Оповестяване на застрахователните (технически) резерви във финансовите отчети на застрахователите
Disclosure of Insurance (Technical) Provisions in the Insurers’ Financial Statements

Author(s): Maia Natchkova
Subject(s): Economy, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: insurance (technical provisions); financial statements; insurers
Summary/Abstract: The disclosure of insurance (technical) provisions in the insurers’ financial statements is crucial for the key users of these statements – insured persons, insuring parties and beneficiaries, assigners, reinsurers, investors, shareholders, state and supervisory authorities, etc. The public importance and development of the special insurance business require its strictly individual accounting and disclosure of its specific items, such as the insurance (technical) provisions, their analysis and efficient management and the special supervision they are subject to by the state insurance supervision authority.The objective of this report is to describe the accounting principles, rules and good practices used for the true and fair disclosure of accounting data for the allocated and released insurance (technical) provisions in the insurers’ financial statement. The fair disclosure of these provisions will contribute to the increase of the public trust to the insurance business and to the respective insurer that is committed to competitive position on the insurance market.

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