Label: |
Policy revenue recognised as a deposit or as a change in policy liability: total non-life insurance premiums |
Concept Guidance: |
Report the deposit (investment) component of premiums received from general insurance policies.General insurance policies are all insurance business other than Life and Health insurance. Life insurance policies are contracts (policies) that will pay a specified sum to beneficiaries upon the death of the insured. Health insurance policies are contracts (policies) that will pay a specified sum to beneficiaries in relation to healthcare expenses of the insured.
|