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The South African Insurance Industry Survey 2016 | 55
The actual claims experience throughout the period for the current basis, PAA and BBA are as follows:
Actual incurred Actual paid Outstanding Outstanding
and reported (movement) (balance) (movement)
(movement)
Inception ----
April 2 650 400 2 250 2 250
May 3 800 3 500 2 550 300
June 3 650 4 000 2 200 (350)
July 3 750 1 900 4 050 1 850
August 3 600 3 200 4 450 400
September 3 900 3 700 4 650 200
October 3 750 5 200 3 200 (1 450)
November 3 650 3 500 3 350 150
December 3 750 2 750 4 350 1 000
January 3 950 5 000 3 300 (1 050)
Februaury 3 650 4 300 2 650 (650)
March 3 750 3 650 2 750 100
Run off claims 750 3 500 - (2 750)
44 600 44 600
A LEADER TAKES PEOPLE WHERE THEY WANT TO GO.
A GREAT LEADER TAKES PEOPLE WHERE THE DON'T
NECESSARILY WANT TO GO, BUT OUGHT TO BE.
Rosalyn Carter
