PET - Plain English Taxonomy

Label: Expense Insurance Net Policy Liability Movement Amount
TREF ID: DE5346
Data Type: xbrli:monetaryItemType
Period Type: duration
Balance Type: debit
Business Description & Guidance:
This item is to be reported as the numerical result: Net Policy Liabilities at end of relevant period, less Net Policy Liabilities at beginning of relevant period; thus if net policy liabilities increased the result is an expense, while if they decreased the result is a negative expense. It is to be reported inclusive of inwards reinsurance and net of outwards reinsurance at beginning and end of relevant period. 

Usage
Form Labels
Label:
Guidance:
Increase/(decrease) in net policy liability
A number of adjustments to movement in net policy liabilities are required in order to obtain the relevant measure of profit or loss for the reporting period. The adjustments involve deposits/withdrawals, non-premium related fees for management services, and movements in the liabilities for deferred fee revenue and deferred acquisition cost. The end result of these adjustments is effective movement in net policy liabilities.
Label:
Movement in net policy liabilities