PET - Plain English Taxonomy

Attribute:	BSL19294
Concept:	Liabilities Insurance Discounting On Net Outstanding Claims Amount
Label:	Discount on Net Outstanding Claims
Concept Guidance:	This is the value of discounting on net outstanding claims. This includes the impact of discounting the net actuarial central estimate of outstanding claims (excluding claims handling expenses).

Dimensions

Dimension	Member	Description
ClassOfBusinessDimension	(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.
ReinsuranceClassificationDimension	(NonProportionalReinsurance)	This dimension relates to the types of reinsurance classification. This refers to either traditional forms of excess of loss reinsurance arrangements written on a treaty reinsurance arrangement basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer pays losses only above an agreed retention/deductible up to an agreed maximum limit.

Dimension

Member

Description

ClassOfBusinessDimension

(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.

ReinsuranceClassificationDimension

(NonProportionalReinsurance)

This dimension relates to the types of reinsurance classification.
This refers to either traditional forms of excess of loss reinsurance arrangements written on a treaty reinsurance arrangement basis or reinsurance written on an individual offer and acceptance basis; where the reinsurer pays losses only above an agreed retention/deductible up to an agreed maximum limit.