4.15. Inwards and outwards reinsurance
Approxinately 85% of reinsurance transactions (measured by reinsurance premium in 2016) were undertaken with GP Reinsurance EAD (2015: 90%)
4.15.1. Inwards reinsurance
| (CZK’000) | 31 December 2016 | 31 December 2015 |
| Reinsurance receivables | 6,813 | 11,349 |
| Technical reserves related to inward reinsurance (note 4.10) | (335,544) | (221,720) |
| Payables from reinsurance, of which: | (207) | (827) |
| Accrued commissions | 2,450 | 2,594 |
| Net inward reinsurance | (326,488) | (208,604) |
| (CZK’000) | 2016 | 2015 |
| Inward reinsurance premium | 175,249 | 174,635 |
| Portion of claims paid covered by reinsurance | (113,104) | (102,025) |
| Reinsurers’ share in change in technical reserves | (120,827) | (32,467) |
| Insurance bonuses and discounts | (614) | (8,247) |
| Commissions from reinsurers | (36,210) | (34,000) |
| Reinsurers’ share in creation and use of reserves and provisions | 2,388 | 1,360 |
| Accrued commissions | (144) | (625) |
| Inward reinsurance result | (93,262) | (1,369) |
4.15.2. Outwards reinsurance
| (CZK’000) | 31 December 2016 | 31 December 2015 |
| Receivables from reinsurance (note 4.6) | 703,096 | 568,741 |
| Portion of unearned premium reserve covered by reinsurance (note 4.10) | 698,631 | 684,786 |
| Portion of reserve for unsettled claims covered by reinsurance (note 4.10) | 2,938,007 | 2,757,147 |
| Deferred commissions from reinsurance (note 4.13) | (22,865) | (11,782) |
| Deposits from outwards reinsurance | (617,570) | (616,021) |
| Accrued expenses and income | (1,435) | (1,237) |
| Liabilities from reinsurance (note 4.12) | (1,456,300) | (1,390,544) |
| Net outward reinsurance | 2,241,564 | 1,991,090 |
| (CZK’000) | 31 December 2016 | 31 December 2015 |
| Non-life insurance | | |
| Outward reinsurance premium | (2,752,763) | (2,868,734) |
| Portion of claims paid covered by reinsurance | 1,377,116 | 1,095,131 |
| Portion of change in unearned premium reserve covered by reinsurance | 16,950 | 51,281 |
| Portion of change in reserve for unsettled claims covered by reinsurance | 166,977 | 141,541 |
| Insurance bonuses and discounts | 2,838 | 12,851 |
| Commissions from reinsurers | 641,584 | 672,353 |
| Accrued commissions | (11,082) | (817) |
| Deposit interest | (3,747) | (4,118) |
| Outward reinsurance result (non-life insurance) | (562,127) | (900,512) |
| Life insurance | | |
| Outward reinsurance premium | (85,598) | (87,642) |
| Portion of claims paid covered by reinsurance | 8,762 | 3,527 |
| Portion of change in unearned premium reserve covered by reinsurance | (95) | (1,802) |
| Portion of change in reserve for unsettled claims covered by reinsurance | 13,883 | 978 |
| Commissions from reinsurers | 14,264 | 18,803 |
| Deposit interest | (689) | (709) |
| Outward reinsurance result (life insurance) | (49,473) | (66,845) |
