Part Specific instructions - Financial Sector (Collection of Data) (reporting standard) determination No. 78 of 2023 - Specific instructions

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Specific instructions

Reporting basis

Report items relating to the Operational Risk Charge

Report all items gross of any associated outwards reinsurance expense.

Intra-group exposures

The Operational Risk Charge for a Level 2 insurance group is calculated after consolidation of intra-group exposures. Units of measurement

This values in this table must be completed in whole Australian dollars.

Table 1: Operational Risk Charge

Column 1	Report the value for each of the items listed below.

Operational Risk Charge for inwards reinsurance business (ORCI)

Item 1	The ORCI is a derived item and is calculated using the formula in accordance with GPS 118.
Item 1.1	Report the ORCI - GWP for the 12 months ending on the reporting date.
Item 1.2	Report the ORCI - GWP for the 12 months ending on the date 12 months prior to the reporting date.
Item 1.3	Report the ORCI - central estimate of net insurance liabilities.

Operational Risk Charge for business that is not inwards reinsurance (ORCNI)

Item 2	The ORCNI is a derived item and is calculated using the formula in accordance with GPS 118.
Item 2.1	Report the ORCNI - GWP for the 12 months ending on the reporting date.
Item 2.2	Report the ORCNI - GWP for the 12 months ending on the date 12 months prior to the reporting date.
Item 2.3	Report the ORCNI - central estimate of net insurance liabilities.