CTHRepealedLegislation
Financial Sector (Collection of Data) (reporting standard) determination No. 86 of 2006 - Reporting Standard GRS 400.0 (2007) Statement of Risk by Country
1. Premium Revenue - Direct & Inwards re1. Premium Revenue - Direct & Inwards reinsurance
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1. Premium Revenue - Direct & Inwards reinsurance
This is the premium revenue as required by the APRA forms (refer to instructions GRF 310.1 Premium Revenue and Reinsurance Expense). It is to be reported in respect of total direct business and inwards reinsurance business.
Premium revenue is not to be reported in accordance with AASB 1023 ‘General Insurance Contracts’ (i.e. earned and unearned components).