Subdivision Units of measurement - Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023 - Units of measurement | Zoe

/

/

Subdivision Units of measurement - Financial Sector (Collection of Data) (reporting standard) determination No. 91 of 2023 - Units of measurement | Zoe

Units of measurement

Report values in whole Australian dollars.

	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	HouseholdersCommercial MotorDomestic MotorOther Direct - Category ATravelFire and ISRMarineAviationConsumer CreditOther AccidentOther Direct - Category BMortgageCTPPublic and Product LiabilityProfessional IndemnityEmployers LiabilityCyberDirectors and OfficersOther Direct - Category C	Report class of business.
4	Number of Claims Reported	Whole numbers	Report the cumulative number of claims reported for the reporting period.Report for direct business only.
5	Number of Claims Outstanding	Whole numbers	Report the number of outstanding claims as at the close of business on the last day of the reporting period.Report for direct business only.
6	Gross Claim Payments (Net of Non-Reinsurance recoveries)	Whole dollars	Report the cumulative value of gross claim payments (net of non-reinsurance recoveries) for the reporting period.
7	Net Claim Payments (Net of Reinsurance And Non-Reinsurance Recoveries)	Whole dollars	Report the cumulative value of net claim payments (net of reinsurance and non-reinsurance recoveries) for the reporting period.
8	Gross Case Estimates (Net of Non-Reinsurance Recoveries)	Whole dollars	Report the value of gross case estimates (net of non-reinsurance recoveries).Insurers must report this item:as the balance outstanding at the relevant date;gross of reinsurance recoveries;net of non-reinsurance recoveries; andexcluding claims IBNR / IBNER, claims handling expenses and risk margins.
9	Net Case Estimates (Net of Reinsurance And Non-Reinsurance Recoveries)	Whole dollars	Report the value of net case estimates (net of reinsurance and non-reinsurance recoveries).Insurers must report this item:as the balance outstanding at the relevant date;net of reinsurance and non-reinsurance recoveries; andexcluding IBNR / IBNER, claims handling expenses and risk margins.
10	Gross IBNR / IBNER (Net of Non-Reinsurance Recoveries)	Whole dollars	Report the value of gross IBNR / IBNER (net of non-reinsurance recoveries).Insurers must report this item:as the balance outstanding at the relevant date;inflated and undiscounted;gross of reinsurance recoveries;net of non-reinsurance recoveries;excluding claims handling expenses; andas the central estimate only (i.e. do not include a risk margin).
11	Net IBNR / IBNER (Net of Reinsurance And Non-Reinsurance Recoveries)	Whole dollars	Repot the value of net IBNR / IBNER (net of reinsurance and non-reinsurance recoveries).Insurers must report this item:as the balance outstanding at the relevant date;inflated and undiscounted;net of reinsurance recoveries;net of non-reinsurance recoveries;excluding claims handling expenses; andas the central estimate only (i.e. do not include a risk margin).
12	Gross Accrued Premium	Whole dollars	Repot the value of gross accrued premium.
13	Net Accrued Premium	Whole dollars	Repot the value of net accrued premium.