Name: | InsuranceConcentrationRiskChargeMethodDimension |
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Label: | Insurance Concentration Risk Charge Method Dimension |
TREF ID: | DM552 |
Type: | Predefined |
Description: |
This dimension categorises the reported information based on the methods used to calculate insurance concentration risk charge, as determined in accordance with relevant prudential standards. |
Usage: |
Dimension Members
Name | Label | TREF ID | Description |
NaturalPerilsHorizontalRequirement | Natural Perils Horizontal Requirement | DV6168 |
The reported information relates to the natural perils horizontal requirement method used to calculate insurance concentration risk charge and is determined in accordance with relevant prudential standards. Natural perils are all natural events, such as earthquakes, storms and cyclones as well as man-made disasters, such as bushfires, that affect property risks and other classes of business to which an insurer is exposed to. Horizontal requirement refers to the impact of a multiple small events with a cumulative high impact. |
NaturalPerilsVerticalRequirements | Natural Perils Vertical Requirements | DV6166 |
The reported information relates to the natural perils vertical requirement method used to calculate insurance concentration risk charge and is determined in accordance with relevant prudential standards.Natural perils are all natural events, such as earthquakes, storms and cyclones as well as man-made disasters, such as bushfires, that affect property risks and other classes of business to which an insurer is exposed to.Vertical requirement refers to the impact of a single large event. |
OtherAccumulationsVerticalRequirement | Other Accumulations Vertical Requirement | DV6167 |
The reported information relates to exposures of losses arising from a common dependent source or non-natural perils (other accumulations), determined in accordance with relevant prudential standards. |