Adjusted pre-stress amount

This is the value of relevant items of the health benefits fund or general fund. Report amounts before the application of any designated asset stresses, net of the effect of any look-through adjustments and applying the fair value requirement outlined in Prudential Standard HPS 112 Capital Adequacy: Measurement of Capital (HPS 112) and HPS 114.

Aggregated risk charge component

This is the aggregated result of applying the aggregation formula set out in HPS 114 to the capital base for each risk charge component. The formula allows for the likelihood of the asset risk stress scenarios occurring simultaneously.

Amounts payable on reinsurance contracts held

(Items subject to Asset Risk Charge type)

This is the value of amounts payable on reinsurance contracts held. This includes reinsurance premiums that are due to be paid, all unpaid instalment reinsurance premiums, reinsurer’s portion of recoveries, and commissions due to reinsurers. This also includes deposits withheld from reinsurers.

For reinsurance contracts held, if there is a legal right of set-off within the underlying reinsurance contracts, report the amount after set-off against other amounts receivable from the reinsurer under that reinsurance contract. If the amount is a net receivable position from the reinsurer, report the amount under amounts receivable on reinsurance contracts held. If there is not a legal right of set-off, report the amount payable without set-off. Also refer to the definition of amounts receivable on reinsurance contracts held.

Amounts payable on reinsurance contracts held is netted against reinsurance contract assets or added to reinsurance contract liabilities under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under Prudential Standard HPS 340 Insurance Liability Valuation (HPS 340) to avoid double counting.

This amount must be consistent with amounts payable on reinsurance contracts held reported in Reporting Standard HRS 112.0 Determination of Capital Base (HRS 112.0).

Amounts receivable on reinsurance contracts held

(Items subject to Asset Risk Charge type)

This is the value of amounts receivable on reinsurance contracts held. This includes reinsurance recoverables on paid claims.

For reinsurance contracts held, if there is a legal right of set-off within the underlying reinsurance contracts, report the amount after set-off against other amounts payable to the reinsurer under that reinsurance contract. If the amount is a net payable position to the reinsurer, report the amount under amounts payable on reinsurance contracts held. If there is not a legal right of set-off, report the receivable amount without set-off. Also refer to the definition of amounts payable on reinsurance contracts held.

Amounts receivable on reinsurance contracts held is netted against reinsurance contract liabilities or added to reinsurance contract assets under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.

This amount must be consistent with amounts receivable on reinsurance contracts held reported in HRS 112.0.

Assets subject to credit spreads stress type

This is the category of assets subject to credit spreads stress. The options are:

·      bonds and other non-securitised assets;

·      structured and securitised assets; and

·      re-securitised assets.

Cash and cash equivalents

(Items subject to Asset Risk Charge type)

This is the value, as at the relevant date, of notes and coins; deposits withdrawable or redeemable within 24 hours; and securities purchased under agreements to resell.

Claims payable

(Items subject to Asset Risk Charge type)

This is the value of claims payable, which reflects claims due but not paid.

For inwards reinsurance business, where there is a legal right of set-off within the underlying reinsurance contract, report under this item if the amount after set-off results in a net payable position to the cedant. If there is not a legal right of set-off, report the amount payable without set-off. Also refer to the definition of premiums receivable.

Claims payable is netted against insurance contract assets or added to insurance contract liabilities under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.

This amount must be consistent with claims payable reported in HRS 112.0.

Counterparty grade

This is the classification applied to an investment or exposure as per the requirements of HPS 001. Assets guaranteed by an Australian state or territory government must be reported in the counterparty grade that applies after rating up one grade in accordance with HPS 114.

Credit spread fair value amount

This is the fair value of assets that are subject to credit spreads stress.

Credit spread stressed amount

This is the stressed value of assets that are subject to credit spreads stress.

Credit spreads stress

(Stress scenario type)

This is the impact on the health benefits fund’s or general fund's capital base of an increase in credit spreads and the risk of default and is calculated in accordance with HPS 114.

This stress applies to interest bearing assets, including cash deposits and floating rate assets. Credit derivatives and zero-coupon instruments such as bank bills must also be included.

Currency downwards stress

(Stress scenario type)

This is the impact on the fund’s capital base of downward changes in foreign currency exchange rates and is calculated in accordance with HPS 114. 

Currency upwards stress

(Stress scenario type)

This is the impact on the health benefits fund’s or general fund's capital base of upward changes in foreign currency exchange rates and is calculated in accordance with HPS 114.

Current tax assets

(Items subject to Asset Risk Charge type)

This is the value of current tax assets determined in accordance with Australian Accounting Standards.

Default stress

(Stress scenario type)

This is the impact on the health benefits fund’s or general fund's capital base of the risk of counterparty default and is calculated in accordance with HPS 114. It applies to reinsurance assets, over the counter derivatives, unpaid premiums and all other credit or counterparty exposures that have not been affected by the credit spreads stress. In accordance with HPS 114, only the central estimates of reinsurance assets are to be subject to default stress.

Deferred tax assets

(Items subject to Asset Risk Charge type)

This is the value of tax benefits that may be recognised in future financial periods, as consistent with the asset risk scenario under consideration.

Deferred tax liabilities

(Items subject to Asset Risk Charge type)

This is the value of taxes payable in future periods in respect of taxable temporary differences. The definition is interpreted consistently with Australian Accounting Standard AASB 112 - Income Taxes (AASB 112).

Derivatives (assets)

(Items subject to Asset Risk Charge type)

This is the value of all open derivative positions reported as assets.

Derivatives (liabilities)

(Items subject to Asset Risk Charge type)

This is the value of all open derivatives positions reported as liabilities.

Dividend yield used in determination of equity stress

(Yields used in stress scenarios type)

This is the dividend yield of the ASX 200 index used in determining the reduction in equity asset values under the equity stress scenario.

Earnings yield used in determination of property stress

(Yields used in stress scenarios type)

This is the average earnings yield before taxes used in determining the reduction in infrastructure asset values under the property stress scenario.

Equities (direct)

(Items subject to Asset Risk Charge type)

This is the value, as at the relevant date, of equity securities and of subordinated debt securities. Equity securities are, as defined by the Australian Accounting Standards, contracts that evidence a residual interest in the assets of an entity after deducting all its liabilities. This includes equity securities lent or sold by the entity under repurchase agreements, where the transaction does not result in the transfer of the rights of ownership of the securities away from the entity to another party. Subordinated debt is a debt security where the claim to repayment ranks lower in priority to other claims.

Equity stress

(Stress scenario type)

This is the impact on the health benefits fund’s or general fund's capital base of a fall in equity and other asset values and is calculated in accordance with HPS 114.

This stress applies to both listed and unlisted equity assets and to any other assets that are not considered in any of the other asset risk stresses. This stress also includes an increase to equity volatility.

Expected inflation downwards stress

(Stress scenario type)

Expected inflation stress measures the impact on the health benefits fund’s or general fund's capital base of changes to expected Consumer Price Index inflation rates. It also affects nominal interest rates.

This item reports the impact on the capital base of the health benefits fund or general fund arising from the application of the downward expected inflation stress and is calculated in accordance with HPS 114.

Expected inflation upwards stress

(Stress scenario type)

Expected inflation stress measures the impact on the health benefits fund’s or general fund's capital base of changes to expected Consumer Price Index inflation rates. It also affects nominal interest rates.

This item reports the impact on the capital base of the health benefits fund or general fund arising from the application of the upward expected inflation stress and is calculated in accordance with HPS 114.

Expected reinsurance recoveries

(Items subject to Asset Risk Charge type)

This is the amount due to the health benefits fund or general fund from a reinsurer that arises from the recognition of premiums liabilities referred to in the PHI Prudential Standards (including HPS 340). This is distinguished from reinsurance recoverables.

General fund

(Private health insurer fund type)

General fund has the same meaning as in HPS 001.

Health benefits fund

(Private health insurer fund type)

Health benefits fund has the same meaning as in the Act.

HPS 340 deferred claims liability

(Items subject to Asset Risk Charge type)

This is the value of the deferred claims liability determined in accordance with HPS 340.

HPS 340 other insurance liabilities

(Items subject to Asset Risk Charge type)

This is the value of the other insurance liabilities determined in accordance with HPS 340.

HPS 340 outstanding claims liabilities

(Items subject to Asset Risk Charge type)

This is the value of the outstanding claims liabilities determined in accordance with HPS 340.

HPS 340 premium liabilities

(Items subject to Asset Risk Charge type)

This is the value of the premium liabilities determined in accordance with HPS 340.

HPS 340 risk equalisation transfers

(Items subject to Asset Risk Charge type)

This is the value of the risk equalisation transfers determined in accordance with HPS 340.

Impact of diversification

This is calculated as the sum of the risk charge components used in calculating the aggregated risk charge component, less the aggregated risk charge component as set out in HPS 114.

Impact on the fund’s capital base

This shows the impact on the capital base of each asset risk stress scenario as set out in HPS 114.

This item is calculated for each stress scenario type as the sum of:

·         cash and cash equivalents;

·         current tax assets;

·         interest rate investments (direct);

·         equities (direct);

·         property (direct);

·         loans (direct);

·         indirect investments;

·         deferred tax assets;

·         derivatives (assets);

·         investments in related entities (associates, joint ventures, subsidiaries);

·         other assets subject to Asset Risk Charge;

·         deferred tax liabilities;

·         derivatives (liabilities);

·         other liabilities subject to Asset Risk Charge;

·         reinsurance recoverables on outstanding claims;

·         expected reinsurance recoveries;

·         amounts receivable on reinsurance contracts held;

·         other reinsurance assets;

·         HPS 340 outstanding claims liabilities;

·         HPS 340 premium liabilities;

·         HPS 340 risk equalisation transfers;

·         HPS 340 other insurance liabilities;

·         HPS 340 deferred claims liability;

·         premiums receivable;

·         non-reinsurance recoveries receivable;

·         other accounts receivable on insurance contracts issued;

·         claims payable;

·         amounts payable on reinsurance contracts held;

·         other accounts payable on insurance contracts issued; and

·        off-balance sheet exposures.

Indirect investments

(Items subject to Asset Risk Charge type)

This is the value of the net assets of unit trusts or managed investment schemes invested in by the health benefits fund or general fund, or mandates individually managed on behalf of the health benefits fund or general fund.

Interest rate investments (direct)

(Items subject to Asset Risk Charge type)

This is the value of debt securities held by the health benefits fund or general fund as at the relevant date, plus the value of deposits and placements that have been classified by the private health insurer as assets backing insurance liabilities for statutory reporting purposes. A debt security is a transferable instrument evidencing a relationship of indebtedness. It is characterised by having a definable return that is not based on the economic performance of the issuing entity.

Investments in related entities (associates, joint ventures, subsidiaries)

(Items subject to Asset Risk Charge type)

This is the value of strategic investments or acquisitions of the health benefits fund or general fund.

This includes investments in associates, joint ventures and subsidiaries from the AASB 17 Insurance Contracts (AASB 17) balance sheet.

This does not include investments that constitute assets backing private health insurance liabilities.

Loans (direct)

(Items subject to Asset Risk Charge type)

This is the value of loans (direct). Loans (direct) includes financial leases and mortgages, and are typically non-negotiable on the secondary market.

Non-reinsurance recoveries receivable

(Items subject to Asset Risk Charge type)

This is the value of non-reinsurance recoveries on paid claims.

Non-reinsurance recoveries receivable is netted against insurance contract liabilities or added to insurance contract assets under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.

This amount must be consistent with non-reinsurance recoveries receivable reported in HRS 112.0.

Off-balance sheet exposures

(Items subject to Asset Risk Charge type)

This is the value of off-balance sheet exposures that are subject to the Asset Risk Charge.                                                                                                                                                                                                                                                                                                                                                                            

Other accounts payable on insurance contracts issued

(Items subject to Asset Risk Charge type)

Other accounts payable on insurance contracts issued reflects any other amounts due but not paid relating to insurance contracts. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.

Other accounts payable on insurance contracts issued is netted against insurance contract assets or added to insurance contract liabilities under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.

This amount must be consistent with other accounts payable on insurance contracts issued reported in HRS 112.0.

Other accounts receivable on insurance contracts issued

(Items subject to Asset Risk Charge type)

Other accounts receivable on insurance contracts issued reflects any other amounts due but not received relating to insurance contracts. This may include (but is not limited to) levies, taxes, rebates, fees and commissions.

Other accounts receivable on insurance contracts issued is netted against insurance contract liabilities or added to insurance contract assets under AASB 17.

This must exclude any amount already allowed in insurance liabilities determined under HPS 340 to avoid double counting.

This amount must be consistent with other accounts receivable on insurance contracts issued reported in HRS 112.0.

Other assets subject to Asset Risk Charge

(Items subject to Asset Risk Charge type)

This is the value of the accounting assets that have not been reported elsewhere in:

·      cash and cash equivalents;

·      current tax assets;

·      deferred tax assets;

·      derivatives (assets);

·      investments in related entities (associates, joint ventures, subsidiaries);                                                                                                                                                                                                                    

·      interest rate investments (direct);

·      equities (direct);

·      property (direct);

·      loans (direct); or

·      indirect investments.

This does not include assets in excess of the concentration limits set out in Prudential Standard HPS 117 Capital Adequacy: Asset Concentration Risk Charge or assets which are deducted from capital base of the health benefits fund or general fund such as surplus in defined benefit superannuation funds of which the private health insurer is an employer-sponsor.

Additionally, this excludes the following items from the AASB 17 balance sheet:

·      insurance contract assets; and

·      reinsurance contract assets.

Other liabilities subject to Asset Risk Charge

(Items subject to Asset Risk Charge type)

This consists of all other accounting liabilities of the health benefits fund or general fund not separately reported under deferred tax liabilities or derivatives (liabilities).

Additionally, this excludes the following items from the AASB 17 balance sheet:

·      insurance contract liabilities; and

·      reinsurance contract liabilities

Other reinsurance assets

(Items subject to Asset Risk Charge type)

This is the value of the central estimate of any asset recognised by the health benefits fund or general fund that relates to reinsurance other than:

·      reinsurance recoverables on outstanding claims;

·      amounts receivable on reinsurance contracts held; and

·      expected reinsurance recoveries.

Premiums receivable

(Items subject to Asset Risk Charge type)

This is the value of unpaid premiums in relation to direct insurance business and inwards reinsurance business. Unpaid premiums include premiums that are due to be received, unpaid premiums available for collection, and premiums not yet available for collection. Insurers must include all unpaid instalment premiums.

This amount includes unpaid premiums in relation to unclosed business. Unclosed business refers to business written close to the balance date where acceptance of risk is prior to the balance date but there is insufficient information to accurately identify the business. This includes insurance policies that have not been processed, but for which a reporting insurer is liable at the valuation date.

Premiums should be gross of reinsurance and commissions, before profit share rebates, and inclusive of stamp duty, policy fees, loadings and discounts.

For inwards reinsurance business, if there is a legal right of set-off within the underlying reinsurance contract, report the amount after set-off against other amounts payable to the cedant under that reinsurance contract. If the amount is a net payable position to the cedant, report the amount under claims payable. If there is not a legal right of set-off, report the amount receivable without set-off. Also refer to the definition of claims payable.

Premiums receivable is netted against insurance contract liabilities or added to insurance contact assets under AASB 17.

Premiums receivable must be reduced by the amount that is likely to become uncollectable in the future.

This amount must be consistent with premiums receivable reported in HRS 112.0.

Private health insurer fund type

This refers to either the health benefits fund or the general fund.

Property (direct)

(Items subject to Asset Risk Charge type)

This is the value of property held by the health benefits fund or general fund, in accordance with the classification and measurement basis under the relevant Australian Accounting Standards.

Property stress

(Stress scenario type)

This is the impact on the health benefits fund’s or general fund's capital base of changes in property and infrastructure asset values and is calculated in accordance with HPS 114.

Real interest rates downwards stress

(Stress scenario type)

The real interest rates stress measures the impact on the fund’s capital base of downward changes in real interest rates. It also affects nominal interest rates.

This item is calculated in accordance with HPS 114.

Real interest rates upwards stress

(Stress scenario type)

The real interest rates stress measures the impact on the health benefits fund’s or general fund's capital base of upward changes in real interest rates. It also affects nominal interest rates.

This item is calculated in accordance with HPS 114.

Reinsurance recoverables on outstanding claims

(Items subject to Asset Risk Charge type)

This is the value of the central estimate of reinsurance recoverables in relation to reinsurance contracts for outstanding claims. This item does not include amounts that do not comprise an executed and legally binding reinsurance contract as per Prudential Standard HPS 112 Capital Adequacy: Measurement of Capital (HPS 112).

Rental yield used in determination of property stress

(Yields used in stress scenarios type)

This is the average rental yield for the property assets, based on current leases, and net of expenses.

Risk charge component

This item is calculated for each stress scenario type as the greater of zero and the impact on the fund’s capital base amount.

If the impact on the fund’s capital base is less than zero then the risk charge component is equal to the absolute value of the impact on the fund’s capital base.

If the impact on the fund’s capital base is greater than zero then the risk charge component is zero.

Stress scenario amount

This the contribution of the relevant items towards the change in capital base under the stress scenario types.

Specifications of the stresses are determined in accordance with HPS 114.

Stress scenario type

This consists of the stress scenarios that must be applied to individual items under HPS 114. The scenarios are:

·        real interest rates upwards stress;

·        real interest rates downwards stress;

·        expected inflation upwards stress;

·        expected inflation downwards stress;

·        currency upwards stress;

·        currency downwards stress;

·        equity stress;

·        property stress;

·        credit spreads stress; and

·        default stress.

Yields used in stress scenarios percent

This is the percentage values of yields used in stress scenarios type.

Yields used in stress scenarios type

This consists of the types of yields used in stress scenarios that must be applied to individual items under HPS 114. The yield types are:

·        dividend yield used in determination of equity stress;

·        rental yield used in determination of property stress; and

·        earnings yield used in determination of property stress.

1

Private Health Insurer Fund Type

·         Health benefits fund

·         General fund

Report the private health insurer fund type.

2

Private Health Insurer Fund Name

Free text

Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.

In the event an insurer has only one health benefits fund, its name should be the same as the insurer.

For the general fund, report the same name as the insurer.

3

Items Subject To Asset Risk Charge Type

Accounting assets subject to stress:

·           Cash and cash equivalents

·           Current tax assets

·           Interest rate investments (direct)

·           Equities (direct)

·           Property (direct)

·           Loans (direct)

·           Indirect investments

·           Deferred tax assets

·           Derivatives (assets)

·           Investments in related entities (associates, joint ventures, subsidiaries)

·           Other assets subject to Asset Risk Charge

Accounting liabilities subject to stress:

·           Deferred tax liabilities

·           Derivatives (liabilities)

·           Other liabilities subject to Asset Risk Charge

HPS 340 Insurance liabilities subject to stress:

·           HPS 340 outstanding claims liabilities

·           HPS 340 premium liabilities

·           HPS 340 risk equalisation transfers

·           HPS 340 other insurance liabilities

·           HPS 340 deferred claims liability

Capital regulatory receivable adjustments subject to stress:

·           Premiums receivable

·           Non-reinsurance recoveries receivable

·           Other accounts receivable on insurance contracts issued

Capital regulatory payable adjustments subject to stress:

·           Claims payable

·           Amounts payable on reinsurance contracts held

·           Other accounts payable on insurance contracts issued

HPS 340 reinsurance assets subject to default stress:

·           Reinsurance recoverables on outstanding claims

·           Amounts receivable on reinsurance contracts held

·           Expected reinsurance recoveries

·           Other reinsurance assets

Off balance sheet exposures subject to stress:

·           Off-balance sheet exposures

Report the items subject to Asset Risk Charge type.

Items categorised under accounting assets subject to stress must exclude the following items from the AASB 17 balance sheet:

·      Insurance contract assets; and

·      Reinsurance contract assets.

Items categorised under accounting liabilities subject to stress must exclude the following items from the AASB 17 balance sheet:

·      Insurance contract liabilities; and

·      Reinsurance contract liabilities.

4

Adjusted Pre-Stress Amount

Whole dollars

Report the adjusted pre-stress amounts on a look-through fair value basis. Report items as positive values. HPS 340 risk equalisation transfers are to be reported as a negative value where receivables are expected from the Risk Equalisation Special Account.

1

Private Health Insurer Fund Type

·         Health benefits fund

·         General fund

Report the private health insurer fund type.

2

Private Health Insurer Fund Name

Free text

Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.

In the event an insurer has only one health benefits fund, its name should be the same as the insurer.

For the general fund, report the same name as the insurer.

3

Items Subject To Asset Risk Charge Type

Accounting assets subject to stress:

·           Cash and cash equivalents

·           Current tax assets

·           Interest rate investments (direct)

·           Equities (direct)

·           Property (direct)

·           Loans (direct)

·           Indirect investments

·           Deferred tax assets

·           Derivatives (assets)

·           Investments in related entities (associates, joint ventures, subsidiaries)

·           Other assets subject to Asset Risk Charge

Accounting liabilities subject to stress:

·           Deferred tax liabilities

·           Derivatives (liabilities)

·           Other liabilities subject to Asset Risk Charge

HPS 340 Insurance liabilities subject to stress:

·           HPS 340 outstanding claims liabilities

·           HPS 340 premium liabilities

·           HPS 340 risk equalisation transfers

·           HPS 340 other insurance liabilities

·           HPS 340 deferred claims liability

Capital regulatory receivable adjustments subject to stress:

·           Premiums receivable

·           Non-reinsurance recoveries receivable

·           Other accounts receivable on insurance contracts issued

Capital regulatory payable adjustments subject to stress:

·           Claims payable

·           Amounts payable on reinsurance contracts held

·           Other accounts payable on insurance contracts issued

HPS 340 reinsurance assets subject to default stress:

·           Reinsurance recoverables on outstanding claims

·           Amounts receivable on reinsurance contracts held

·           Expected reinsurance recoveries

·           Other reinsurance assets

Off balance sheet exposures subject to stress:

·           Off-balance sheet exposures

Report the items subject to Asset Risk Charge type.

Items categorised under accounting assets subject to stress must exclude the following items from the AASB 17 balance sheet:

·      Insurance contract assets; and

·      Reinsurance contract assets.

Items categorised under accounting liabilities subject to stress must exclude the following items from the AASB 17 balance sheet:

·      Insurance contract liabilities; and

·      Reinsurance contract liabilities.

4

Stress Scenario Type

·           Real interest rates upwards stress

·           Real interest rates downwards stress

·           Expected inflation upwards stress

·           Expected inflation downwards stress

·           Currency upwards stress

·           Currency downwards stress

·           Equity stress

·           Property stress

·           Credit spreads stress

·           Default stress

Report the stress scenario type.

Default stress must be assigned to the data items under HPS 340 reinsurance assets subject to default stress.

5

Stress Scenario Amount

Whole dollars

Report the stress scenario amount.

A negative number indicates a reduction in the capital base.

Report decreases to assets and increases to liabilities as negative values. 

Report increases to assets and decreases to liabilities as positive values.

1

Private Health Insurer Fund Type

·         Health benefits fund

·         General fund

Report the private health insurer fund type.

2

Private Health Insurer Fund Name

·         Free text

Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.

In the event an insurer has only one health benefits fund, its name should be the same as the insurer.

For the general fund, report the same name as the insurer.

3

Assets Subject To Credit Spreads Stress Type

·         Bonds & other non-securitised assets

·         Structured / securitised assets

·         Re-securitised assets

Report the assets subject to credit spreads stress type.

4

Counterparty Grade Type

·         Grade 1 (Government)

·         Grade 1 (Other)

·         Grade 2

·         Grade 3

·         Grade 4

·         Grade 5

·         Grade 6

·         Grade 7

Report the counterparty grade type.

5

Credit Spread Fair Value Amount

Whole dollars

Report the credit spread fair value amount.

6

Credit Spread Stressed Amount

Whole dollars

Report the credit spread stressed amount.

1

Private Health Insurer Fund Type

·         Health benefits fund

·         General fund

Report the private health insurer fund type.

2

Private Health Insurer Fund Name

Free text

Report the name of the private health insurer fund type. This is in the event an insurer has multiple health benefits funds.

In the event an insurer has only one health benefits fund, its name should be the same as the insurer.

For the general fund, report the same name as the insurer.

3

Yields Used In Stress Scenarios Type

·         Dividend yield used in determination of equity stress

·         Rental yield used in determination of property stress

·         Earnings yield used in determination of property stress

Report the yields used in stress scenarios type.

Dividend yield used in determination of equity stress is only required if the risk charge component for the equity stress is greater than zero.

Rental yield used in determination of property stress is only required if the risk charge component for the property stress is greater than zero due to property assets. If rental yields and falls in value have been determined separately for each property asset, enter an estimate of the average rental yield for this item.

Earnings yield used in determination of property stress is only required if the risk charge component for the property stress is greater than zero due to infrastructure assets.

4

Yields Used In Stress Scenarios Percent

Percentage

Report the yields used in stress scenarios percent.