PET - Plain English Taxonomy

Attribute:	R13401
Concept:	Financial Risk Whole Of Portfolio Loss Amount
Label:	Whole-of-portfolio loss
Concept Guidance:	This is the value, as at the relevant date, of whole-of-portfolio loss, as determined in accordance with relevant prudential standards. Whole-of-portfolio loss is the loss arising from the occurrence of a single event where that loss is not less than the whole-of-portfolio annual loss with a probability of occurrence stated in the relevant prudential standards.

Dimensions

Dimension	Member	Description
InsuranceConcentrationRiskChargeMethodDimension	(NaturalPerilsVerticalRequirements)	This dimension categorises the reported information based on the methods used to calculate insurance concentration risk charge, as determined in accordance with relevant prudential standards. The reported information relates to the natural perils vertical requirement method used to calculate insurance concentration risk charge and is determined in accordance with relevant prudential standards.Natural perils are all natural events, such as earthquakes, storms and cyclones as well as man-made disasters, such as bushfires, that affect property risks and other classes of business to which an insurer is exposed to.Vertical requirement refers to the impact of a single large event.
ReinsuranceRecoveriesValueTypeDimension	(Net)	This dimension identifies the valuation scenario, in relation to expected reinsurance recoveries, under which the reported value was calculated. The information reported is in relation to the value of the asset or liability after allowing for the relevant adjustments.

Dimension

Member

Description

InsuranceConcentrationRiskChargeMethodDimension

(NaturalPerilsVerticalRequirements)

This dimension categorises the reported information based on the methods used to calculate insurance concentration risk charge, as determined in accordance with relevant prudential standards.
The reported information relates to the natural perils vertical requirement method used to calculate insurance concentration risk charge and is determined in accordance with relevant prudential standards.Natural perils are all natural events, such as earthquakes, storms and cyclones as well as man-made disasters, such as bushfires, that affect property risks and other classes of business to which an insurer is exposed to.Vertical requirement refers to the impact of a single large event.

ReinsuranceRecoveriesValueTypeDimension

(Net)

This dimension identifies the valuation scenario, in relation to expected reinsurance recoveries, under which the reported value was calculated.
The information reported is in relation to the value of the asset or liability after allowing for the relevant adjustments.