Page 60 - MC14326 all pages

56 | The South African Insurance Industry Survey 2016

The IBNR and risk adjustment for each month is as follows:

IBNR IBNR IBNR (balance) IBNR Risk Risk adjustment Risk Risk adjustment
(balance) (movement) Current basis (movement) adjustment (movement) adjustment (movement)
PAA and BBA PAA and BBA Current basis (balance) BBA BBA (balance) PAA PAA

Inception --- - 2 400 2 400 - -
1 250 2 365 (35) 165 165
April 1 050 1 050 1 250 2 175 175
100 1 960 (190) 160 10
May 950 (100) 1 350 250 1 850 (215) 250 (15)
150 1 675 (110) 275
June 1 000 50 1 600 300 1 475 (175) 275 90
1200 (200) 200 25
July 950 (50) 1 750 - 1 010 (275) 210
150 (190) 258 -
August 1 050 100 2 050 250 858 (153) 193 (75)
150 593 (265) 163
September 850 (200) 2 050 (50) 363 (230) 165 10
250 165 (198) 48
October 800 (50) 2 200 150 (165) - (65)
(2 950) - (30)
November 850 50 2 450
3
December 800 (50) 2 600 (165)

January 550 (250) 2 550

Februaury 600 50 2 800

March 550 (50) 2 950

Run off claims - (550) -