Glossary
This glossary includes the most essential property and casualty insurance and life insurance terminology as well as financial statements terms used in Sampo Group. Because of different meanings in some cases in property and casualty insurance vs. life insurance, there are two different explations for some of the insurance terms.
You can move from an English word to an equivalent Finnish word by clicking the 'Suomeksi' button on the upper right hand corner of the web page.
C
Claims outstanding
Also known as 'claims reserve'. Claims reserve consists of unpaid claims due to insurance events that have already happened, the claim handling costs and statutory reserves.