PET - Plain English Taxonomy

Attribute:	R12252
Concept:	Assets Loans And Receivables Insurance Recoveries Not Reinsurance Premiums Liabilities Prudential Amount
Label:	Central Estimate of Non- Reinsurance Recoveries
Concept Guidance:	This is the value, as at the relevant date, of the central estimate of recoveries, other than reinsurance recoveries, receivable by the reporting entity associated with the premiums liabilities. This item is to be determined in accordance with relevant prudential standards. The central estimate will be measured as the present value of the future expected recoveries except from reinsurance, i.e. discounted for future investment income, determined in accordance with relevant prudential standards. The central estimate is intended to reflect the mean value in the range of possible values for the outcome (that is, the mean of the distribution of probabilistic outcomes), and so does not include any risk margin.

Dimensions

Dimension	Member	Description
AssetImpairmentValueTypeDimension	(Gross)	This dimension categorises the reported data according to the accounting valuation scenario, in relation to impairment, under which the reported value was calculated. The information reported is in relation to the value that has been calculated before allowing for any adjustment to the value of the asset or liability in accordance with treatment permitted under accounting standards or prudential standards.
BasisOfPreparationDimension	(Prudential)	This dimension represents the basis used for the reported information. This information relates to the prudential basis of preparation.
ClassOfBusinessDimension	(ReinsuranceBusiness)	This dimension is used to categorise information according to business activity. Report where the class of business relates to reinsurance contracts.Reinsurance contracts are insurance contracts where the policyholder is an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs.
InsuranceBusinessLocationDimension	(AustralianBusiness)	This dimension categorises the reported data according to the business locations determined in accordance with the relevant prudential standards. The information reported is in relation to insurance business carried on (whether in Australia or elsewhere) by any Level 1 insurer within the group, or for entities which are not insurers within the Level 2 insurance group, business related to an entity incorporated in Australia.
ProductGroupDimension	(OI11464)	This dimension categorises reported data according to predefined product groups.