Financial Sector (Collection of Data) (reporting standard) determination No. 7 of 2010 - GRS 210 (2010) - 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 general insurers (insurers), including foreign general insurers operating in Australia through branch operations (foreign insurers), to report to APRA, generally on a quarterly and annual basis, in relation to their outstanding claims provision and premiums 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 Outstanding Claims Provision – Insurance Risk Charge (Form GRF 210.0) and the instructions to that form (which are attached and form part of this reporting standard); and
- Form GRF 210.1 Premiums Liabilities – Insurance Risk Charge (Form GRF 210.1) 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.