PET - Plain English Taxonomy

Attribute: R13413
Concept:
Label: Reinsurance recoverables
Concept Guidance:
This is the value, as at the relevant date, of reinsurance recoverable. Reinsurance recoverables are any amounts due to the reporting entity from a reinsurer determined in accordance with relevant prudential standards. 
Dimensions
Dimension Member Description
(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.
(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.
(ThirdEvent)
This dimension categorises the reported information by the impact from the occurrence of multiple natural peril events of a certain size.
The reported information relates to the impact from the occurrence of the third natural perils event of a certain size, determined in accordance with relevant prudential standards.
(Gross)
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 before allowing for the relevant adjustments.