Regulatory Reporting 
The premium reserves are created from insurance premiums and are disclosed as liabilities in the balance sheets of insurance companies. The premium reserves cover the assets belonging to the premium reserve fund.
This premium reserve fund must be created in order to fulfill German supervisory requirements. It is used to ensure that claims from insurance policyholders can be met.
The assets of the premium reserve fund are documented in premium reserve fund lists (PRF Lists). In general, a separate premium reserve fund is set up for each branch of insurance operated by an insurance company.
The premium reserve fund is divided into various asset categories. Examples of possible asset categories:
|
Asset Category |
Description |
|
PRF 1 |
Registered bond |
|
PRF 2 |
Registered debt |
|
PRF 8 |
Bonds |
|
PRF 9 |
Stocks |
|
… |
… |
The Stock Indicator and the insurance branch for each securities account are available in the SAP system. All values related to the securities account are assigned to the relevant asset grouping and insurance branch.
See also:
Premium Reserve Fund:
Transfer
Premium Reserve Fund:
Information