F.4. Reinsurance assets
| In CZK million, as at 31 December | Direct insurance | Accepted reinsurance | Total | |||
|---|---|---|---|---|---|---|
| 2016 | 2015 | 2016 | 2015 | 2016 | 2015 | |
| Non-life reinsurance assets | 8,705 | 8,851 | 271 | 236 | 8,976 | 9,087 |
| Provisions for unearned premiums | 1,902 | 1,857 | 4 | 1,906 | 1,857 | |
| Provisions for outstanding claims | 5,184 | 5,298 | 194 | 167 | 5,378 | 5,465 |
| IBNR | 1,564 | 1,638 | 73 | 69 | 1,637 | 1,707 |
| Other insurance liabilities | 55 | 58 | – | – | 55 | 58 |
| Life reinsurance assets | 720 | 702 | 1 | 1 | 721 | 703 |
| Provisions for unearned premiums | 58 | 61 | – | – | 58 | 61 |
| Provisions for outstanding claims | 229 | 202 | – | – | 229 | 202 |
| IBNR | 433 | 439 | 1 | 1 | 434 | 440 |
| Total | 9,425 | 9,553 | 272 | 237 | 9,697 | 9,790 |
| Current portion | 4,604 | 4,676 | 109 | 95 | 4,713 | 4,771 |
| Non-current portion | 4,821 | 4,877 | 163 | 142 | 4,984 | 5,019 |
The amounts included in reinsurance assets represent expected future claims to be recovered from the Company’s reinsurers and the reinsurers’ share of unearned premiums.
Ceded reinsurance arrangements do not relieve the Company of its direct obligations to policyholders. Thus, a credit exposure exists with respect to reinsurance ceded to the extent that any reinsurer is unable to meet the obligations assumed under the reinsurance agreements.