PET - Plain English Taxonomy

Label: Expense Insurance Underwriting Total Amount
TREF ID: DE13044
Data Type: xbrli:monetaryItemType
Period Type: duration
Balance Type: debit
Business Description & Guidance:
This is the value, during the relevant period, for the relevant period, of any underwriting expenses. This item is determined in accordance with the relevant Accounting Standards. Underwriting expenses includes:- acquisition costs and the results of liability adequacy tests;- levies and charges; and- commission expense (and commission revenue reported as negative). Acquisition costs are incurred in obtaining and recording insurance contracts. They include commission or brokerage paid to agent or brokers for obtaining business for the insurer, selling and underwriting costs such as advertising and risk assessment, the administrative costs of recording policy information and premium collection costs.Liability adequacy test means an assessment of whether the carrying amount of an insurance liability needs to be increased (or the carrying amount of the related deferred acquisition costs or related intangible assets decreased) based on a review of future cash flows. 

Form Labels
Total Underwriting Expense
Total Underwriting Expense