Financial Sector (Collection of Data) determination No. 16 of 2005
Non Reinsurance RecoveriesNon Reinsurance Recoveries
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Non Reinsurance Recoveries
For each line of business report the Expected Non Reinsurance Recoveries that are related to the premium liabilities that are recognised and calculated in accordance with GPS 210 Liability Valuation of General Insurers.
Total Premium Liabilities net of Expected Reinsurance Recoveries and Non-reinsurance Recoveries
The following calculates the Total Premium Liabilities net of Expected Reinsurance Recoveries and Non-reinsurance Recoveries:
- Total Gross Premium Liabilities - Gross of Expected reinsurance and Non reinsurance recoveries; less
- Expected Reinsurance Recoveries; less
- Expected Non Reinsurance Recoveries.
Do not enter a value as this is automatically calculated by the form.
Premium Liabilities Gross of Expected Reinsurance Recoveries Classified as – Current Liabilities
For the total of Direct business and reinsurance business, report the component of the premium liabilities valuation that can be classified by the insurer as a current liability.
The total of this column (Current Liabilities) does not necessarily have to equate to the total of Premium Liabilities disclosed as a current liability in GRF 300.0 Statement of Financial Position. This will be the case (i.e. not equal) where the insurer as provided for Premium Liabilities in excess of that valuation required by GPS 210 Liability Valuation of General Insurers (the value which is required to be reported in this form).
Premium Liabilities Gross of Expected Reinsurance Recoveries Classified as – Non-current Liabilities
For the total of Direct business and Reinsurance business, report the component of the premium liabilities valuation that can be classified by the insurer as a non-current liability.
The total of this column (Non-Current Liabilities) does not necessarily have to equate to the total of Premium Liabilities disclosed as a non-current liability in GRF 300.0 Statement of Financial Position. This will be the case (i.e. not equal) where the insurer as provided for Premium Liabilities in excess of that valuation required by GPS 210 Liability Valuation of General Insurers (the value which is required to be reported in this form).