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KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
multiplying the number of reported damages in 2006
b) Changes of assumptions
by the average factor of damages reported later in
relation to all reported damages over the past three
years. The estimated value of IBNR damages equals
There were no changes of assumptions for
insurance contracts in 2007 according to 2006.
the average value of IBRN damages in the past year
or the average value of damages paid in the past year
c) Development of claims
if there were a relatively small number of damages.
The tables below show claims development for nonlife
insurance and extra accident insurance as part
of life insurance policies.
Non-life insurance (excl. optional health insurance) in thousand EUR for the 2007
Year in which
claims were
Cumulative claim payments in relation number of years passed between the reporting date and date of payment
incurred
0 1 2 3 4 5 6 7 8
1999 29,121 41,968 45,344 47,052 48,042 48,690 49,363 49,705 50,006
2000 30,890 45,437 48,806 50,788 51,569 52,024 52,538 52,897
2001 33,180 50,050 54,080 56,386 57,373 57,930 58,636
2002 33,403 51,210 54,992 57,189 57,811 58,524
2003 38,141 58,733 64,094 66,976 68,168
2004 47,218 69,325 73,273 75,673
2005 47,541 69,220 74,561
2006 46,268 73,223
2007 61,395
245
Non-life insurance (excl. optional health insurance) in thousand EUR for the 2006
Year in which
claims were
Cumulative claim payments in relation number of years passed between the reporting date and date of payment
incurred
0 1 2 3 4 5 6 7 8
1998 18,363 27,505 29,501 30,706 31,342 31,816 32,259 32,570 32,828
1999 22,867 33,893 36,923 38,454 39,419 40,061 40,621 40,959
2000 26,841 40,164 43,352 45,238 46,016 46,461 46,917
2001 30,494 46,527 50,392 52,578 53,491 54,039
2002 31,975 49,421 53,167 55,269 55,883
2003 37,558 57,878 62,955 65,513
2004 41,858 63,798 67,694
2005 44,941 66,107
2006 43,182