Glossary

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Deposits on assumed: Deposits on assumed reinsurance business are underwriting claims of the reinsurance company against the direct insurer. When business is ceded, the direct insurer retains a portion of the reinsurer’s share of premiums and claims as security. This security portion is shown as a deposit on assumed reinsurance business in the reinsurer’s balance sheet. The direct insurer recognises a deposit on ceded reinsurance business in the same amount.
Derivative financial instruments: Derivatives are financial instruments whose value depends on the price of an underlying asset. Derivatives can be classified systematically according to the nature of the underlying asset (interest rates, share prices, currency rates or commodity prices). Options, futures, forwards and swaps are examples of derivative financial instruments.
Derivatives: Derivatives are financial instruments whose value depends on the price of an underlying asset. Derivatives can be classified systematically according to the nature of the underlying asset (interest rates, share prices, currency rates or commodity prices). Options, futures, forwards and swaps are examples of derivative financial instruments.
Direct business: Insurance business where a direct legal relationship exists between the insurance company and policyholder.
Directors' Dealings: Directors’ Dealings are proprietary trading activities with financial instruments of an issuer by managers as well as by persons closely related to them.
Dividend yield: The dividend yield is an important ratio for evaluating a stock. It shows the ratio between the distribution of funds and the price of the stock, expressed in percent. It is calculated by dividing the dividend by the price of the share.