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20. COMMITMENTS AND CONTINGENCIES

Commitments

The Company’s commitments include operating lease commitments and certain non-cancellable contractual commitments. The Company’s motor vehicles, computers and office equipment are supplied through operating leases. The future contractual aggregate minimum lease payments under non-cancellable operating leases and other commitments are as follows:

2016 Operating leases and other commitments
(in thousands of dollars) 2016 2015
Within 1 year $ 39,666 $ 40,613
Later than 1 year but not later than 5 years   52,078   55,259
Later than 5 years   12,966   13,919

Operating lease payments included in “Operating expenses” in the consolidated statement of comprehensive income during 2016 were $18.1 million (2015: $17.5 million).

Total future minimum sublease income under non-cancellable subleases amounted to $1.4 million (2015: $2.4 million).

Under certain circumstances, the Company may be required to acquire outstanding share ownership of various strategically aligned brokers in accordance with the terms of the Company’s contracts with those brokers.

Contingencies

In addition to litigation relating to claims made in respect of insurance policies written, the Company is subject to other litigation arising in the normal course of conducting its business. The Company is of the opinion that this non-claims litigation will not have a significant effect on its financial position, results of operations, or cash flows. The Company’s process for ensuring appropriate provisions are recorded for reported and unreported claims is discussed in note 8.