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INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | 12 Months Ended
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Mar. 31, 2024
Insurance [Abstract] |
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES As of March 31, 2024, and March 31, 2023, insurance and reinsurance receivables of the Group were comprised of the following:
| March 31, 2024 |  | March 31, 2023
Assets: |  |  |
Amounts due from policyholders | $ | 10,260 |  |  | $ | 9,699 |
Amounts due from reinsured | 2,274 |  |  | 555 |
Claims receivable from reinsurance | 1,400 |  |  | 1,087 |
Advances paid for reinsurance | 3,231 |  |  | — |
Less provision for impairment losses | (1,045) |  |  | (1,325) |
Insurance and reinsurance receivables: | 16,120 |  |  | 10,016 |
Unearned premium reserve, reinsurers’ share | 4,770 |  |  | 2,379 |
Reserves for claims and claims’ adjustment expenses, reinsurers’ share | 4,032 |  |  | 1,390 |
Total | $ | 24,922 |  |  | $ | 13,785 |
As of March 31, 2024, and March 31, 2023, the premium receivables from policyholders increased due to the expansion of operations. As of March 31, 2024, and March 31, 2023, insurance and reinsurance payables of the Company was comprised of the following:
| March 31, 2024 |  | March 31, 2023
Liabilities: |  |  |
Amounts payable to agents and brokers | $ | 6,334 |  |  | $ | 2,466 |
Amounts payable to reinsurers | 4,294 |  |  | 2,002 |
Amounts payable to insured | 2,771 |  |  | 1,807 |
Insurance and reinsurance payables: | 13,399 |  |  | 6,275 |
Unearned premium reserve | 60,088 |  |  | 43,082 |
Reserves for claims and claims’ adjustment expenses | 223,693 |  |  | 133,145 |
Total | $ | 297,180 |  |  | $ | 182,502 |
As of March 31, 2024, and March 31, 2023, liabilities from insurance activity mainly changed due to the increase of reserves for claims and claim's adjustment expenses, unearned premium reserve and the amount payable to agents and brokers as a result of the expansion of operations.

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- Definition The entire disclosure for the types of coverages and products sold, and the assets, obligations, recorded liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479838/944-20-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//944/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c)(4)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479584/944-310-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 310 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c)(4)(iv) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479584/944-310-50-3 + Details
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