Content
About the statistics
Definitions
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Name and topic
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Name: Insurance brokers (discontinued)
Topic: Banking and financial markets
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Responsible division
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Division for Financial Markets Statistics
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Definitions of the main concepts and variables
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Definition of the main concepts
Insurance brokers
Companies who arrange insurance and information between insurancecompanies and policy-holders.
Definition of the main variables
Balance sheet
The balance sheet shows assets, liabilities and equity at the end of accounting period.
Profit and loss account
Shows income, costs and expenses over the course of the accounting period.
Brokerage : Insurance brokers clam allowances when closing a deal.
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Standard classifications
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Financial instruments and physical capital
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.
Types of income and expenses,
including interest income and expenses, are based on national accounts rules.
Administrative information
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Regional level
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Only at national level
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Frequency and timeliness
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Annual
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International reporting
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EUROSTAT
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Microdata
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Publication-ready data are stored in a FAME-database.
Other documentation
Temahefte: Prinsipper og definisjoner i kredittmarkedsstatistikken, BK 10/99. (Financial enterprises: Concepts and definitions)
Background
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Background and purpose
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The purpose is to provide statistics for the national accounts, financial sector balances and census of foreign assets and liabilities. Published for the first time in 2001, with statistics as from 1997.
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Users and applications
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The statistics are included in national accounts, financial sector balances, balance of payments and statistics on Norway's foreign assets and liabilities.
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Coherence with other statistics
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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.
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Legal authority
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Act on the Supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 3-2.
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EEA reference
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Council regulation (EC) no. 58/97 of 20 December 1996 (structural regulation).
Council regulation (EC) no. 2223/96.
Production
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Population
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The population is all insurance bokers in Norway who are included in industry 67.
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Data sources and sampling
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Information is based on administrative registers in the Banking, Insurance and Securities Commission.
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Collection of data, editing and estimations
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The data is manually controlled. The Central Bank of Norway, the Banking, Insurance and Securities Commission will be contacted if errors in the data.
The Banking, Insurance and Securities Commission and Statistics Norway control the data.
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Confidentiality
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Not relevant
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Comparability over time and space
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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.
Accuracy and reliability
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Sources of error and uncertainty
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- Errors and discrepancies can occur in the accounting data. These discrepancies can have several sources:
- Errors in transferring the data from the institutions' primary accounts to receiving media
- Different accounting and estimation principles
- Different entry times
- Incompletely filled out reports from respondents
The response rate is 100 per cent.
Non-sampling errors
Frame errors