PET - Plain English Taxonomy

Attribute:	BSL17470
Concept:	Liabilities Insurance Incurred But Not Reported Gross Reinsurance Recoveries And Net Non Reinsurance Recoveries Amount
Label:	Gross IBNR/IBNER
Concept Guidance:	This is the value of gross claims incurred but not reported (IBNR)/incurred but not enough reported (IBNER) included in the outstanding claims provision as at the relevant date.For the purposes of this item, the IBNR/IBNER must be reported: - as the balance outstanding at the relevant date; - inflated and undiscounted; - gross of reinsurance recoveries; - net of non-reinsurance recoveries; - excluding claims handling expenses; and - as the central estimate only (i.e. do not include a risk margin).

Dimensions

Dimension	Member	Description
AccidentYearDimension	(OI10817)	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.
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.
ContractArrangementDimension	(OI10811)	This dimension is used to categorise reported information according to the arrangements under the contract to which the data relates.
ProductGroupDimension	(OI10811)	This dimension categorises reported data according to predefined product groups.