PET - Plain English Taxonomy

Attribute:	R12695
Concept:	Financial Risk Value Of Event Exposure Amount
Label:	Value of Event Exposure
Concept Guidance:	This is the value, as at the relevant date, of the event exposure based on the gross sum insured amounts for any one risk.

Dimensions

Dimension	Member	Description
BalanceTypeDimension	(ProbableMaximumLoss)	This dimension identifies the measurement scenario under which the reported value was calculated. The value reported is the Probable Maximum Loss (PML), as determined in accordance with relevant Prudential Standards.Probable Maximum Loss (PML) is the largest gross loss to which an insurer will be exposed (within the realms of possibility) due to a concentration of risk exposures, without any allowance for potential reinsurance assets.
ProductGroupDimension	(OI11116)	This dimension categorises reported data according to predefined product groups.

Dimension

Member

Description

BalanceTypeDimension

(ProbableMaximumLoss)

This dimension identifies the measurement scenario under which the reported value was calculated.
The value reported is the Probable Maximum Loss (PML), as determined in accordance with relevant Prudential Standards.Probable Maximum Loss (PML) is the largest gross loss to which an insurer will be exposed (within the realms of possibility) due to a concentration of risk exposures, without any allowance for potential reinsurance assets.

ProductGroupDimension

(OI11116)

This dimension categorises reported data according to predefined product groups.