Subdivision Table 1: Movement in Outstanding Claims - Financial Sector (Collection of Data) (reporting standard) determination No. 89 of 2023 - Table 1: Movement in Outstanding Claims Liabilities

Specific instructions

Table 1: Movement in Outstanding Claims Liabilities

Reporting basis

Report both direct classes of business and reinsurance classes of business. In relation to the reporting basis:

Data underlying direct classes of business (other than lenders mortgage insurance) must be based on accident year.
Data underlying lenders mortgage insurance business must be based on underwriting year.
Data underlying reinsurance business must be based on underwriting year.
Notwithstanding above, if an insurer has been providing data based on a basis different to the approach outlined above, continue on that basis and notify APRA.

For the purposes of this table, the OCL (on an undiscounted basis) is to be allocated across the respective time buckets specified on the form. Accordingly, each year that this form is completed, the OCL that is recorded for the respective time buckets will likely change as this is reassessed.

For direct class of business and reinsurance class of business, amounts are to also include all OCL associated with business sourced through underwriting pools or joint ventures, or portfolio transfers/acquisitions.

Units of measurement

Report values in whole Australian dollars (no decimal places).

	Name	Valid values	Description
1	Accident Year or Underwriting Year	Accident YearUnderwriting Year	Report accident year or underwriting year.
2	Years	Current year1 year previous2 years previous3 years previous4 years previous5 years previous6 years previous7 years previous8 years previous9 years previous10 years previousMore than 10 years previous	Report years applicable.Individual years from current year to 10 years previous are required to be reported. More than 10 years previous are to be combined and reported.Should an insurer be unable to provide the more than 10 years previous grouping due to the data being impractical to obtain, the insurer can commence grouping at the earliest year possible.
3	Class Of Business	Direct classes of business:HouseholdersCommercial MotorDomestic MotorOther Direct - Category ATravelFire and ISRMarineAviationConsumer CreditOther AccidentOther Direct - Category BMortgageCTPPublic and Product LiabilityProfessional IndemnityEmployers LiabilityCyberDirectors and OfficersOther Direct - Category CReinsurance classes of business:Proportional - Category AProportional - Category BProportional - Category CNon-proportional - Category ANon-proportional - Category BNon-proportional - Category C	Report class of business.
4	GPS 340 Net OCL - Undiscounted	Whole dollars	Report GPS 340 net OCL - undiscounted amount.Report on an undiscounted basis.
5	Movement In GPS 340 Net OCL - Undiscounted	Whole dollars	Report the movement in GPS 340 net OCL - undiscounted amount.Report the increase in GPS 340 net OCL as a positive figure and the decrease in GPS 340 Net OCL in the current financial year as a negative figure.Claim payments are not to be classified as a decrease in the GPS 340 Net OCL for the purposes of this table.Report on an undiscounted basis.

Table 1: Movement in Outstanding Claims Table 1: Movement in Outstanding Claims Liabilities

Get a plain-English read of Table 1: Movement in Outstanding Claims

Specific instructions

Table 1: Movement in Outstanding Claims Liabilities

Reporting basis

Units of measurement