37. Liabilities in respect of insurance activities
Accounting policies
The Group creates technical reserves to cover current and future claims and costs which may arise from the insurance agreements concluded.
The technical reserves comprise: unearned premium and unexpired risk reserves, outstanding claims and benefits reserve, reserve for bonuses and discounts for the insured, life insurance reserve, and other reserves.
Annual report
2018
2018
Financial information
| Liabilities in respect of insurance activities | 31.12.2018 | 31.12.2017 |
|---|---|---|
| Technical reserves | 1 292 | 882 |
| Total | 1 292 | 882 |
The majority of insurance products refer to investment products where the risk is borne by the policyholder.