2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 137 Group 2019 2018 Gross Re- insurance Net Gross Re- insurance Net R'000 R'000 R'000 R'000 R'000 R'000 Notified claims 17 350 1 263 16 087 12 774 957 11 817 Incurred but not reported 13 659 5 231 8 428 7 761 – 7 761 Unearned premiums 7 874 6 179 1 695 1 273 – 1 273 Liabilities at end of the year 38 883 12 673 26 210 21 808 957 20 851 Current 38 883 12 673 26 210 21 808 957 20 851 Group 2019 2018 R’000 R’000 Claims and loss adjustment expenses developed as follows: Notified claims 11 817 20 013 Incurred but not reported 7 761 6 769 Total at beginning of the year 19 578 26 782 Increase in liabilities – arising from current year claims settled 162 699 159 349 – movement in insurance liabilities and current year claims (157 762) (166 553) Liabilities at end of the year 24 515 19 578 Notified claims 16 087 11 817 Incurred but not reported 8 428 7 761 Total 24 515 19 578 Unearned premiums is developed as follows: Total at the beginning of the year 1 273 1 018 Charged to the Statement of Comprehensive Income 422 255 Liabilities at end of the year 1 695 1 273