Part The purpose of this form is to provide i - Financial Sector (Collection of Data) determination No. 16 of 2005 - The purpose of this form is to provide information on premium liabilities by class of business, which supports the summarised underwriting result disclosed in GRF 310.0 Statement of Financial Performance (underwriting and profit and loss account). Specifically this form reports:

The purpose of this form is to provide iThe purpose of this form is to provide information on premium liabilities by class of business, which supports the summarised underwriting result disclosed in GRF 310.0 Statement of Financial Performance (underwriting and profit and loss account). Specifically this form reports:

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The purpose of this form is to provide information on premium liabilities by class of business, which supports the summarised underwriting result disclosed in GRF 310.0 Statement of Financial Performance (underwriting and profit and loss account). Specifically this form reports:

Premium liabilities by class of business (direct business and Reinsurance);
Total premium liabilities split between:

insurance business directly written (directly by the insurer and by inward reinsurance);
business received or written indirectly through underwriting pools or joint ventures; and
portfolio transfers to the accepting insurer;

Central estimate of premium liabilities gross of expected/deferred reinsurance and non reinsurance recoveries;
Risk margin for premium liabilities (in accordance with GPS 210 Liability Valuation of General Insurers) gross of expected reinsurance and non reinsurance recoveries;
The component of premium liabilities that are classified as current liabilities for financial reporting purposes (must align with the aggregate disclosure in GRF 300.0 Statement of Financial Position).
The component of premium liabilities that are classified as non-current liabilities for financial reporting purposes (must align with the aggregate disclosure in GRF 300.0 Statement of Financial Position).

The value of the Premium Liabilities and the expected reinsurance recoveries that are included in this form must be measured in accordance with GPS 210 Liability Valuation of General Insurers.