24 Net Insurance Income

Net Insurance Income

2017 2016
  AED’000 AED’000
Net insurance premiums earned  
Gross premiums written 211,088 152,941
Change in unearned premium provision

(16,203)

(22,187)

Premium income earned

194,885

130,754

Re-insurance premiums ceded (52,954) (37,886)
Change in re-insurance portion of unearned premium provision

7,568

5,174

Re-insurance premium ceded

(45,386)

(32,712)

149,499

98,042

   
Net insurance claims incurred  
Claims paid (112,669) (102,505)
Outstanding claims expenses (13,267) (10,723)
Movements in reserves (29,674) (4,281)
Claims recovered from re-insurers

35,608

29,956

(120,002)

(87,553)

Net insurance commission  
Insurance commission income 7,760 4,441
Insurance commission expense

(24,576)

(7,267)

(16,816) (2,826)
Net insurance income
12,681
7,663