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Financial Sector (Collection of Data) (reporting standard) determination No. 62 of 2023
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Reporting Standard GRS 111.0.G
Adjustments and Exclusions
General instructions
Reporting tables
Tables in this reporting standard list each of the data fields required to be reported. The data fields are listed sequentially in the column order that they will appear in the reported data set. Constraints on the data that can be reported for each field have also been provided.
Definitions
Terms in bold italics are defined in this Definitions section of these instructions.
A
| APRA-approved adjustment amount | This is the amount relating to APRA approved adjustments to specific requirements of the prudential standards for a reporting Level 2 insurance group. |
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| APRA-approved adjustment type | This means the type of APRA-approved adjustment. Possible types relate to the:prescribed capital amount;Asset Risk Charge;Insurance Risk Charge - outstanding claims liabilities;Insurance Risk Charge - premiums liabilities;Insurance Concentration Risk Charge;Asset Concentration Risk Charge; andOperational Risk Charge. |
| Asset Concentration Risk Charge | The Asset Concentration Risk Charge is the minimum amount of capital required to be held against asset concentration risks. The Asset Concentration Risk Charge relates to the risk resulting from investment concentrations in individual assets or large exposures to individual counterparties or groups of related counterparties resulting in adverse movements in the reporting Level 2 insurance group’s capital base.This must be determined in accordance with Prudential Standard GPS 117 Capital Adequacy: Asset Concentration Risk Charge. |
| Asset Risk Charge | The Asset Risk Charge is the minimum amount of capital required to be held against asset risks. The Asset Risk Charge relates to the risk of adverse movements in the value of a reporting Level 2 insurance group’s capital base due to credit or market risks.This must be determined in accordance with Prudential Standard GPS 114 Capital Adequacy: Asset Risk Charge. |
I
| Insurance Concentration Risk Charge | The Insurance Concentration Risk Charge is the minimum amount of capital required to be held against insurance concentration risks. The Insurance Concentration Risk Charge relates to the risk of an adverse movement in the reporting Level 2 insurance group's capital base due to a single large loss or series of losses.This must be determined in accordance with Prudential Standard GPS 116 Capital Adequacy: Insurance Concentration Risk Charge. |
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