How to calculate the difference between the reserves of the insurance industry, please give an example.

How to calculate the difference between the reserves of the insurance industry, please give an example

The difference between the reserve for outstanding claims = the reserve for outstanding claims that should be withdrawn in the current period - the reserve for outstanding claims that was withdrawn in the previous period

The difference between the reserve for incurred and unreported claims = the reserve for incurred and unreported claims that should be withdrawn in the current year - the reserve for incurred and unreported claims that was withdrawn at the end of last year Reserve for Incurred Unreported Claims = Reserve for Incurred Unreported Claims payable this year - Reserve for Incurred Unreported Claims payable at the end of last year

Difference in reserve for unexpired liability = Reserve for unexpired liability payable this year - Reserve for unexpired liability payable in the previous year

Difference in reserve for long term liability = Reserve for long term liability payable this year - Reserve for long term liability payable last year


Life Insurance Liability Reserve Carryover = Current Life Liability Reserve - Prior Year's Life Liability Reserve


Long Term Health Liability Reserve Carryover = Current Long Term Health Liability Reserve - Prior Year's Long Term Health Liability Reserve



From the above formula, it can be seen that the reserve carryover is the same as the reserve carryover for Long Term Liability. From the above formula, you can see how the reserve carryover is calculated, as for how each reserve is withdrawn, I think there is no need to explain.

How to calculate the reserve carry forward

Ministry of Finance, State Administration of Taxation "on the small and medium-sized credit guarantee institutions on the issue of pre-tax deduction of reserves" (Cai Shui [2007] No. 27), the small and medium-sized credit guarantee institutions can be in accordance with the current year-end balance of the guaranteed liability of not more than 1% of the proportion of the guaranteed indemnification reserves, and allowed in the enterprise income tax deduction. SME credit guarantee institutions may make a provision for unexpired liability at a rate of 50% of the guarantee fee income of the year and are allowed to deduct it before enterprise income tax. Provision for unexpired liability shall be made in accordance with the difference in annual guarantee fee income, and the portion of provision made in excess of 50% of annual guarantee fee income shall be transferred to current income. SME credit guarantee institutions actually incurred losses on behalf of compensation, should be sequentially deducted in the pre-tax deduction of the guarantee indemnity provisions and after-tax profits in the general risk of provision, less than the deduction of part of the enterprise income tax deduction according to the actual income tax, the above provisions since January 1, 2007, the implementation of.

How to calculate the late payment of five insurance premiums in Tianjin? Please give us an example.

It's just a matter of allocating the percentage of contributions according to the type of insurance you have.

Example: contribution base 1100 yuan

Pension: 1100 * 28% = 308

Medical: 1100 * 12 * = 132

Unemployment: 1100 * 3% = 33

Total contribution: 308 + 132 + 33 = 473

Then: old age should be allocated: 308/473 *6.15=4

Medical should be allocated: 132/473*6.15=1.72

Unemployment should be allocated: 33/473*6.15=0.43

What is the meaning of "reserve for outstanding claims carryover" in the insurance industry auto insurance? Thanks for the instruction.

Insurance terminology:

Outstanding - refers to insurance cases that have not yet been paid out (i.e., commonly known as: money not paid to the customer)

Claims - refers to insurance claims that have been confirmed by the determination of damage (i.e., commonly known as: claim payments).

Reserves - refers to the cash expected to be paid out according to the categories of the indices (i.e., commonly understood: cash that is put aside and can not be diverted, specifically planned for the payment of claims)

Rollover - refers to the difference between the surplus or shortfall (i.e., the difference between the surplus or shortfall) after the rollover. The difference between the surplus or shortfall (i.e., commonly known as: surplus and deficit)

Above, as the name implies, the original meaning of the term is inseparable.

The combination of the outstanding claims reserve carry-over is:

The current period for the outstanding cases of compensation for the current plan to determine the current reserve to the end of the date of calculation, the carry-over of the payout after the difference, is the surplus or shortfall of a proportion of the value.

The flip side of this is that one of the calculated values in the Composite Payout Ratio is the percentage of the difference between the current period's reserves set for pending claims.

Intuitive understanding of the example shows that: according to the last period of the index for the current period of the pending cases and the plan to determine the current payout reserves for 10 million, after the transfer of the value of the payout there is a surplus of 2 million, or shortfalls have been added to the 3 million is now zero-negative.

Then, the carry-over difference is the remaining 2 million, or has been added to the 3 million after the zero-negative.

The numerical relationship between the reserve for unclaimed benefits and the carry-forward is then proportional to this.

Then it becomes one of the corresponding values in the various combinations of data for the overall combined payout ratio.

Of course, insurance terminology is composed and interpreted differently for different needs.

This requires you to carefully chew through the various specialized knowledge of insurance operations.

Just as the interpretation of the combination of pending here, to understand the scope of the program pending, and not a single understanding of the remaining auto insurance claims.

How do you calculate decimal to binary interchangeably? Example

Decimal to binary:

Divide by 2 until the result is 1

Write the remainder and the last 1 in reverse order from the bottom to the top and that's the result

For example, 302

302/2 = 151 Remaining 0

151/2 = 75 Remaining 1

75/2 = 37 Remaining 1

37 /2 = 18 remainder 1

18/2 = 9 remainder 0

9/2 = 4 remainder 1

4/2 = 2 remainder 0

2/2 = 1 remainder 0

Therefore, the binary is 100101110 Binary to Decimal

Starting from the last digit, the columns are listed as the 0th, 1th, 2th, and 2nd... Bits

The nth digit (0 or 1) is multiplied by 2 to the nth power

The results add up to the answer

For example:01101011. 3 times 2 = 8

0 times 2 to the 4th power = 0

1 times 2 to the 5th power = 32

1 times 2 to the 6th power = 64

0 times 2 to the 7th power = 0

And then: 1 + 2 + 0

+ 8 + 0 + 32 + 64 + 0 = 107.

Binary 01101011 = Decimal 107.00

How are the reserve for compensation and risk provisioning for guarantee companies provided for?

According to the Interim Measures for the Administration of Financial Guarantee Companies jointly issued by seven ministries and commissions of the State on March 11, 2010, the reserve for outstanding liabilities and the guarantee indemnity shall be provided in accordance with the provisions of Article 13:

Generally, the reserve for outstanding liabilities shall be provided at the rate of 50% of the guarantee income, and the reserve for guarantee indemnity shall be provided at the rate of one-thousandth of the balance of guarantee liabilities at the end of the year, and the reserve for risk shall be provided at the rate of one-thousandth of the net profit of the guarantee company. The general risk reserve is provided at 5% of net profit.

1. The reserve for unexpired liabilities is withdrawn at a rate not exceeding 50% of the current year's guarantee fee income and is included in operating expenses. Monthly accruals, year-end settlement, may not exceed, allowed in the enterprise income tax deduction before tax, while the balance of the previous year's provision of the unexpired reserve exclusively for the current period income.

Borrow (-): Operating Expenses - Short-term Liability Provision

Credit (+): Unexpired Liability Provision

2. Guarantee Indemnity Reserve is accrued on the basis of one thousandth of the balance of the guarantee liability for the current month, accrued on the same month, i.e., accrued by the end of the month in the balance of the guarantee, the end of the month to be listed in the unit of the guarantee and the corresponding balance of the guarantee as a basis for the accrued amount. Allowed to be deducted before income tax, included in operating expenses, the reserve for guarantee indemnification reached a cumulative 10% of the balance of the guarantee liability, the implementation of the difference in the withdrawal.

Borrow (-): Operating Expenses - Provision for Guarantee Indemnity (Provision for Long-term Liability)

Loan (+): Provision for Guarantee Indemnity

3. General Risk Reserve shall be withdrawn from the after-tax profit at the end of the year at the rate of 5% for the purpose of guarantee indemnity. After the general risk reserve has accumulated to 10% of the guarantee balance, a differential withdrawal is applied. If the accumulated risk reserve withdrawn in accordance with Article 2 and this Article reaches 30% or more of the registered capital, the excess can be transferred to capital.

Borrow (-): Profit Distribution - Withdrawal of General Risk Reserve

Credit (+): General Risk Reserve

When the enterprise makes up for the loss with the risk reserve,

Borrow (-): General Risk Reserve

Credit (+): Profit Distribution - Withdrawal of General Risk Reserve

4. The losses actually incurred in lieu of the guarantee compensation should be deducted in sequence The reserve for guarantee indemnity and the general risk reserve withdrawn from after-tax profit which have been deducted before tax, and the part which is not enough to be deducted shall be deducted before enterprise income tax.

Borrow (-): general risk reserve

Guarantee indemnity reserve

Unexpired liability reserve

Loan (+): bank deposits

The financial guarantee company should extract the reserve for the unexpired liability in accordance with 50% of the income from the guarantee fee of the year, and extract the guarantee indemnity reserve at the rate of not less than 1% of the balance of the guarantee liability at the end of the year. The reserve.

What is "reserve carry forward"?

The reserve carry-forward refers to the current period's reserve minus the previous period's carry-forward. It is the difference between the amount of reserves withdrawn and the amount of reserves reversed, and is not a quantitative but a summary account.

Reserves (reserve) the cash on hand at commercial banks are deposited proportionally with the central bank. The purpose of the introduction of reserves is to ensure that commercial banks have quite sufficient liquidity in the event of a sudden large withdrawal of bank deposits. Since the 1930s, the legal reserve system has also become an important means of state regulation of the economy, a system by which the central bank controls the size of commercial banks' credit. The amount of reserves and the level of reserve ratios of commercial banks controlled by the central bank affect the size of the bank's credit. This system stipulates that commercial banks cannot lend out all the deposits they have taken in, but must keep them in a certain proportion, either in the form of deposits with the central bank or in the form of cash on hand. The proportion of reserves to total deposits is called the reserve ratio. ◎ Insurance is the business of pooling funds, which are pooled through contractual forms, to compensate for the economic benefits of the insured. ◎ The applicable tax rate for the finance and insurance industry is 5%. ◎ The turnover of the financial and insurance industry generally refers to the amount of business income obtained by a taxpayer engaged in the financial and insurance industry. The scope of taxation of the financial industry includes loans (own funds loans and sub-loans), financial leasing, transfer of financial commodities, financial brokerage and other financial businesses. 1, financial institutions in accordance with the provisions of the reserves deposited in the central bank and insurance companies in accordance with the provisions of the deposit of the amount of interest earned by the professional banks, the Bank of China to operate foreign exchange business to obtain the interest income and accept foreign trade, joint venture banks to transfer the capital and working capital deposits, transferred to foreign banks to obtain the interest income, does not belong to the scope of the business tax levied. (2) The People's Bank of China does not levy business tax on loans to financial enterprises. However, business tax shall be levied on loans made by the People's Bank of China to units or individuals other than financial enterprises or loans entrusted to financial enterprises. 3. No business tax shall be levied on the subsidization of spreads, and business tax shall be levied on the sales of checks and other financial items by financial enterprises. The tax basis of the financial industry is as follows: 1, the turnover of general lending business is the full amount of income obtained from the issuance of loans; 2, the turnover of the sub-lending business is the balance of the interest on the loan less the interest on the borrowed money; 3, the financial leasing business, the leasing fees and residual value of the equipment, less the price of the equipment for the turnover; 4, the turnover of the purchase and sale of foreign exchange is the operator according to the foreign exchange market market changes in foreign exchange, the purchase and sale of foreign exchange gains; 5, the purchase and sale of securities turnover 5, the turnover of trading securities, is the operator according to changes in market conditions, trading securities income, that is, the difference between the securities buying price and selling price; 6, the turnover of the financial brokerage industry, is the financial institutions engaged in financial brokerage business to obtain all the income. Taxation provisions of the insurance industry: insurance is divided into property insurance, personal insurance, liability insurance, credit insurance, the scope of taxation is the insurance business operated by insurance companies and other insurance business units, but the insurance business provided by the domestic insurance organizations for the export of goods does not belong to the scope of taxation of business tax. The turnover of the insurance industry is the income made by insurance organizations in operating insurance business. No compensation incentive expenditure of insurance companies shall not be deducted from the premium income in the calculation of business tax. Taxation of Pawnbroking: Pawnbroking refers to the business of lending money secured by physical objects, which is based on the value of the collateral items provided by the borrower at a discount, lending cash, and regularly recovering the principal and interest. The scope of taxation of the pawnbroking industry is the conduct of the operator engaged in mortgage lending, but the sale of the pawned items is subject to value-added tax (VAT), which is not part of the scope of taxation of business tax. The taxable basis of the pawnshop industry is the interest and other incomes under various names (e.g., custodial fees) obtained by the operator. Example: The interest income obtained is 2 million yuan, then the business tax payable is: