Label: |
Current Assets - Recoverables on Reinsurance Contracts Net |
Concept Guidance: |
This is the value, as at the relevant date, net of provisions for doubtful debts, of reinsurance recoverables, that are current, in relation to reinsurance contracts on paid and unpaid insurance claims against the reporting party. Reinsurance recoverables are any amounts due to the reporting party from a reinsurer that arise from the recognition of Outstanding Claims Liabilities in accordance with relevant prudential standards.
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