Specific instructionsSpecific instructions

Specific instructions

Actuarial services

If actuarial services were used to complete this form input ‘Yes’, otherwise input ‘No’.

Classes of insurance business (1)

Level 2 insurance groups are required to report financial data on both Australian business[6] and international business[7].

Diversification will be the primary adjustment made on a group basis that affects the insurance risk capital charge and should be recognised in the risk margin for each class of business. The totals at the end of the form, i.e. table 5, may take into account other group adjustments.

Australian business

As outlined in the Introduction, Australian business is to be reported by class in:

Table 1: Direct business; and

Table 3: Reinsurance business.

A Level 2 insurance group may apply to APRA for a reporting adjustment under paragraph 3(b) of GRS 210.0_G to report Australian business as a single region. If the reporting adjustment is in place, the Level 2 insurance group must not complete this form, and instead complete GRF 210.0B_G.

International business (1)

As outlined in the Introduction, for international regions, class of business data is not reported in this form. Level 2 insurance groups, however, will be required to map their international business to the Australian classes of business as defined in GPS 001 in order to assign an insurance risk capital charge and provide a reporting supplement to APRA.

Note: Diversification adjustments on international business should be recognised in the risk margin for each geographical region.

Table 1: Direct business (Australian business by class)

The classes of Australian business for Level 2 insurance groups are to be reported according to the classes defined in GPS 001.

Table 2: Direct business (International)

The sum of the classes of business for each international region is to be entered into the form.