Definition
Financial assets of policyholders or beneficiaries of an insurance policy and liabilities of insurance companies, pension funds, or issuers of standardized guarantees.
Further information
This cathegory covers:
-Non-life insurance technical reserves: claims that non-life insurance policy holders have against non-life insurance corporations in respect of unearned premiums and claims incurred
-Life insurance and pension entitlements: claims that life insurance policy holders and pension beneficiaries have against corporations providing life insurance
-Provisions for calls under standardised guarantees: claims that holders of these guarantees have against the entity providing them
Contingent pension entitlements as liabilities of the general government or its subsectors are not covered and are not included as financial assets of the beneficiaries.
Insurance, pension, and standardized guarantee systems fall under category 6 of the financial instruments classification, according to the European System of Accounts 2010.
Classification of financial instruments (European System of Accounts 2010).
Related concepts
References
Update date: May 2025
