PET - Plain English Taxonomy

Attribute:	PL15569
Concept:	Expense Insurance Reinsurance Prudential Amount
Label:	Outwards Reinsurance Expense
Concept Guidance:	This is the value of reinsurance expense recognised during the relevant period, as determined in accordance with the relevant prudential standards. Reinsurance expense represents the full costs of reinsurance entered into during the relevant period plus deferred reinsurance expense (DRE) at the beginning of the period, less deferred reinsurance expense (DRE) at the end of the relevant period.

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.
InsuranceBusinessLocationDimension	(InternationalBusiness)	This dimension categorises the reported data according to the business locations determined in accordance with the relevant prudential standards. The information reported is in relation to insurance business carried on by any entity within the Level 2 insurance group that is not authorised under the Act.
InsuranceGroupReportingRegionDimension	(NewZealandRegion)	This dimension categorises the reported data according to the region of those entities that are members of a Level 2 insurance group (as determined in accordance with prudential standards) and are incorporated outside Australia. The region is defined according to the regions which most appropriately reflect the business and/or operational segments of the entity. The information reported is in relation to the region of New Zealand.