24. Technical provisions held on account and at risk of life insurance policyholders


 

31 Dec. 2010
€ 000

31 Dec. 2009
€ 000

Gross

4,142,636

3,416,231

Reinsurers' share

–396,542

–382,338

Total

3,746,094

3,033,893

As a general rule, the valuation of the technical provisions for unit-linked and index-linked life insurance policies corresponds to the investments in unit-linked and index-linked life insurance policies reported at current market values. The reinsurers’ share is offset by deposits payable in the same amount.

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