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Financial Sector (Collection of Data) (reporting standard) determination No. 92 of 2023
CC
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| Central estimate of reinsurance recoverables | The reinsurance recoverables associated with the counterparty reported in name of counterparty (reinsurer). This amount will include the recoverables on incurred but not reported (IBNR) claims that are allocated to the counterparty. This amount must exclude the amounts reported in net reinsurance recoverable on paid claims overdue for more than 6 months - central estimate and reinsurance recoverable outstanding from second annual balance date after the event - central estimate for that counterparty. It is measured at central estimate level, in accordance with Prudential Standard GPS 340 Insurance Liability Valuation (GPS 340). |
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| Counterparty domicile | For a subsidiary, the domicile is where the counterparty is legally incorporated. For a branch, the domicile is where the counterparty (branch) is located. Where relevant, the counterparty domicile must be reported as stated on the country code list. |
| Counterparty group name | The name of the group to which the counterparty to the reinsurance exposure belongs. Where relevant, the counterparty group name must be reported as stated on the reinsurer identifier list. |
| Country code | This means the two-letter country code as assigned by the ISO 3166 Maintenance Agency to a country defined under the International Organization for Standardization’s International Standard ISO 3166. The ISO 3166 Maintenance agency maintains a free online database of country codes, available at https://www.iso.org/iso-3166-country-codes.html. |