24 Insurance receivable and contract assets

 

		2021		2020
		AED’000		AED’000
Insurance receivables		98,679		69,924
Re-insurance contract assets		77,279		41,850
		————————-		————————-
		175,958		111,774
		=============		=============

Insurance Receivables

 

		2021		2020
		AED’000		AED’000
Due from policyholders		41,840		42,203
Due from brokers and agencies		12,687		13,916
Due from insurance and reinsurance companies		52,914		20,809
Due from related parties		–		891
		————————-		————————-
		107,441		77,819
Expected credit loss		(9,110)		(8,025)
		————————-		————————-
		98,331		69,794
Refundable deposits and other advances		348		130
		————————-		————————-
Premium and insurance balances receivables – net		98,679		69,924
		=============		=============

 

Reinsurance share of outstanding claims

 

		2021		2020
		AED’000		AED’000
Unearned premiums reserve		39,580		25,897
Claims under settlement reserves		30,655		14,826
Incurred but not reported claims reserve		7,044		1,127
		————————-		————————-
		77,279		41,850
		=============		=============