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Financial Sector (Collection of Data) (reporting standard) determination No. 67 of 2023
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| Expected reinsurance recoveries | This is the amount due to an insurer, or to an entity that carries on international business within a Level 2 insurance group, from a reinsurer that arises from the recognition of premiums liabilities referred to in the GI Prudential Standards (including Prudential Standard GPS 340 Insurance Liability Valuation (GPS 340)). This is distinguished from reinsurance recoverables.This is calculated as the sum of:expected reinsurance recoveries: relating to APRA-authorised reinsurers; andexpected reinsurance recoveries: relating to non-APRA-authorised reinsurers. |
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| Expected reinsurance recoveries: relating to APRA-authorised reinsurers | Means the value of expected reinsurance recoveries related to APRA-authorised reinsurers. |
| Expected reinsurance recoveries: relating to non-APRA-authorised reinsurers | Means the value of expected reinsurance recoveries related to non-APRA-authorised reinsurers. |