PET - Plain English Taxonomy

Attribute:	PL17473
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.
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	(AsiaPacific)	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 Asia Pacific.
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.