedInProfitOrLossDeferredAcquisitionCostsArisingFromInsuranceContracts":"-1","IncreaseDecreaseThroughNetExchangeDifferencesDeferredAcquisitionCostsArisingFromInsuranceContracts":"1","IncreaseDecreaseThroughShadowAccountingDeferredAcquisitionCostsArisingFromInsuranceContracts":"1","IncreaseDecreaseThroughOtherChangesDeferredAcquisitionCostsArisingFromInsuranceContracts":"1"}real[]  
Deferred acquisition costs arising from insurance contracts  
Reconciliation of changes in reinsurance assets  
Changes in reinsurance assets  
Additions other than through business combinations, reinsurance assets  
Acquisitions through business combinations, reinsurance assets  
Increase (decrease) through net exchange differences, reinsurance assets  
Increase (decrease) through adjustments arising from passage of time, reinsurance assets  
Increase (decrease) through other changes, reinsurance assets  
Total increase (decrease) in reinsurance assets{"AdditionsOtherThanThroughBusinessCombinationsReinsuranceAssets":"1","AcquisitionsThroughBusinessCombinationsReinsuranceAssets":"1","IncreaseDecreaseThroughNetExchangeDifferencesReinsuranceAssets":"1","IncreaseDecreaseThroughAdjustmentsArisingFromPassageOfTimeReinsuranceAssets":"1","IncreaseDecreaseThroughOtherChangesReinsuranceAssets":"1"}real[]  
Reinsurance assets  
Disclosure of amounts arising from insurance contracts
Description of accounting policy for insurance contracts and related assets, liabilities, income and expense
Explanation of process used to determine assumptions to measure recognised assets, liabilities, income and expense arising from insurance contracts
Explanation of effect of changes in assumptions to measure insurance assets and insurance liabilities
Disclosure of nature and extent of risks arising from insurance contracts
Description of objectives, policies and processes for managing risks arising from insurance contracts and methods used to manage those risks
Disclosure of insurance risk
Disclosure of sensitivity to insurance risk
Sensitivity analysis to insurance risk
Qualitative information about sensitivity and information about those terms and conditions of insurance contracts that have material effect
Description of concentrations of insurance risk
Disclosure of actual claims compared with previous estimates
Disclosure of credit risk of insurance contracts
Disclosure of liquidity risk of insurance contracts
Disclosure of market risk of insurance contracts
Information about exposures to market risk arising from embedded derivatives contained in host insurance contract

Disclosure of types of insurance contracts
 
Types of insurance contractsnone
Life insurance contractsnoneNon-life insurance contractsnone
For the year 2017: 
Income arising from insurance contracts  
Expense arising from insurance contracts  

Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts
 
Amounts arising from insurance contractsnone
Gross amount arising from insurance contractsnoneReinsurer's share of amount arising from insurance contractsnone
For the year 2017: 
Income arising from insurance contracts  
Expense arising from insurance contracts  
 Year 201731.12.2017
Presentation of overlay approach  
Amount reclassified from profit or loss to other comprehensive income applying overlay approach  
Other comprehensive income, net of tax, application of overlay approach  
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, net of tax  
Reclassification adjustments on application of overlay approach, net of tax  
Other comprehensive income, net of tax, application of overlay approach{"AmountReclassifiedToOtherComprehensiveIncomeFromProfitOrLossApplyingOverlayApproachNetOfTax":"1","ReclassificationAdjustmentsOnApplicationOfOverlayApproachNetOfTax":"-1"}real[]  
Other comprehensive income, before tax, application of overlay approach  
Amount reclassified to other comprehensive income from profit or loss applying overlay approach, before tax  
Reclassification adjustments on application of overlay approach, before tax  
Other comprehensive income, before tax, application of overlay approach{"AmountReclassifiedToOtherComprehensiveIncomeFromProfitOrLossApplyingOverlayApproachBeforeTax":"1","ReclassificationAdjustmentsOnApplicationOfOverlayApproachBeforeTax":"-1"}real[]  
Income tax relating to application of overlay approach in other comprehensive income  
Reserve of overlay approach  
Reserve of overlay approachother 

Disclosures about overlay approach

 Year 2017
Explanation of amount reclassified between profit or loss and other comprehensive income applying overlay approach 
Amount reported in profit or loss applying IFRS 9, financial assets to which overlay approach is applied 
Amount that would have been reported in profit or loss if IAS 39 had been applied, financial assets to which overlay approach is applied 
Amount reclassified from profit or loss to other comprehensive income applying overlay approach, newly designated financial assets 
Amount that would have been reclassified from profit or loss to other comprehensive income applying overlay approach if financial assets had not been de-designated 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, net of tax 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, before tax 
Statement that insurer is applying overlay approach
Description of basis for designating financial assets for overlay approach
Explanation of designated financial assets that are held outside legal entity that issues contracts within scope of IFRS 4

Disclosure of financial assets to which overlay approach is applied
 
Classes of financial assetsnone
At 31.12.2017: 
Financial assets to which overlay approach is applied 

Disclosure of effect of overlay approach reclassification on profit or loss
 
Effect of overlay approach reclassificationnone
Effect of overlay approach reclassificationnone
For the year 2017: 
Profit (loss) 

Disclosure of information about overlay approach for associates
 
Associatesnone
AssociatesnoneEntity's total for associates{"AggregatedIndividuallyImmaterialAssociatesMember":1}total_for[]
<Aggregated individually immaterial associates>total_for
For the year 2017: 
Explanation of amount reclassified between profit or loss and other comprehensive income applying overlay approach 
Amount reported in profit or loss applying IFRS 9, financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_1t 
Amount that would have been reported in profit or loss if IAS 39 had been applied, financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_1t 
Amount reclassified from profit or loss to other comprehensive income applying overlay approach, newly designated financial assets EntitysTotalForAssociatesMember_1t 
Amount that would have been reclassified from profit or loss to other comprehensive income applying overlay approach if financial assets had not been de-designated EntitysTotalForAssociatesMember_1t 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, net of tax EntitysTotalForAssociatesMember_1t 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, before tax EntitysTotalForAssociatesMember_1t 
Share of amount reported in profit or loss applying IFRS 9, financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_1t 
Share of amount that would have been reported in profit or loss if IAS 39 had been applied, financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_1t 
Share of amount reclassified from profit or loss to other comprehensive income applying overlay approach, newly designated financial assets EntitysTotalForAssociatesMember_1t 
Share of amount that would have been reclassified from profit or loss to other comprehensive income applying overlay approach if financial assets had not been de-designated EntitysTotalForAssociatesMember_1t 
Share of reclassification adjustments on financial assets that have been de-designated from overlay approach, net of tax EntitysTotalForAssociatesMember_1t 
Share of reclassification adjustments on financial assets that have been de-designated from overlay approach, before tax EntitysTotalForAssociatesMember_1t 

Associates:
  • Statement that insurer is applying overlay approach
  • Description of basis for designating financial assets for overlay approach
    • Explanation of designated financial assets that are held outside legal entity that issues contracts within scope of IFRS 4


Disclosure of financial assets to which overlay approach is applied for associates
 
AssociatesnoneClasses of financial assetsnone
AssociatesnoneEntity's total for associates{"AggregatedIndividuallyImmaterialAssociatesMember":1}total_for[]
<Aggregated individually immaterial associates>total_for
At 31.12.2017: 
Financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_2t  
Share of financial assets to which overlay approach is applied EntitysTotalForAssociatesMember_2t  

Disclosure of effect of overlay approach reclassification on profit or loss for associates
 
AssociatesnoneEffect of overlay approach reclassificationnone
AssociatesnoneEntity's total for associates{"AggregatedIndividuallyImmaterialAssociatesMember":1}total_for[]Effect of overlay approach reclassificationnone
<Aggregated individually immaterial associates>total_for
For the year 2017: 
Profit (loss) EntitysTotalForAssociatesMember_3t  
Share of profit (loss) of associates and joint ventures accounted for using equity method EntitysTotalForAssociatesMember_3t  
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax EntitysTotalForAssociatesMember_3t  
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax EntitysTotalForAssociatesMember_3t  

Disclosure of information about overlay approach for joint ventures
 
Joint venturesnone
Joint venturesnoneEntity's total for joint ventures{"AggregatedIndividuallyImmaterialJointVenturesMember":1}total_for[]
<Aggregated individually immaterial joint ventures>total_for
For the year 2017: 
Explanation of amount reclassified between profit or loss and other comprehensive income applying overlay approach 
Amount reported in profit or loss applying IFRS 9, financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_1t 
Amount that would have been reported in profit or loss if IAS 39 had been applied, financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_1t 
Amount reclassified from profit or loss to other comprehensive income applying overlay approach, newly designated financial assets EntitysTotalForJointVenturesMember_1t 
Amount that would have been reclassified from profit or loss to other comprehensive income applying overlay approach if financial assets had not been de-designated EntitysTotalForJointVenturesMember_1t 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, net of tax EntitysTotalForJointVenturesMember_1t 
Reclassification adjustments on financial assets that have been de-designated from overlay approach, before tax EntitysTotalForJointVenturesMember_1t 
Share of amount reported in profit or loss applying IFRS 9, financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_1t 
Share of amount that would have been reported in profit or loss if IAS 39 had been applied, financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_1t 
Share of amount reclassified from profit or loss to other comprehensive income applying overlay approach, newly designated financial assets EntitysTotalForJointVenturesMember_1t 
Share of amount that would have been reclassified from profit or loss to other comprehensive income applying overlay approach if financial assets had not been de-designated EntitysTotalForJointVenturesMember_1t 
Share of reclassification adjustments on financial assets that have been de-designated from overlay approach, net of tax EntitysTotalForJointVenturesMember_1t 
Share of reclassification adjustments on financial assets that have been de-designated from overlay approach, before tax EntitysTotalForJointVenturesMember_1t 

Joint ventures:
  • Statement that insurer is applying overlay approach
  • Description of basis for designating financial assets for overlay approach
    • Explanation of designated financial assets that are held outside legal entity that issues contracts within scope of IFRS 4


Disclosure of financial assets to which overlay approach is applied for joint ventures
 
Joint venturesnoneClasses of financial assetsnone
Joint venturesnoneEntity's total for joint ventures{"AggregatedIndividuallyImmaterialJointVenturesMember":1}total_for[]
<Aggregated individually immaterial joint ventures>total_for
At 31.12.2017: 
Financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_2t  
Share of financial assets to which overlay approach is applied EntitysTotalForJointVenturesMember_2t  

Disclosure of effect of overlay approach reclassification on profit or loss for joint ventures
 
Joint venturesnoneEffect of overlay approach reclassificationnone
Joint venturesnoneEntity's total for joint ventures{"AggregatedIndividuallyImmaterialJointVenturesMember":1}total_for[]Effect of overlay approach reclassificationnone
<Aggregated individually immaterial joint ventures>total_for
For the year 2017: 
Profit (loss) EntitysTotalForJointVenturesMember_3t  
Share of profit (loss) of associates and joint ventures accounted for using equity method EntitysTotalForJointVenturesMember_3t  
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax EntitysTotalForJointVenturesMember_3t  
Share of other comprehensive income of associates and joint ventures accounted for using equity method, before tax EntitysTotalForJointVenturesMember_3t  

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