Page 135 - Continental Reinsurance 2022 Annual Report

43.1 Management of Insurance risk (continued) Notes to the Consolidated and separate financial statement - continued

The claims paid triangulations is presented below for the two businesses (i.e. Non-Life and Life) where triangulation methods were used. The triangulations is based on the Company's claims paid data as at 31 For the year ended 31 December 2022
December 2022 which formed the basis of the results of the actuarial valuation of the insurance contract claims liabilities carried out by Zamara for the Non-Life and Life businesses respectively.

Group

Non-life Claims development triangle

Underwriting Development
Year
0 1 2 3 4 5 6 78 9 10
=N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000

2012 4,451,644 9,985,455 12,842,525 13,825,738 14,290,418 14,312,341 14,418,681 14,580,719 14,606,511 14,647,223 14,790,539
2013 1,823,220 5,421,973 6,653,340 7,479,025 7,480,490 8,045,938 8,773,680 9,345,240 9,422,375 9,432,028
2014 2,435,117 5,925,737 7,393,371 7,668,849 7,791,117 8,077,857 9,247,552 9,592,811 9,619,945
2015 3,135,052 8,585,239
2016 3,181,320 10,564,375 10,192,342 10,990,201 12,507,399 12,821,512 12,875,607 13,011,322
2017 3,658,912 11,371,024 14,344,121 15,914,899 17,805,023 18,540,801 18,885,537
2018 3,919,116 12,244,149 14,853,764 16,628,259 17,863,575 19,043,549
2019 5,464,247 13,942,300 14,710,194 16,170,331 17,429,283
2020 4,259,685 15,109,372 18,482,310 20,457,967
2021 5,622,391 16,590,107 25,487,463
2022 5,736,461

Life Claims development triangle

Underwriting Development
Year
0 1 2 3 4 5 6 78 9 10
=N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000 =N='000

2012 - - - 13,801 15,255 17,345 17,900 18,015 18,036 18,078 18,078
2013 - - 89,327 115,135 80,242 84,757 85,472 98,303 98,303 98,303
2014 - 657,994 762,452 864,092 872,778 873,316 885,060 885,376 885,664
2015 737,317 1,378,730 1,786,882 1,870,075 1,876,003 1,886,431 1,889,900 1,891,695
2016 448,040 1,155,842 1,826,581 2,266,909 2,281,791 2,310,828 2,320,442
2017 558,843 1,650,353 1,803,809 1,880,104 1,903,871 1,907,886
2018 1,171,180 2,399,632 2,828,085 2,999,652 3,024,652
2019 739,976 1,594,707 2,140,160 2,160,247
2020 983,673 1,827,840 2,137,773
2021 1,064,559 2,738,658
2022 1,097,857

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