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Financial Sector (Collection of Data) (reporting standard) determination No. 72 of 2023
Table 3: Premiums Liabilities - InsurancTable 3: Premiums Liabilities - Insurance Risk Charge - International Business - GPS 340 basis
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Table 3: Premiums Liabilities - Insurance Risk Charge - International Business - GPS 340 basis
Reporting basis
Report the components of the GPS 340 PL for international business on a GPS 340 basis by international region (excluding Australia) for direct business and reinsurance business.
Units of measurement
Report monetary values in whole Australian dollars.
Report all percentages as percentage points to two decimal places.
| Name | Valid values | Description | |
|---|---|---|---|
| 1 | International Region | New ZealandSouth East AsiaAsia PacificUSAAmericasUK or EuropeOther | Report the international region. |
| 2 | Business Type | Direct businessReinsurance business | Report the business type. |
| 3 | Gross PL - Central Estimate (Excluding CHE And PAE) | Whole dollars | Report the gross PL - central estimate (excluding CHE and PAE). |
| 4 | Expected Future Reinsurance Costs For Current And Future Reinsurance Arrangements Needed To Cover PL | Whole dollars | Report the expected future reinsurance costs for current and future reinsurance arrangements needed to cover PL. |
| 5 | Commissions | Whole dollars | Report the commissions included in the PL. |
| 6 | Reinsurance Commissions | Whole dollars | Report the reinsurance commissions included in the PL.Reinsurance commissions is to be reported as a positive number if they act to reduce the gross PL. |
| 7 | Claims Handling Expenses | Whole dollars | Report the claims handling expenses. |
| 8 | Policy Administration Expenses | Whole dollars | Report the policy administration expenses. |
| 9 | Gross PL – Diversified Risk Margin | Whole dollars | Report the gross PL – diversified risk margin. |
| 10 | Net PL - Non-Reinsurance Recoveries (Central Estimate) | Whole dollars | Report the net PL - non-reinsurance recoveries (central estimate).Non-reinsurance recoveries should be reported as a positive number if they act to reduce the gross PL. |