Division Columns for Level 2 insurance group - Financial Sector (Collection of Data) (reporting standard) determination No. 83 of 2023 - Columns for Level 2 insurance group

Columns for Level 2 insurance groupColumns for Level 2 insurance group

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Columns for Level 2 insurance group

Column 1	Column 1 total business, is a derived column (excluding items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48) and is calculated as the sum of column 2 to column 10.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: Report the amount for 'total business' (not a derived amount).
Column 2	Report the amount for Inter-region elimination.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘Inter-region elimination’, otherwise report nil amounts.
Column 3	Report the amount for Australian business.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘Australian business’, otherwise report nil amounts.
Column 4	Report the amount for International business - New Zealand.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘International business - New Zealand’, otherwise report nil amounts.
Column 5	Report the amount for International business - South East Asia.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘International business - South East Asia’, otherwise report nil amounts.
Column 6	Report the amount for International business - Asia Pacific.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘International business - Asia Pacific’, otherwise report nil amounts.
Column 7	Report the amount for International business - USA.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘International business - USA’, otherwise report nil amounts.
Column 8	Report the amount for International business - Americas.Items 34 to 37 inclusive; items 39 to 44 inclusive; and items 47 to 48: If information is available without undue cost or effort to the reporting insurer, report the amount for ‘International business – Americas’, otherwise report nil amounts.

Item 1	Item 1 total insurance revenue is a derived item and is calculated as the sum of item 1.1 and item 1.2.Report this item in accordance with AASB 101.82 (a) (ii) Disclosure, AASB 17.80 (a) and AASB 17.83.
Item 1.1	Column 1:Item 1.1 insurance revenue direct business is a derived item and is calculated as the sum of column 2 to column 10.Columns 2-10:Report insurance revenue direct business.
Item 1.1.1	Report insurance revenue from direct business for contracts that existed at the transition date to which the entity has applied the modified retrospective approach.This item only needs to be reported in Column 1.
Item 1.1.2	Report insurance revenue from direct business for contracts that existed at the transition date to which the entity has applied the fair value approach.This item only needs to be reported in Column 1.
Item 1.1.3	Report insurance revenue from direct business for all other contracts.This item only needs to be reported in Column 1.
Item 1.2	Column 1:Item 1.2 insurance revenue from inwards reinsurance business is a derived item and is calculated as the sum of column 2 to column 10Columns 2-10:Report insurance revenue from inwards reinsurance business.
Item 1.2.1	Report insurance revenue from inwards reinsurance business for contracts that existed at the transition date to which the entity has applied the modified retrospective approach.This item only needs to be reported in Column 1.
Item 1.2.2	Report insurance revenue from inwards reinsurance business for contracts that existed at the transition date to which the entity has applied the fair value approach.This item only needs to be reported in Column 1.
Item 1.2.3	Report insurance revenue from inwards reinsurance business for all other contracts.This item only needs to be reported in Column 1.

Item 2	Item 2 total insurance service expense is a derived item calculated as the sum of items 2.1 and 2.2.Report this item in accordance with AASB 101.82 (ab) Disclosure, AASB 17.80 (a) and AASB 17.84.
Item 2.1	Item 2.1 insurance service expense from direct business is a derived item and is calculated as the sum of items 2.1.1 to 2.1.6 inclusive.
Item 2.1.1	Report incurred claims from direct business.
Item 2.1.2	Report other insurance service expenses from direct business.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59 (a) at this item.
Item 2.1.3	Report amortisation of insurance acquisition cash flows from direct business.
Item 2.1.4	Report losses and reversal of losses on onerous contracts from direct business.Report this item in accordance with AASB 17.47-52.
Item 2.1.5	Report changes that relate to past service: changes to liabilities for incurred claims from direct business.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.
Item 2.1.6	Report impairment losses/reversals on assets for insurance acquisition cash flows from direct business.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.
Item 2.2	Item 2.2 insurance service expenses from inwards reinsurance is a derived item and is calculated as the sum of items 2.2.1 to 2.2.6 inclusive.
Item 2.2.1	Report incurred claims from inwards reinsurance.
Item 2.2.2	Report other insurance service expenses from inwards reinsurance.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59(a) at this item.
Item 2.2.3	Report amortisation of insurance acquisition cash flows from inwards reinsurance.
Item 2.2.4	Report losses and reversal of losses on onerous contracts from inwards reinsurance.Report this item in accordance with AASB 17.47-52.
Item 2.2.5	Report changes that relate to past service: changes to liabilities for incurred claims from inwards reinsurance.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.
Item 2.2.6	Report impairment losses/reversals on assets for insurance acquisition cash flows from inwards reinsurance.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.

Item 2

Item 2 total insurance service expense is a derived item calculated as the sum of items 2.1 and 2.2.Report this item in accordance with AASB 101.82 (ab) Disclosure, AASB 17.80 (a) and AASB 17.84.

Item 2.1

Item 2.1 insurance service expense from direct business is a derived item and is calculated as the sum of items 2.1.1 to 2.1.6 inclusive.

Item 2.1.1

Report incurred claims from direct business.

Item 2.1.2

Report other insurance service expenses from direct business.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59 (a) at this item.

Item 2.1.3

Report amortisation of insurance acquisition cash flows from direct business.

Item 2.1.4

Report losses and reversal of losses on onerous contracts from direct business.Report this item in accordance with AASB 17.47-52.

Item 2.1.5

Report changes that relate to past service: changes to liabilities for incurred claims from direct business.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.

Item 2.1.6

Report impairment losses/reversals on assets for insurance acquisition cash flows from direct business.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.

Item 2.2

Item 2.2 insurance service expenses from inwards reinsurance is a derived item and is calculated as the sum of items 2.2.1 to 2.2.6 inclusive.

Item 2.2.1

Report incurred claims from inwards reinsurance.

Item 2.2.2

Report other insurance service expenses from inwards reinsurance.Report insurance acquisition cash flows that have been recognised as expenses when incurred under AASB 17.59(a) at this item.

Item 2.2.3

Report amortisation of insurance acquisition cash flows from inwards reinsurance.

Item 2.2.4

Report losses and reversal of losses on onerous contracts from inwards reinsurance.Report this item in accordance with AASB 17.47-52.

Item 2.2.5

Report changes that relate to past service: changes to liabilities for incurred claims from inwards reinsurance.Report this item in accordance with AASB 17.103 (b) (iii) Disclosure.

Item 2.2.6

Report impairment losses/reversals on assets for insurance acquisition cash flows from inwards reinsurance.Report this item in accordance with AASB 17 Appendix A, AASB 17.28B, AASB 17.28E and AASB 17.28F. APRA has interpreted this item to form part of insurance service expense.