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(NaturalPerilsHorizontalRequirement) |
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 horizontal 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. Horizontal requirement refers to the impact of a multiple small events with a cumulative high impact.
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(H4) |
This dimension categorises the reported information by the extent/level of loss caused by a natural perils event. The reported information relates to four times loss caused by a natural perils event.
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(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.
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