Self-insured losses

An agency must record the valuation and basis for valuation of self-insured retained losses.

If your agency self-insures through insurance deductibles, you must value and record the financial impact  in your financial reporting.

VMIA can assist you to estimate your self-retained exposure through an online data capture and estimate tool. This tool is recommended for agencies with deductibles exceeding $250,000. 

More information

Insurance attestation resources
Frequently asked questions

If you require additional assistance please email contact@vmia.vic.gov.au or phone (03) 9270 6900.

Insurance attestation - self-insured losses

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Page last updated: 19 April 2017