PET - Plain English Taxonomy

Attribute: BSAO18622
Concept:
Label: Non-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 non-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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