SERV GLOSSARY


Economic viability

SERV is required by law to cover its insurance business costs as they are incurred in each accounting period without taking subsidies (art. 6 (1) a SERVG). Economic Viability Level 1 is the difference between the Glossaryloading of  and personnel and non-personnel expenses. Economic Viability Level 2 is defined as Economic Viability Level 1 plus interest income from cash investments.