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KD Holding Group
Notes to Consolidated Financial Statements as at and for the year ended 31 December 2007
Effect on the Group’s net profit before tax for 2007
(in EUR)
Life insurance
policies with
DPF
Life insurances
with
investment
risk
Property insurance
excluding
health insurance
policies
Health insurance
policies
Financial
contracts
with DPF
Factor
Costs +5% (177,013) (161,000) (2,130,000) (786,000) (16,000) (3,270,013)
Costs -5% 177,013 161,000 2,130,000 786,000 16,000 3,270,013
Technical interest rate +1% 7,051,662 - - - 1,301,000 8,352,662
Technical interest rate -1% (8,908,662) - - - (1,651,000) (10,559,662)
Mortality +5% (231,050) - - - - (231,050)
Mortality in annuity insurance -5% (187,477) - - - - (187,477)
Claims ratio +5% (393,064) (385,000) (6,706,000) (4,427,000) (74,000) (11,985,064)
Claims ratio -5% 393,064 385,000 6,706,000 4,427,000 74,000 11,985,064
Total
Effect on the Group’s net profit before tax for 2006
248
(in EUR)
Life insurance
policies with
DPF
Life insurances
with
investment
risk
Property insurance
excluding
health insurance
policies
Health insurance
policies
Financial
contracts
with DPF
Factor
Costs +5% (175,739) (117,000) (2,080,000) (772,000) (8,000) (3,152,739)
Costs -5% 175,739 117,000 2,080,000 772,000 8,000 3,152,739
Technical interest rate +1% 10,382,935 - - - 1,630,000 12,012,935
Technical interest rate -1% (13,118,935) - - - (2,073,000) (15,191,935)
Mortality +5% (230,576) - - - - (230,576)
Mortality in annuity insurance -5% (207,665) - - - - (207,665)
Claims ratio +5% (357,365) (384,000) (6,119,000) (3,857,000) (72,000) (10,789,365)
Claims ratio -5% 357,364 384,000 6,119,000 3,857,000 72,000 10,789,364
Total
5.1.6. Risk management in the area of reinsurance
protection
based on the amount of the Group's own shares and
insurance portfolio profiles.
General description of the purpose and goals of
reinsurance protection
The Group has unified the maximum of own shares
at civil liability insurance. The maximum of own
shares in other types of insurance compared with
The basic purpose of reinsurance protection is the
the past year is unchanged.
transfer of insurance risks which the group is unable to
offset with its own assets to reinsurers. In this context
we strive towards optimal protection from large-scale
individual losses as well as mass losses. The decision
on the scale and structure of reinsurance protection is
Proportional and non-proportional reinsurance
protection ensures automatic coverage of the vast
majority of underwritten risks, even in the event of
potential risk assessment errors. For exceptional risks