Page 217 - Exim iar24_Ebook

EXIM BANK MALAYSIA ANNUAL REPORT 2024

7 FINANCIAL STATEMENTS 215
NOTES TO THE FINANCIAL STATEMENTS

43. INSURANCE RISKS (cont’d)
Claim liability sensitivity analysis (cont’d)
b. Change in claims severity

Changing the claims severity by 10% will give the following results.
2024 2023
Net Net
RM’000 RM’000 RM’000 RM’000
High Low High Low
+10% -10% +10% -10%
Estimated LIC 22,023 21,893 26,884 26,763

c. Change in Claims Handing Expenses (“CHE”)

Changing the CHE by 10% will give the following results.
2024 2023
Net Net
RM’000 RM’000 RM’000 RM’000
High Low High Low
+10% -10% +10% -10%
Estimated LIC 21,958 21,958 26,824 26,823

d. Change in risk adjustment

Changing the risk adjustment by 10% will give the following results.
2024 2023
Net Net
RM’000 RM’000 RM’000 RM’000
High Low High Low
+10% -10% +10% -10%
Estimated LIC 22,055 21,861 27,360 26,287

2024 2023
Net Net
RM’000 RM’000
Estimated Liabilities for Remaining Coverage (“LRC”) 2,885 4,764

Liability for remaining coverage

a. Change in claim frequency
Changing the claim frequency by 10% will give the following results.
2024 2023
Net Net
High Low High Low
+10% -10% +10% -10%
Estimated LRC 2,892 2,878 4,767 4,762