PET - Plain English Taxonomy

Label: Assets Insurance Reinsurance Recoverables Paid Claims Net Amount
Data Type: xbrli:monetaryItemType
Period Type: instant
Balance Type: debit
Business Description & Guidance:
This is the value, as at the relevant date, of reinsurance recoverables, that is net of provisions for doubtful debts, in relation to reinsurance contracts for claims paid by the reporting party.Reinsurance recoverables are any amounts due to the reporting party under a reinsurance arrangement that arise from the recognition of Outstanding Claims Liabilities in accordance with capital and prudential standards. 

Form Labels
Amount recoverable from reinsurance contracts on paid claims, net of provisions for doubtful debts
Net reinsurance recoverable on paid claims overdue for more than 6 months - central estimate
The reported data represents at least 95 per cent of the sum of the regulated institution’s total central estimate of reinsurance recoverables (including recoverables on paid claims overdue for more than six months and recoverables outstanding from the second annual balance date after the event) and deferred reinsurance expense.