BIMB Integrated Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 46. TAKAFUL RISK MANAGEMENT (CONTINUED) (b) General Takaful Fund (continued) Net General Takaful contract liabilities for 2017 (Group and Company): BEFORE 2010 2011 2012 2013 2014 2015 2016 2017 TOTAL ACCIDENT YEAR RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At end of accident year 193,764 164,771 155,701 145,951 149,409 127,623 130,234 158,981 One year later 194,943 166,938 155,158 131,597 128,160 121,144 130,936 – Two years later 184,831 162,745 138,856 121,436 120,438 112,551 – – Three years later 175,340 151,294 127,442 114,847 114,884 – – – Four years later 162,922 140,475 124,850 108,663 – – – – Five years later 169,151 137,539 122,698 – – – – – Six years later 168,656 137,028 – – – – – – Seven years later 168,479 – – – – – – – Current estimate of cumulative claims incurred 168,479 137,028 122,698 108,663 114,884 112,551 130,936 158,981 1,054,220 At end of accident year (68,055) (44,725) (40,054) (41,956) (43,125) (42,496) (54,552) (67,730) One year later (125,883) (104,575) (89,419) (84,498) (88,199) (84,402) (97,117) – Two years later (140,510) (128,583) (109,666) (101,303) (103,471) (96,660) – – Three years later (150,249) (136,415) (117,457) (105,696) (108,312) – – – Four years later (153,849) (134,801) (120,530) (105,070) – – – – Five years later (167,151) (136,230) (121,442) – – – – – Six years later (167,791) (136,850) – – – – – – Seven years later (168,374) – – – – – – – Cumulative payments to-date (168,374) (136,850) (121,442) (105,070) (108,312) (96,660) (97,117) (67,730) (901,555) Net General Takaful contract liabilities 105 178 1,256 3,593 6,572 15,891 33,819 91,251 152,665 Additional risk margin 21,694 Effect of movement in exchange rates – Net General Takaful contract liabilities per Takaful Malaysia financial position (Note 22(a)(i)) 174,359 285 Overview Value Creation Accountability Financial Statements Sustainability Performance Data Shareholders Information 21 st AGM Information Management Discussion & Analysis em n