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INSURANCE – SNA

Statistics Directorate    
French Equivalent: Assurance –SCN

Definition:
The activity of insurance is intended to provide individual institutional units exposed to certain risks with financial protection against the consequences of the occurrence of specified events.

It is also a form of financial intermediation in which funds are collected from policyholders and invested in financial or other assets which are held as technical reserves to meet future claims arising from the occurrence of the events specified in the insurance policies.

Source Publication:
SNA 6.135.

Cross References:
Insurance - Eurostat

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Version Indicator: SNA

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, March 06, 2003