Claim reserving for insurance contracts in line with the International Financial Reporting Standards 17: a new paid-incurred chain approach to risk adjustments

Financial Innovation

Table 10 Mean and standard deviation for unpaid losses in future years

Year	Bodily injury		Direct compensation		Accident benefit
Year	Mean	Standard deviation	Mean	Standard deviation	Mean	Standard deviation
2017	1,859,772	68,810	178,005	9092	2,289,854	176,144
2018	1,814,231	76,725	2597	762	1,560,580	161,249
2019	1,612,904	79,329	661	651	1,142,443	132,493
2020	1,256,094	72,209	195	634	818,360	92,599
2021	852,082	54,877	115	504	578,499	53,822
2022	515,216	37,449	− 16	187	412,944	37,980
2023	295,915	24,583	− 118	139	299,307	27,513
2024	164,874	15,212	− 83	126	213,406	20,995
2025	97,402	13,584	− 35	50	147,015	11,728
2026	56,199	9201	− 3	44	108,296	10,062
2027	32,468	4982	2	40	75,435	6710
2028	17,794	2121	15	40	47,471	4726
2029	8188	1697	− 1	10	25,866	1529
2030	3172	259	− 2	0	12,738	1310
Discounted total	7,976,162	217,601	177,179	8902	7,183,122	272,334