Output account in banking
Total calculated banking service (earned interests, commissions, other banking service revenues and income paid revenues+ Stock dividends and bond yields+ Other output.)
Chapter Five: Business Statistics
Bank Interests
Interest received for specific financial loans from the concerned bank and interest paid for taking loans to the bank
Chapter Five: Business Statistics
Insurance Companies
Entities with legal personality for mutual insurance and other forms of insurance, its main task is providing life insurance against accidents, sickness, burning, and other forms of insurance to individuals and establishments.
Chapter Five: Business Statistics
Insurance Policy
An insurance certificate proving insurance against a specific risk.
Chapter Five: Business Statistics
Insurance Premiums
This is represented in the premiums eligible for insurance or reinsurance companies for life insurance policies or policies that the company’s customers have subscribed to against accidents such as theft, fire, etc.
Chapter Five: Business Statistics
Insurance Compensations
Amounts paid to the insured to compensate for his exposure to any type of insured risk.
Chapter Five: Business Statistics
Compensations Earned from Reinsurance
It represents the value of amounts eligible for insurance companies from compensation by the reinsurance companies resulting from reinsurance on life insurance policies or accidents related to their customers.
Chapter Five: Business Statistics
Reinsurance
It is the division of risks in a specific percentage between the original insurance company and the reinsurance companies so that each party obtains a specific percentage of the premiums to one of the insurance branches, such as fire, marine, and car insurance, and bear the same percentage of losses or compensation if they occur.
Chapter Five: Business Statistics
Account in Insurance
Total service calculated for insurance (collected insurance premiums - compensation paid + net investment income for technical reserves- changes in both catastrophic reserves and for-profit insurance reserves+ reinsurance commission and other output revenues.)
Chapter Five: Business Statistics
Medical Insurance:
It means an agreement between the insurance company and the insured client in which the First Party bears the expenses related to the therapeutic services provided to the Second Party (an individual, corporation, or company) during a specific period in return for specified money; the payment is to be paid in bulk or installments.
Chapter Five: Business Statistics
General insurance
This means a contract between the Insurance company and the Insured, according to which the company pledges to pay money when a certain risk occurs. The client shall be obligated to pay the company certain money of this insurance every year. The money varies according to the type of insurance, and the following types of insurance fall under this type:
Chapter Five: Business Statistics
Insurance against accidents, liability, and others;
It means a contract between the insurance company and the insured that undertakes to pay accidental bodily injury caused by the insured in the course of its work and the loss or accidental damage to the property of others caused by the insured's actions.
Chapter Five: Business Statistics
