PET - Plain English Taxonomy

Label: Assets Loans And Receivables Insurance Recoveries Not Reinsurance Outstanding Claims Liability Central Estimate Amount
TREF ID: DE12997
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: credit
Business Description & Guidance:
This is the value, as at the relevant date, of the central estimate of recoveries, other than reinsurance recoveries, receivable by the reporting entity in relation to outstanding (unpaid) claims. This item is to be determined in accordance with relevant prudential standards. Recoveries to be included at this item include salvage, subrogation, and input tax credit recoveries, amongst others.The central estimate will be measured as the present value of the future expected recoveries except from reinsurance, i.e. discounted for future investment income, 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), and so does not include any risk margin. 

Usage
Form Labels
Label:
Non Reinsurance Recoveries
Label:
Non Reinsurance Recoveries
Label:
Non Reinsurance Recoveries