PET - Plain English Taxonomy

Attribute: R13124
Concept:
Label: Reinsurance Expense
Concept Guidance:
This is the value of the full cost of reinsurance entered into during the relevant period. The full cost of reinsurance entered into during the relevant period includes both reinsurance costs recognised as an expense in the relevant period and reinsurance costs deferred for recognition in future periods. 
Dimensions
Dimension Member Description
(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.
(NewZealand)
This dimension categorises the reported information according to where items of income/expense are on risk, assets are invested and liabilities are located.
The country is New Zealand