PET - Plain English Taxonomy

Attribute:	PL16260
Concept:	Expense Insurance Claims Payments Amount
Label:	Claim Payments 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.
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.
ProductGroupDimension	(OI10811)	This dimension categorises reported data according to predefined product groups.
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.