PET - Plain English Taxonomy

Attribute: BSAO22580
Concept:
Label: Net amount of other reinsurance assets receivable
Concept Guidance:
This is a balancing item in the list in which it is being used.                                                                                                                                            This is the value, as at the relevant date, of any asset recognised by the reporting party that relates to reinsurance,  where the reinsurer has complied with the threshold levels of reinsurance documentation set out in the relevant prudential standards, other than those relating to:                                                                                                                                                    - Reinsurance recoverables, being any amounts due to the reporting party under a reinsurance arrangement that arise from the recognition of Outstanding Claims Liabilities in accordance with capital and prudential standards;                                                                                                                                                    - Expected Reinsurance and Non Reinsurance Recoveries, being any amounts due to the reporting party, whether under a reinsurance arrangement or not, that arise from the recognition of Premiums Liabilities in accordance with capital and prudential standards; or                                                                                                                                                    - Deferred Reinsurance Expense, as determined in accordance with accounting standards. 
Dimensions
Dimension Member Description
(Grade1Other)
This dimension categorises the reported information according to the grade of the counterparty as defined in the relevant prudential standards.
The counterparty in relation to the information is categorised as grade 1 other than Commonwealth or foreign government, in accordance with relevant prudential standards.
(Grade1)
This dimension categorises investments of the reporting entity according to the long-term and short-term credit rating grades of the counterparty as determined by various rating agencies.Long-term ratings. Rating Grade1: Standard & Poor's AAA; Moody's Aaa; AM Best Debt aaa; AM Best FSR A++; Fitch AAA;Rating Grade2: Standard & Poor's AA+, AA, AA-; Moody's Aa1, Aa2, Aa3; AM Best Debt aa+, aa, aa-; AM Best FSR A+; Fitch AA+, AA, AA-;Rating Grade3: Standard & Poor's A+, A, A-; Moody's A1, A2, A3; AM Best Debt a+, a, a-; AM Best FSR A, A-; Fitch A+, A, A-;Rating Grade4: Standard & Poor's BBB+, BBB, BBB-; Moody's Baa1, Baa2, Baa3; AM Best Debt bbb+, bbb, bbb-; AM Best FSR B++, B+; Fitch BBB+, BBB, BBB-;Rating Grade5: Standard & Poor's BB+, BB, BB- ; Moody's Ba1, Ba2, Ba3; AM Best Debt bb+, bb, bb-; AM Best FSR B, B-; Fitch BB+, BB, BB-;Rating Grade6: Standard & Poor's B+, B, B- ; Moody's B1, B2, B3; AM Best Debt b+, b, b-; AM Best FSR C++, C+, C, C-; Fitch B+, B, B-;Rating Grade7: Standard & Poor's Below B-; Moody's Below B3; AM Best Debt Below b-; AM Best FSR Below C-; Fitch CCC or Below;Short-term ratings.Rating Grade1: Standard & Poor's A+, AM Best AMB-1+; Fitch F1+;Rating Grade2: Standard & Poor's A1; Moody's P1; AM Best AMB-1; Fitch F1;Rating Grade3: Standard & Poor's A2; Moody's P2; AM Best AMB-2; Fitch F2;Rating Grade4: Standard & Poor's A3; Moody's P3; AM Best AMB-3; Fitch F3;Rating Grade6: Standard & Poor's B; Moody's NP Vulnerable; AM Best AMB-4; Fitch B;Rating Grade7: Standard & Poor's C; Moody's NP Currently Vulnerable; Fitch C;
The counterparty in relation to the reported information has a rating grade of 1.
(ReinsurerNotAPRAapproved)
This dimension categorises the reported information in accordance with the type of counterparty the entity has transacted with.
The counterparty in relation to the information is a Reinsurer that has not been approved by APRA.