48.1 Direct insurance liabilities [1]
| Direct insurance liabilities | 31 December 2015 | 31 December 2014 |
| Liabilities to policyholders | 390,038 | 408,721 |
| Liabilities to insurance intermediaries | 177,507 | 172,492 |
| Other insurance liabilities | 128,621 | 105,501 |
| Total direct insurance liabilities | 696,166 | 686,714 |