Life- and non-life insurance companies
10.13.10 - Financial institutions
Quarterly and annual.
Only at national level.
960 - Division for Financial Corporations
Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 3-2.
Council Directive 674/91 on the annual accounts and consolidated accounts of insurance undertakings.
Council Regulation 410/98 amending Regulation 58/97 concerning structural business statistics.
Commission Regulation 1225/1999 concerning the definitions of characteristics for insurance services statistics.
Commission Regulation 1227/1999 concerning the technical format for the transmission of insurance services statistics.
Commission Regulation 1225/1999 concerning the series to be produced for insurance services statistics.
Not relevant.
The purpose is to provide statistics for the national accounts, financial sector balances and census of foreign assets and liabilities, and publish current credit market statistics. Accounting statistics for life and non-life insurance companies was first published in NOS Credit Market Statistics 1912. From 1998 the accounts statistics was based up on new electronic reports, which have more details than the former manual reports. Among others it gives the possibility to divide between capital assets and short-term assets, and it also contains quarterly profit and loss accounts.
The statistics are included in national accounts, financial sector balances, balance of payments and statistics on Norway's foreign assets and liabilities. Other major users are the Central Bank of Norway, the Banking, Insurance and Securities Commission, Ministry of Finance and the media.
The population is all life and non-life insurance companies in Norway, including foreign branches in Norway. According to the Standard Industrial Classification this covers industries 66.01 and 66.03.
The statistical unit forming the basis for the accounting reports is the enterprise.
Information is based on administrative registers in the Central Bank of Norway.
The sample is defined on the basis of a number of financial corporations licensed by the Banking, Insurance and Securities Commission (the statistics are in principle based on total censuses).
The collection of data is a cooperation between the Central Bank of Norway, the Banking, Insurance and Securities Commission and Statistics Norway.
The data is controlled by the Banking, Insurance and Securities Commission and Statistics Norway.
Not relevant.
Not relevant.
The primary job of insurance companies is to distribute risk among policyholders and to a certain extent transfer risk from the customers to themselves.
The balance sheet shows assets, liabilities and equity at the end of accounting period.
Shows income, costs and expenses over the course of the accounting period.
We have four types of classifications: instrument, sector, industry and type:
Liabilities, claims and other assets in the balance sheet of the financial institutions are divided into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
including interest income and expenses, are based on national accounts rules.
Errors and discrepancies can occur in the accounting data. These discrepancies can have several sources:
The response rate is nearly 100 per cent.
Not relevant.
Not relevant.
The accounts statistics for life and non-life insurance companies are based on current accounting regulations for life and non-life insurance companies. Violations can therefore occur in connection with changes in the Accounting Act and in the special regulations that apply to life and non-life insurance companies.
The statistics are based on the guidelines in the national accounts standards "System of National Accounts" from 1993 (SNA 1993), "European System of Accounts" from 1995 (ESA 1995) and the IMF's "Manual on Monetary and Financial Statistics".
Statistics from the life and non-life insurance companies are used in the national accounts, financial sector balances, balance of payments and in the statistics on Norway's foreign assets and liabilities.
Quarterly figures for life and non-life insurance companies are published in Today's Statistics on the Internet at http://www.ssb.no/english/subjects/10/13/10/forsikring_en/.
Annual tables are published in the Statistical Yearbook of Norway at http://www.ssb.no/english/yearbook/.
NOS Accounting Statistics for Financial Enterprises (1990-1997)
Temahefte: Prinsipper og definisjoner i kredittmarkedsstatistikken, BK 10/99. (Financial enterprises: Concepts and definitions)
Publication-ready data are stored in a FAME-database.
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