Notes to OP Financial Group Financial Statements

RISK EXPOSURE OF NON-LIFE INSURANCE

 

Note 100. Information on the nature of insurance liabilities


Information on the nature of liabilities 2014 2013
Net insurance contract liabilities (EUR million)

Latent occupational diseases 22 26
Other 2,622 2,491
Total (before transfers) 2,645 2,517



Duration of debt (years)

Discounted insurance contract liabilities 12.7 12.6
Undiscounted insurance contract liabilities 2.1 2.1
Total 8.7 8.7



Discounted net debt (EUR million)


Provision for known unpaid claims for annuities 1,308 1,252

Collective liability (IBNR) 313 275

Provision for unearned premiums 38 37
Total 1,658 1,564