Glossary

Our glossary explains technical terms from the areas finance and reinsurance. We hope it facilitates the understanding of our texts, publications and annual reports. If you have comments or suggestions, please use our feedback form!

Provision for unearned premiums (also: unearned premium reserve)

premiums written in a financial year which are to be allocated to the following period on an accrual basis. This item is used to defer written premiums.