PET - Plain English Taxonomy

Attribute: R13132
Concept:
Label: Claims Expense Relating to Current and Prior Years
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
(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.
(Australia)
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 Australia