24 Insurance receivable and contract assets

 

		2020		2019
		AED’000		AED’000
Insurance receivables		69,924		65,156
Re-insurance contract assets		41,850		46,109
		————————		————————
		111,774		111,265
		=============		=============

Insurance Receivables

 

		2020		2019
		AED’000		AED’000
Due from policyholders		42,203		44,483
Due from brokers and agencies		13,916		15,600
Due from insurance and reinsurance companies		20,809		9,317
Due from related parties		891		2,757
		————————		————————
		77,819		72,157
Expected credit loss		(8,025)		(7,123)
		————————		————————
		69,794		65,034
Refundable deposits and other advances		130		122
		————————		————————
Premium and insurance balances receivables – net		69,924		65,156
		=============		=============

 

Reinsurance share of outstanding claims

 

		2020		2019
		AED’000		AED’000
Unearned premiums reserve		25,897		23,878
Claims under settlement reserves		14,826		15,732
Incurred but not reported claims reserve		1,127		6,499
		————————		————————
		41,850		46,109
		=============		=============