Cross-cutting and other special issues
- Author: United Nations
- Main Title: System of National Accounts 2008 , pp 341-394
- Publication Date: July 2010
- DOI: https://doi.org/10.18356/b80be53b-en
- Language: English French, Russian
At its simplest, an insurance policy is an agreement between an insurance corporation and another institutional unit, called the policyholder. Under the agreement, the policyholder makes a payment (a premium) to the insurance corporation and, if or when a specified event occurs, the insurance corporation makes a payment (claim) to the policyholder. In this way, the policyholder protects itself against certain forms of risk; by pooling the risks the insurance corporation aims to receive more from the receipt of premiums than it has to pay out as claims. However, simply recording the actual premiums and claims paid in the accounts of the SNA would not reflect the links between premiums and claims. Instead, some actual transactions are partitioned and others are imputed in order to bring out the underlying economic processes actually taking place.
© United Nations
ISBN (PDF):
9789210544603
Book DOI:
https://doi.org/10.18356/4fa11624-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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