Notes to OP Financial Group Financial Statements

RISK EXPOSURE OF NON-LIFE INSURANCE

 

Note 97. Premiums written and sums insured by class

 

Premiums written by EML* class in corporate property insurance

The degree of risk in property insurance can be evaluated by dividing risks into classes by their EML* amounts. The table below shows premiums written calculated for each risk class.

 

EUR million 5–20 20–50 50–100 100–300
2014 14 14 11 11
2013 13 14 14 9
                               

* EML = Estimated Maximum Loss per object of insurance


Division of premiums written by TSI* class in corporate liability insurance

The degree of risk in liability insurance can be evaluated by dividing risks into classes by their TSI* amounts. The table below shows premiums written calculated for each risk class.

 

EUR million





2–4 4–10 10–30 30–90
2014                   3 6 7 3
2013                   3 6 8 3
                               

* TSI = Total Sum Insured

 

Sums insured in decennial insurance

The sum insured of insurance contracts depicts the volume of decennial insurance (construction defects insurance). The gross and net amounts of the sum insured are itemised in the table below. The liability period of decennial insurance is 10 years.

 

  Gross Net*
EUR million 2014 2013 2014 2013
Decennial insurance 2249 2287 2249 2282

* For insurance company's own account after reinsurers' share but before counter guarantee