Policy Liabilities (SF.BS.PolicyLiabilities)

Policy Liabilities (SF.BS.PolicyLiabilities) refers to the Payables for claims and losses to policyholders, and other liabilities related to insurance policies.

Only liabilities when the amounts of claims and losses is already decided are included.

Policy Liabilities (SF.BS.PolicyLiabilities) includes:

  • Claims outstanding, unpaid claims and losses, claims and losses payable (to policyholders) – accident, health, life benefits, etc.
  • Claims adjustment expenses payable
  • Annuity benefits payable

Policy Liabilities (SF.BS.PolicyLiabilities) does not include: