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Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023
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| Total gross ultimate cost (IUD) | This refers to the total gross ultimate cost (inflated & undiscounted) of claims, as at the relevant date.It is calculated as the sum of:gross claim payments;gross case estimates; andgross IBNR / IBNER. |
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| Total net ultimate cost (IUD) | This refers to the total net ultimate cost (inflated & undiscounted) of claims, as at the relevant date.It is calculated as the sum of:net claim payments;net case estimates; andnet IBNR / IBNER. |