PET - Plain English Taxonomy

Attribute:	PL15435
Concept:	Expense Insurance Claims Gross Amount
Label:	Gross Insurance Claims Expense
Concept Guidance:	This is the value of insurance claims expense recognised during the relevant period, gross of any associated insurance recoveries. This item is to be determined in accordance with relevant accounting standards.This item is calculated as the sum of paid claims and the movement in outstanding claims liabilities over the relevant period.

Dimensions

Dimension	Member	Description
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.
EliminationBasisDimension	(InterRegional)	This dimension categorises the reported data according to transactions that must be removed to eliminate double counting. The information reported is in relation to inter-regional transactions that must be eliminated in accordance with the relevant Prudential Standard.

Dimension

Member

Description

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.

EliminationBasisDimension

(InterRegional)

This dimension categorises the reported data according to transactions that must be removed to eliminate double counting.
The information reported is in relation to inter-regional transactions that must be eliminated in accordance with the relevant Prudential Standard.