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Premium accounting

Premiums

Capture the contractual foreign-currency premium once, recognise its rand value at the policy inception rate, and send it for independent approval before it reaches the ledger.

Policies

All premiums

1 premium, newest first

Recognition rateThe exchange rate used when a transaction is first recorded. Premiums use the policy inception date, liability claims use the date reported and all other claims use the date of loss.

Reference	Policy	Recognition date	Gross premium	Recognition rate	ZAR at recognition	Status	Prepared by	Approved by
PREM-001	VALTERRA 2026	01 Jun 2026	US$720 362,29	16.34000000	R 11 770 919,82	POSTED	Nandi Preparer	Thabo Approver