14 Insurance Liabilities and Reinsurance Assets


In CHF million  
  Gross Reinsurance assets Net
  30.06.2014 31.12.2013 30.06.2014 31.12.2013 30.06.2014 31.12.2013
Claims under non-life insurance contracts
  954 979 195 197 758 782
Unearned premiums non-life
  86 67 0 0 86 66
Claims under life insurance contracts
  6 163 6 270 86 90 6 077 6 180
Future life policyholder benefits
  91 065 87 890 116 108 90 949 87 781
Unearned premiums life
  68 44 0 0 68 44
Deposits under insurance contracts
  6 366 6 182 6 366 6 182
Total insurance liabilities and reinsurance assets
  104 701 101 432 398 396 104 304 101 035
of which for the account and risk of the Swiss Life Group's customers
  2 466 2 200 2 466 2 200


Unearned premiums
Unearned premiums represent the portion of the premiums written relating to the unexpired terms of coverage.

Claims under non-life insurance contracts
Claims under non-life insurance contracts represent the liability needed to provide for the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the financial reporting date. The estimated liability includes the amount that will be required for future payments on both claims that have been reported to the insurer and claims relating to insured events that have occurred but have not been reported to the insurer as at the date the liability is estimated. Loss development tables are generally used to make these estimates.

Claims under life insurance contracts
Claims under life insurance contracts represent the liability for unpaid portions of claims incurred. It includes an estimate of the liability for claims incurred but not reported (IBNR). The measurement at reporting date is a best estimate of ultimate future claim payments.

Future life policyholder benefits
For participating contracts where the contribution principle applies to the allocation of the policyholder bonus, future life policy benefit liabilities are determined by using the net-level-premium method on the basis of appropriate mortality and interest rate assumptions.

The valuation of other long-duration contracts is also based on the net-level-premium method with actuarial assumptions as to mortality, persistency, expenses and investment returns including provisions for adverse deviation.

Deposits under insurance contracts
For investment-type contracts with significant insurance risk, savings premiums collected are reported as deposits (deposit accounting).

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