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(AccidentYr4to5Prev) |
This dimension is used to categorise reported insurance information based on the accident year to which the data relates.Accident year refers to the financial year of the insurer that the losses/claims are incurred. For example, the 2007 accident year for an insurer with a balance date of 30 June will relate to claims with dates of loss (regardless of notification date) occurring between 1 July 2006 and 30 June 2007.
The insurance information reported is in relation to the accident years from four to five years previous to the current accident year.Accident year refers to the financial year of the insurer that the losses/claims are incurred. For example, the 2007 accident year for an insurer with a balance date of 30 June will relate to claims with dates of loss (regardless of notification date) occurring between 1 July 2006 and 30 June 2007.
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(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.
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This dimension categorises reported data according to predefined product groups.
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(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.
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(UWYr4to5Prev) |
This dimension is used to categorise reported insurance information based on the underwriting year to which the data relates.Underwriting year refers to the financial year of the insurer in which the insurance policy incepts, regardless of when the premiums and claims are actually reported, booked or paid. For example, the 2005 underwriting year for an insurer with a 30 June balance date includes premiums and claims (both paid and outstanding) attaching to policies incepting in the period 1 July 2005 to 30 June 2006. For an insurer with a 31 December balance date, the 2005 underwriting year includes premiums and claims (both paid and outstanding) attaching to policies incepting in the period 1 January 2005 to 31 December 2005.
The insurance information reported is in relation to the underwriting years from four to five years previous to the current underwriting year.Underwriting year refers to the financial year of the insurer in which the insurance policy incepts, regardless of when the premiums and claims are actually reported, booked or paid. For example, the 2005 underwriting year for an insurer with a 30 June balance date includes premiums and claims (both paid and outstanding) attaching to policies incepting in the period 1 July 2005 to 30 June 2006. For an insurer with a 31 December balance date, the 2005 underwriting year includes premiums and claims (both paid and outstanding) attaching to policies incepting in the period 1 January 2005 to 31 December 2005.
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