BIMB Integrated Annual Report 2019

49 TAKAFUL RISK MANAGEMENT (CONTINUED) (b) General Takaful Fund (continued) Gross General Takaful contract liabilities for 2019 (Group) Accident year Before 2012 2013 2014 2015 2016 2017 2018 2019 Total RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 At end of accident year 215,495 331,800 262,204 221,648 223,780 295,991 375,596 444,901 One year later 209,161 306,084 251,372 208,227 203,209 267,272 344,545 – Two years later 177,695 305,183 250,924 188,734 202,810 240,429 – – Three years later 163,244 264,940 243,501 172,121 202,762 – – – Four years later 158,686 263,409 235,522 165,394 – – – – Five years later 155,598 262,593 229,543 – – – – – Six years later 155,764 261,634 – – – – – – Seven years later 154,984 – – – – – – – Current estimate of cumulative claims incurred 154,984 261,634 229,543 165,394 202,762 240,429 344,545 444,901 2,044,192 At end of accident year (43,107) (47,866) (58,855) (59,362) (75,630) (99,942) (130,992) (160,378) One year later (99,559) (117,379) (138,390) (124,477) (137,673) (175,925) (236,588) – Two years later (132,631) (158,980) (180,634) (145,455) (172,581) (204,497) – – Three years later (146,199) (240,162) (212,447) (156,623) (189,935) – – – Four years later (152,499) (255,632) (221,968) (160,346) – – – – Five years later (153,664) (259,073) (223,057) – – – – – Six years later (154,205) (260,332) – – – – – – Seven years later (154,751) – – – – – – – Cumulative payments to-date (154,751) (260,332) (223,057) (160,346) (189,935) (204,497) (236,588) (160,378) (1,589,884) Gross General Takaful contract liabilities 233 1,302 6,486 5,048 12,827 35,932 107,957 284,523 454,308 Additional risk margin 76,416 Gross General Takaful contract liabilities per Note 22(a) 530,724 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 308 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance