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.
D
Discount rate
Future outflows and inflows of for example life insurance contracts are changed to present value of money by using discont rate. This present value is used to calculate the liability for insurance company from its insurance contracts.