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INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | 6 Months Ended
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Sep. 30, 2024
Insurance [Abstract] |
INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES | INSURANCE CONTRACTS ASSETS AND LIABILITIES FROM INSURANCE ACTIVITIES As of September 30, 2024, and March 31, 2024, assets from insurance activity of the Group were comprised the following:
| September 30, 2024 |  | March 31, 2024
Assets: |  |  |
Amounts due from policyholders | $ | 14,783 |  |  | $ | 10,260 |
Amounts due from reinsured | 4,080 |  |  | 2,274 |
Claims receivable from reinsurance | 2,004 |  |  | 1,400 |
Advances received from agent | 710 |  |  | 3,231 |
Allowance for estimated uncollectible reinsurance | (755) |  |  | (1,045) |
Insurance and reinsurance receivables | 20,822 |  |  | 16,120 |
Unearned premium reserve, reinsurers’ share | 1,993 |  |  | 4,770 |
Reserves for claims and claims’ adjustment expenses, reinsurers’ share | 2,167 |  |  | 4,032 |
Total assets from insurance activity | $ | 24,982 |  |  | $ | 24,922 |
As of September 30, 2024, and March 31, 2024, liabilities from insurance activity of the Group were comprised the following:
| September 30, 2024 |  | March 31, 2024
Liabilities: |  |  |
Amounts payable to agents and brokers | $ | 9,875 |  |  | $ | 6,334 |
Amounts payable to insurers | 3,935 |  |  | 4,294 |
Amounts payable to reinsured | 1,140 |  |  | 2,771 |
Insurance and reinsurance payables: | 14,950 |  |  | 13,399 |
Unearned premium reserve | 74,063 |  |  | 60,088 |
Reserves for claims and claims’ adjustment expenses | 275,143 |  |  | 223,693 |
Total liabilities from insurance activity | $ | 364,156 |  |  | $ | 297,180 |
As of September 30, 2024, and March 31, 2024, liabilities from insurance activity increased mainly 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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