Financial Sector (Collection of Data) (reporting standard) determination No. 120 of 2023
Table 14: Actual Quarterly Loss Ratio CoTable 14: Actual Quarterly Loss Ratio Components — All Benefits — All Business
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Table 14: Actual Quarterly Loss Ratio Components – All Benefits – All Business
Reporting basis
This section relates to:
life insurers only;
non-participating benefits and participating benefits; and
all business.
Report this table for each statutory fund
Report the actual quarterly loss ratio components.
Report this table on a quarterly basis only.
For death, TPD and trauma related data items, insurers may apply allocations to report the items.
Units of measurement
Report the dollar values in this table in whole Australian dollars.
Report all items (including premium related numbers) as positive numbers unless otherwise stated.
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | Life Company Fund Name | Free text | Report the name of life company fund. |
| 2 | APRA Product Group | L3. Individual death - stepped premiumL4. Individual total and permanent disability - stepped premiumL5. Individual trauma - stepped premiumL6. Individual disability income insurance - stepped premiumL7. Individual death - otherL8. Individual total and permanent disability - otherL9. Individual trauma - otherL10. Individual disability income insurance - otherL11. Group deathL12. Group total and permanent disabilityL13. Group traumaL14. Group disability income insurance | Report APRA product group. |
| 3 | Insurance Benefit Type | Non-participating benefitsParticipating benefits | Report insurance benefit type. |
| 4 | Actual Gross Premiums Accrued | Whole dollars | Report actual gross premiums accrued amount. |
| 5 | Actual Gross Claims Incurred | Whole dollars | Report actual gross claims incurred amount. |
| 6 | Actual Net Premiums Accrued | Whole dollars | Report actual net premiums accrued amount. |
| 7 | Actual Net Claims Incurred | Whole dollars | Report actual net claims incurred amount. |