Insr: Annual Report 2018 approved; previous periods corrected
The Board of Insr Insurance Group ASA approved the annual accounts and report on March 28th, 2019. After publishing preliminary annual accounts on February 27th, the company has discovered that the reinsurance liabilities were underestimated, which is related to bookkeeping errors in 2014 and 2015 in a small portfolio purchased from Landbruksforsikring. The error became visible after introducing an improved accounting tool and better routines for reinsurance accounting. NOK 28.5 million have been deducted from shareholders’ equity. With this adjustment, the solvency ratio as of 31.12.