PET - Plain English Taxonomy

Attribute:	PL15964
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.
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	(EuropeAndUK)	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 both the United Kingdom and Europe.