SCHEDULE 3INSURANCE COMPANIES: COMPANIES ACT INDIVIDUAL ACCOUNTS
PART 3NOTES TO THE ACCOUNTS
Information supplementing the profit and loss account19
Particulars of business85
1
As regards general business a company must disclose—
a
gross premiums written,
b
gross premiums earned,
c
gross claims incurred,
d
gross operating expenses, and
e
the reinsurance balance.
2
The amounts required to be disclosed by sub-paragraph (1) must be broken down between direct insurance and reinsurance acceptances, if reinsurance acceptances amount to 10 per cent or more of gross premiums written.
3
Subject to sub-paragraph (4), the amounts required to be disclosed by sub-paragraphs (1) and (2) with respect to direct insurance must be further broken down into the following groups of classes—
a
accident and health,
b
motor (third party liability),
c
motor (other classes),
d
marine, aviation and transport,
e
fire and other damage to property,
f
third-party liability,
g
credit and suretyship,
h
legal expenses,
i
assistance, and
j
miscellaneous,
where the amount of the gross premiums written in direct insurance for each such group exceeds 10 million Euros.
4
The company must in any event disclose the amounts relating to the three largest groups of classes in its business.