Rezerwy techniczno-ubezpieczeniowe warunkiem stabilności funkcjonowania zakładów ubezpieczeń
Technical and insurance reserves as a condition guaranteeing stability of insurance companies functioning

Summary/Abstract: Running an insurance business activity is connected with a high risk level. Therefore, while managing both an insurance company itself and its accounts, technical and insurance reserves play a crucial part. Such reserves are obligatory. They are created to cover for the current and future liabilities, resulting from insurance contracts, whose height and exact time is unknown. The technical and insurance reserves are a form of insurer's self-insurance against negative effects of high economic risk; in particular those effects connected with incurring unpredictable losses in the future. The technical and insurance reserves, depending on their importance and the creation of significant liabilities in the insurance companies' balance sheets, should be calculated according to diligently, meticulously and unambiguously defined methods and rules comprised in the insurers' corporate chart of accounts.

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