Attribute: | CS23253 |
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Concept: | |
Label: | Outstanding Claims Liabilities |
Concept Guidance: |
This is the value, as at the relevant date, of the outstanding claims liability (OCL), determined in accordance with relevant prudential standards. OCL relates to all claims incurred prior to the valuation date, whether or not they have been reported to the insurer. The value of the OCL must include an amount in respect of the expenses that the insurer expects to incur in settling these claims. The value of OCL must not include any Government charges directly imposed on the insurer such as levies, duties and taxes, but must be gross of input tax credit recoveries. |
Dimensions
Dimension | Member | Description |
(INFDownwards) |
This dimension categorises the reported information based on the impacts arising from the application of certain asset risk stresses. The reported information is contribution towards the change in capital base under the scenario considered. |
|
(LookThrough) |
This dimension categorises information reported based on the method which determines the details in which an investment is reported. I.e. Look-through or Non-look-through. |
|
(ProbabilityOfSufficiency) |
This dimension categorises the reported data according to the distribution of probabilistic outcomes. |
|
(Net) |
This dimension identifies the valuation scenario, in relation to recoveries, under which the reported value was calculated. |