17. Inwards and outwards reinsurance
Approximately 90% of reinsurance transactions (measured by reinsurance premium in 2015) were undertaken with GP Reinsurance EAD.
17.1. Inwards reinsurance
| (CZK’000) | 31 December 2015 | 31 December 2014 |
| Reinsurance receivables | 11,349 | 11,288 |
| Technical reserves related to inward reinsurance (Note 12) | (221,720) | (184,303) |
| Payables from reinsurance, of which: | (827) | (721) |
| Accrued commissions | 2,594 | 3,219 |
| Net inward reinsurance | (208,604) | (170,517) |
| (CZK’000) | 2015 | 2014 |
| Inward reinsurance premium (Note 16) | 174,635 | 158,462 |
| Portion of claims paid covered by reinsurance | (102,025) | (102,606) |
| Reinsurers’ share in change in technical reserves | (32,467) | 58,314 |
| Insurance bonuses and discounts | (8,247) | (9,697) |
| Commissions from reinsurers | (34,000) | (30,542) |
| Reinsurers’ share in creation and use of reserves and provisions | 1,360 | (282) |
| Accrued commissions | (625) | (69) |
| Inward reinsurance result | (1,369) | 73,580 |
17.2. Outwards reinsurance
| (CZK’000) | 31 December 2015 | 31 December 2014 |
| Receivables from reinsurance (Note 8) | 568,741 | 450,229 |
| Portion of unearned premium reserve covered by reinsurance (Note 12) | 684,786 | 639,989 |
| Portion of reserve for claims covered by reinsurance (Note 12) | 2,757,147 | 2,601,986 |
| Deferred commissions from reinsurance (Note 15) | (11,782) | (10,965) |
| Deposits from outwards reinsurance | (616,021) | (614,744) |
| Accrued expenses and income | (1,237) | (3,011) |
| Liabilities from reinsurance (Note 14) | (1,390,544) | (1,142,606) |
| Net outward reinsurance | 1,991,090 | 1,920,878 |
| (CZK’000) | 2015 | 2014 |
| Non-life insurance | | |
| Outward reinsurance premium | (2,868,734) | (2,691,869) |
| Portion of claims paid covered by reinsurance | 1,095,131 | 1,208,286 |
| Portion of change in unearned premium reserve covered by reinsurance | 51,281 | 69,600 |
| Portion of change in reserve for claims covered by reinsurance | 141,541 | (174,522) |
| Insurance bonuses and discounts | 12,851 | 12,170 |
| Commissions from reinsurers | 672,353 | 558,504 |
| Accrued commissions | (817) | 679 |
| Deposit interest | (4,118) | (4,717) |
| Other technical expenses | — | — |
| Outward reinsurance result (non-life insurance) | (900,512) | (1,021,869) |
| Life insurance | | |
| Outward reinsurance premium | (87,642) | (90,378) |
| Portion of claims paid covered by reinsurance | 3,527 | 31,362 |
| Portion of change in unearned premium reserve covered by reinsurance | 1,802 | (650) |
| Portion of change in reserve for claims covered by reinsurance | 978 | (7,311) |
| Commissions from reinsurers | 18,803 | 20,059 |
| Deposit interest | (709) | (735) |
| Outward reinsurance result (life insurance) | (63,241) | (47,653) |
