PET - Plain English Taxonomy

Attribute:	CS22637
Concept:	Income Insurance Written Premium Revenue Amount
Label:	Gross Written Insurance Premium
Concept Guidance:	This is the value of written insurance premium revenue, recognised during the relevant period, as determined in accordance with relevant accounting standards. This item includes any fire service levy or other levies imposed by state and territory governments.Written premium is an accounting term in the insurance business used to describe the total premiums on policies issued by an insurance company during a specific period of time regardless of what portions have been earned. Written premiums are the amount of premium charged for a policy that has already become effective.

Dimensions

Dimension	Member	Description
ClassOfBusinessDimension	(DirectBusiness)	This dimension is used to categorise information according to business activity. Report where the class of business relates to direct insurance contracts.Insurance contracts are classified as 'direct' when the reporting party has a contract directly with a policyholder that is not an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs.
ReinsuranceExpenseValueTypeDimension	(Gross)	This dimension identifies the valuation scenario, in relation to reinsurance expenses, 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.
ReportingDateOffsetDimension	(RDMinus12M)	This dimension is used to report information based on an offset period relative to the reporting date. The date(s) relating to the reported information is/are exactly 12 months prior to the date(s) of the reporting period.For example, where the reporting date is 30 June XXX1, the information reported is as at 30 June XXX0.Where the reporting period is 1 January XXX1 to 30 June XXX1, the information reported relates to the period 1 January XXX0 to 30 June XXX0.