PET - Plain English Taxonomy

Attribute:	PL17453
Concept:	Expense Insurance Claims Payments Amount
Label:	Insurance Claims Expense
Concept Guidance:	This is the value of insurance claim payment expenses recognised during the relevant period. This item is to be determined in accordance with relevant accounting standards.

Dimensions

Dimension	Member	Description
ClaimsExpensePeriodDimension	(NonRecurring)	This dimension identifies the relevant period under which the reported claims expense value was recognised. The information reported represents claim expenses for the period other than current period, calculated as per the relevant reporting framework. For this purpose current period refers to current accident year and it should align with the insurer's current financial year.
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.
RecoveriesValueTypeDimension	(Net)	This dimension identifies the valuation scenario, in relation to recoveries, under which the reported value was calculated. The information reported is in relation to the value of the asset or liability after allowing for the relevant adjustments.