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INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | 3 Months Ended
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Jun. 30, 2024
Insurance [Abstract] |
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES As of June 30, 2024, and March 31, 2024, insurance and reinsurance receivables of the Group was comprised of the following:
| June 30, 2024 |  | March 31, 2024
Assets: |  |  |
Amounts due from policyholders | $ | 9,624 |  |  | $ | 10,260 |
Amounts due from reinsured | 3,185 |  |  | 2,274 |
Advances received from agent | 1,602 |  |  | 3,231 |
Claims receivable from reinsurance | 1,541 |  |  | 1,400 |
Allowance for estimated uncollectible reinsurance | (1,168) |  |  | (1,045) |
Insurance and reinsurance receivables: | 14,784 |  |  | 16,120 |
Unearned premium reserve, reinsurers’ share | 4,929 |  |  | 4,770 |
Reserves for claims and claims’ adjustment expenses, reinsurers’ share | 5,236 |  |  | 4,032 |
Total | $ | 24,949 |  |  | $ | 24,922 |
As of June 30, 2024, and March 31, 2024, insurance and reinsurance payable of the Group was comprised of the following:
| June 30, 2024 |  | March 31, 2024
Liabilities: |  |  |
Amounts payable to agents and brokers | $ | 5,955 |  |  | $ | 6,334 |
Amounts payable to insurers | 3,983 |  |  | 4,294 |
Amounts payable to reinsured | 786 |  |  | 2,771 |
Insurance and reinsurance payables: | 10,724 |  |  | 13,399 |
Unearned premium reserve | 70,518 |  |  | 60,088 |
Reserves for claims and claims’ adjustment expenses | 239,152 |  |  | 223,693 |
Total | $ | 320,394 |  |  | $ | 297,180 |
As of June 30, 2024, and March 31, 2024, liabilities from insurance activity mainly changed due to the increase of reserves for claims and claim's adjustment expenses, unearned premium reserve 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/1943274/2147477363/944-310-50-3 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/1943274/2147477363/944-310-50-3 + Details
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