Financial Sector (Collection of Data) (reporting standard) determination No. 22 of 2009 - GRS 210.0_G (2009) - Outstanding Claims Liability - Insurance Risk Charge
Objective of this reporting standardObjective of this reporting standard
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Objective of this reporting standard
This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act). It requires Level 2 insurance groups to report to APRA, generally on a semi-annual and annual basis, in relation to their outstanding claims liabilities.
This reporting standard outlines the overall requirements for the provision of this information to APRA. It should be read in conjunction with:
- Form GRF 210.0_G Outstanding Claims Liability – Insurance Risk Charge (Form GRF 210.0_G) and the instructions to that form (which are attached and form part of this reporting standard); and
- any prudential standards referenced in the attached instructions.