Financial Sector (Collection of Data) (reporting standard) determination No. 82 of 2023
Reporting basisReporting basis
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Reporting basis
Information in this Reporting Standard is to be completed by general insurers for each reporting period on a Level 1 (licensed insurer) basis.
Please disclose non-distinct investment components in Reporting Standard GRS 320.0 Liability Roll Forwards at:
- Part A: Liability Roll Forward 1, item 12: Investment components and premium refunds, item 18: Claims and other expenses paid, including investment components; and
- Part B: Liability Roll Forward 1, item 9: Investment components and premium refunds
as applicable (refer to AASB 17.103 (c) and AASB 17.105 (a) (iii)).
Direct business is any insurance business written / insurance contracts issued by the reporting insurer.
Inwards reinsurance is any reinsurance business written / reinsurance contracts issued by the reporting insurer.