Class Of Business This dimension is used to categorise information according to business activity. Direct Business Report where the class of business relates to direct insurance contracts. Insurance contracts are classified as 'direct' when the reporting party has a contract directly with a policyholder that is not an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs. Medical Indemnity Report where the class of business is defined as Medical Indemnity. This includes cover provided on a discretionary basis, prior to the commencement of the Medical Indemnity (Prudential Supervision and Product Standards) Act, that indemnifies a person for claims arising from that person's practice as medical professional. Non Medical Indemnity Report any business provided on a discretionary basis that indemnifies a person for claims arising from a specified event, other than those associated with the person's practice as a medical professional. Other Business Report where the class of business has not been categorised elsewhere Reinsurance Business Report where the class of business relates to reinsurance contracts. Reinsurance contracts are insurance contracts where the policyholder is an insurer or reinsurer. Policyholder means a party that has a right to compensation under an insurance contract if an insured event occurs. Superannuation Business Report where the class of business is defined as Superannuation. Superannuation business, as defined by the Life Insurance Act 1995, means business that consists of: (a) the issuing of superannuation policies or the undertaking of liability under superannuation policies; or (b) any business that relates to business referred to in paragraph (a).