| Label: |
Inwards reinsurance premium revenue |
| Concept Guidance: |
This is the value, as at the relevant date, for deposit elements for life investment and life insurance investment account business i.e. exclude any revenue components. Include the deposit component of premiums in respect of deferred or immediate annuities that are life investment business written as inwards reinsurance.
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| Form-Specifc Guidance: |
Report inwards reinsurance premiums received in relation to the acceptance of life insurance risk from another insurer or a reinsurer. This is the gross figure and should not be reported net of outwards reinsurance premiums.
Life insurance policies are contracts (policies) that will pay a specified sum to beneficiaries upon the death of the insured.
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