PET - Plain English Taxonomy

Attribute:	CS25514
Concept:	Financial Risk Capital Adequacy Premium Increase Assumed Central Projection Percent
Label:	Percentage premium increase assumed central estimate projection
Concept Guidance:	This is the percentage, during the relevant period, for the premium increase assumed in the central estimate projection. This is calculated consistent with the pricing methodology prescribed in the relevant Act.
Form-Specifc Guidance:	This formula is - (FCI with premium changes - FCI without premium changes) / FCI without premium changes where FCI is the forecast contribution income for the insurer for the 12 month period following the implementation of the changes, excluding forecast changes in membership, and excluding rate protection. Enter the assumed premium increase that would apply in the relevant month after the projection date (and only enter it in that month).

Dimensions

Dimension	Member	Description
BusinessTypeDimension	(HealthInsuranceBusiness)	This dimension categorises the reported data according to the type of business. The information reported is in relation to the health insurance business (HIB) only.
ForecastPeriodDimension	(Month3)	This dimension categorises the reported data according to the forecast period at each point of time in the future. The information reported relates to items where the forecast period is 3 months after the reporting date.
ProbabilisticOutcomesDimension	(CentralEstimate)	This dimension categorises the reported data according to the distribution of probabilistic outcomes. The information relates to the Central Estimate, determined in accordance with relevant prudential standards. The central estimate is intended to reflect the mean value in the range of possible values for the outcome (that is, the mean of the distribution of probabilistic outcomes). This does not include any risk margin.