Financial Innovation

Table 16 The mean and standard deviation of aggregated unpaid losses

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

Year	Mean	Standard deviation
2017	4,327,631	228,720
2018	3,377,409	217,264
2019	2,756,007	191,977
2020	2,074,649	148,614
2021	1,430,696	97,908
2022	928,144	67,849
2023	595,105	46,881
2024	378,197	32,681
2025	244,382	22,777
2026	164,492	17,329
2027	107,906	10,548
2028	65,280	6272
2029	34,053	2904
2030	15,908	1483
Discounted total	15,336,464	445,304

All amounts are in thousands in Canadian dollars

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