Annual Report 2016

F.21. Net insurance benefits and claims

Gross amountReinsurers' shareNet amount
(CZK million)201620152016201520162015
Non-life net insurance benefits and claims9,3189,490(3,801)(4,381)5,5175,109
Claims paid9,8019,462(3,960)(4,054)5,8415,408
Change in technical provisions(483)28159(327)(324)(299)
Change in the provisions for outstanding claims
(556)4156(311)(400)(307)
Change in other insurance provisions
73243(16)768
Life net insurance benefits and claims5,9756,255(489)(483)5,4865,772
Claims paid8,66112,498(467)(480)8,19412,018
Change in technical provisions(2,686)(6,243)(22)(3)(2,708)(6,246)
Change in the provisions for outstanding claims
7419(25)(9)4910
Change in the mathematical provisionsand provision for unearned premium
(2,980)(6,753)36(2,977)(6,747)
Change in the provisions for unit-linked policies
197481197481
Change in other insurance provisions
23102310
Total15,29315,745(4,290)(4,864)11,00310,881

XLS

Of which relates to the Transformed fund:

Gross amountReinsurers' shareNet amount
(CZK million)201620152016201520162015
Life net insurance benefits and claims5151
Change in technical provisions5151
Of which: Change in other insurance provisions5151
Total5151

XLS

Non-life insurance
The development of claims paid and claims provisions is relatively stable during 2015 and 2016 taking into consideration that extraordinary calamity events did not occur during these years. In 2016, there were some major claims caused by natural perils (mainly hail) especially in the first half of the year and that is why they influenced mostly Claims paid and do not influence significantly the year-end balance of claims provisions.

Life insurance
The continued release of mathematical provisions is caused by ongoing maturities and continuing product mix aimed at unit-linked and risk products. The decrease in Claims payments is caused by lower lapses and lower extra withdrawals.