CHE
In March, we had a variance of 1.5 in our actual vs. plan for CHE, was this favourable or unfavourable?
Favourable. Our CHE was 17.7 vs a plan of 19.2.
When the report refers to "claims volumes", what is it referring to?
Claims lodged or to be lodged in the future for the current accident period, excluding cancelled and zero value claims.
What does ACS stand for?
Average Claims Size
What is GIC?
Gross Incurred Cost
What is CHE Movement?
The variance between ultimate and incurred CHE.
Is the claims volume of 4277 YTD favourable or unfavourable?
4277 is favourable. This result is driven mainly by NSW and VIC.
What is the ACS inflation percentage YTD?
8.3% inflation which is 3.5% unfavourable to the budget.
What is the recovery rate YTD and is this favourable or unfavourable?
Recovery rate is 20.3% YTD which is 0.3% above budget making it favourable.
FYTD, we have a variance of 5.5 in our CHE Movement, is this favourable or unfavourable?
Unfavourable. We always plan to have NIL CHE Movement.
Frequency YTD is trending below budget, except for which month?
Feb 2024
What is the ACS $ variance YTD?
$67.4M
How many people sit within Luke Uren's business unit?
64