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Deferred Policy Acquisition Costs
12 Months Ended
Dec. 31, 2021
Deferred Policy Acquisition Costs Text Blcok [Abstract]  
DEFERRED POLICY ACQUISITION COSTS

10. DEFERRED POLICY ACQUISITION COSTS

 

2021

 

2020

 

2019

   

USD ‘000

 

USD ‘000

 

USD ‘000

Opening balance

 

55,172

 

 

41,713

 

 

36,404

 

Acquisition costs during the year

 

95,871

 

 

84,002

 

 

64,675

 

Charged to consolidated statement of income

 

(86,201

)

 

(70,543

)

 

(59,366

)

Ending balance

 

64,842

 

 

55,172

 

 

41,713