Division Introduction - Financial Sector (Collection of Data) (reporting standard) determination No. 82 of 2006 - Reporting Standard GRS 310.1 (2007) Premium Revenue and Reinsurance Expense - Introduction

Introduction

The purpose of this form is to provide information on premium revenue and reinsurance expense by class of business, which supports the summarised underwriting result disclosed in GRF 310.0 Statement of Financial Performance.

The form reports the following:

data by class of business (direct business and inwards reinsurance);
total premium revenue split between:

insurance business written (directly by the insurer and by inwards reinsurance);
business received or written indirectly through underwriting pools or joint ventures; and
portfolio transfers to the accepting insurer;

premiums received (cashflow basis); and
outwards reinsurance expense.

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