Words and phrases

Insuranace risk

This is the insurance's risk for death, long life, disability and recovery.

Cost for insurance risk

The part of the premium and premium reserve that is to cover the annual insurance risk for death and disability.

Income for insurance risk

The part of the premium and premium reserve that is to cover the annual insurance risk for long life and recovery.

Result insuranace

This amount is the insurance's share of Storebrand's result for insurance risk regarding death, long life, disability and recovery. Storebrand's insurance risk results indicate what the year’s actual insurance risk costs/incomes are compared to the estimated insurance risk costs/incomes according to the scale of premium rates for all group pensions in Storebrand.

Storebrand's equalization fund for insurance risk

The life insurance companies can withheld up to 50 percent of the risk result to the equalization fund for insurance risk. The fund is common to all customers and is to be used to cover any future negative insurance risk results. The fund can also be used to increase the premium reserves, for example due to the fact that we now are living longer.

Price for interest guarantee

The premium that is paid in advance for the guaranteed yield.

Guaranteed interest/yield

This is the interest/yield that is guaranteed for the contract's assets.

Market value adjustment fund

Market value adjustment fund is the difference between the market value and the book value on assets that are invested. The market value adjustment fund varies from day to day, depending on the developments in the market values. The insurance's share of the company's price adjustment fund is included when moving the insurance.


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