Repayments are realised claims from losses, i.e. payment receipts after payment of the indemnity in the event of a loss. Recoveries associated with credit balances from debt rescheduling agreements or
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Glossar
Risk-bearing capital (RBC)
SERV-V, provisions for losses not yet incurred must be shown as equity items. The RBC is determined by means of an actuarial model taking into account all asset portions at risk of loss. The respective value
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in valuations. It is calculated to absorb the losses that would ensue if a drop of one grade on the internal rating scale was sustained by claims from losses and restructuring, by credit balances from debt
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SERV defines loading as its earned premium minus the average expected annual loss. Loading is required to calculate economic viability.
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Value at risk indicates the potential maximum annual loss of the overall portfolio at a given probability and an assumed recovery rate within a given time horizon.
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The confidence factor estimates the probability that the effective loss will be less than or equal to the value at risk. SERV calculates with a confidence factor of 99.9 percent.
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Glossar
Confiscation risk insurance
SERV insures goods which have been exported for storage, exhibition or testing against confiscation, loss of power of disposal and destruction or damage. The maximum cover ratio is 95 per cent.
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