Division Units of measurement - Financial Sector (Collection of Data) (reporting standard) determination No. 74 of 2023 - Units of measurement

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Units of measurement

Report values in whole Australian dollars (no decimal places).

Natural perils vertical requirement (NP VR)

Item 1	Natural perils vertical requirement (NP VR) is a derived item and is calculated as the greater of:item 1.2 less item 1.3; oritem 1.4;less:item 1.5plus:item 1.6less:item 1.7
Item 1.1	Report the basis for determination of NP VR value. The valid values are:gross; ornet
Item 1.2	Report the NP PML amount.The Level 2 insurance group must only report this item if the Level 2 insurance group has entered ‘gross’ in item 1.1.
Item 1.3	Report the NP reinsurance recoverables amount.The Level 2 insurance group must only report this item if the Level 2 insurance group has entered ‘gross’ in item 1.1.
Item 1.4	Report the Net whole-of-portfolio loss amount.The Level 2 insurance group must only report this item if the Level 2 insurance group has entered ‘net’ in item 1.1.
Item 1.5	Report the NP reinstatement premiums amount.
Item 1.6	Report the NP reinstatement cost amount.
Item 1.7	Report the other adjustments amount.

Natural perils horizontal requirement (NP HR)

Item 2	Natural perils horizontal requirement (NP HR) is a derived item and is calculated as the greater ofitem 2.3; oritem 2.4less:item 2.5.
Item 2.1	Report the commencement date of catastrophe reinsurance program amount.
Item 2.2	Report the end date of catastrophe reinsurance program amount.

H3 requirement

The following items relate to the H3 requirement.

Item 2.3	H3 requirement is a derived item and is calculated as the total over the three events (across columns 1 to 3) for:item 2.3.7
Item 2.3.1	Report the basis for determination of H3 requirement. The valid values are:gross; ornet

Column 1	Report the amount for the first event.
Column 2	Report the amount for the second event.
Column 3	Report the amount for the third event.

Item 2.3.3	Report the H3 reinsurance recoverables amount for each event.This item must only be reported if the Level 2 insurance group has selected ‘gross’ in item 2.3.1.The total H3 reinsurance recoverables is calculated as the sum across columns 1 to 3.
Item 2.3.4	Report the H3 aggregate offset amount for each event.The total H3 aggregate offset is calculated as the sum across columns 1 to 3.
Item 2.3.5	Report the H3 reinstatement premiums amount for each event.The total H3 reinstatement premiums is calculated as the sum across columns 1 to 3.
Item 2.3.6	Report the H3 reinstatement cost amount after the first and second events.The Level 2 insurance group is not required to determine a H3 reinstatement cost after the third event.The total H3 reinstatement cost is calculated as the sum across columns 1 and 2.
Item 2.3.7	H3 loss per event is a derived item and is calculated for each event as the sum of:item 2.3.2; anditem 2.3.6.less:item 2.3.3;item 2.3.4; anditem 2.3.5.The total H3 loss per event is calculated as the sum across columns 1 to 3.

Item 2.4	H4 requirement is a derived item and is calculated as the total over the four events (across columns 1 to 4) for:item 2.4.7
Item 2.4.1	Report the basis for determination of H4 requirement. The valid values are:gross; ornet
Item 2.4.2	Report the single event loss from H4 event amount.

Column 1	Report the amount for the first event.
Column 2	Report the amount for the second event.
Column 3	Report the amount for the third event.
Column 4	Report the amount for the fourth event.

Item 2.4.3	Report the H4 reinsurance recoverables amount for each event.This item must only be reported if the Level 2 insurance group has selected ‘Gross’ in Item 2.4.1.The total H4 reinsurance recoverables is calculated as the sum across columns 1 to 4.
Item 2.4.4	Report the H4 aggregate offset amount for each event.The total H4 aggregate offset is calculated as the sum across columns 1 to 4.
Item 2.4.5	Report the H4 reinstatement premiums amount for each event.The total H4 reinstatement premiums is calculated as the sum across columns 1 to 4.
Item 2.4.6	Report the H4 reinstatement cost amount after the first, second and third events.The Level 2 insurance group is not required to determine a H4 reinstatement cost after the fourth event.The total H4 reinstatement cost is calculated as the sum across columns 1 to 3.
Item 2.4.7	H4 loss per event is a derived item and is calculated for columns 1 to 4 as the sum of:item 2.4.2; anditem 2.4.6.less:item 2.4.3;item 2.4.4; anditem 2.4.5.The total H4 loss per event is calculated as the sum across columns 1 to 4.

Item 3	Other accumulations vertical requirement (OA VR) is a derived item and is calculated as the sum of:item 3.1; anditem 3.4less:item 3.2; anditem 3.3.
Item 3.1	Report the OA PML amount.
Item 3.2	Report the PL adjustment to OA PML amount.
Item 3.3	Report the OA reinsurance recoverables amount.
Item 3.4	Report the OA reinstatement cost amount.

Column 1	Report the amount for year 1.
Column 2	Report the amount for year 2.
Column 3	Report the amount for year 3.
Column 4	Report the total amount.

Item 4.1	Report the total PML amount in column 4.The amounts in columns 1 to 3 respectively are calculated as:column 4 multiplied by 25%;column 4 multiplied by 50%; andcolumn 4 multiplied by 25%.
Item 4.2	Report the adjustment to the PML amount for year 2 and year 3.A reduction in PML is to be entered as a positive amount. Do not enter any other adjustments to PML in this field.
Item 4.3	Adjusted PML is a derived item and is calculated as:item 4.1less:item 4.2
Item 4.4	Report the available reinsurance amount for each year.Report the amount of available reinsurance for each of the three years of the prescribed stress scenario.
Item 4.5	Allowable reinsurance is a derived item and is calculated as the lesser of the:total of item 4.4; ortotal of item 4.3 multiplied by 60%
Item 4.6	PML net of reinsurance is a derived item and is calculated as:item 4.3less:item 4.5
Item 4.7	Report the net premium liability deduction amount. Report this item as a positive amount.
Item 4.8	Report the adjustments to LMI Concentration Risk Charge as approved by APRA amount.An increase in the LMI Concentration Risk Charge is to be reported as a positive amount.