Regulatory compliance and reporting
Most of the data is automatically filled in from other modules and the remaining data can be manually amended. Reports archived in the system and subsequent changes in the database do not affect the content, but data sent. Each report is an addition to XML forms, available for printing in a PDF or HTML format.
It is a subsystem for management reporting and electronic data exchange with regulatory institutions for insurance supervision, in accordance with the legislation. Each insurance market has distinct regulatory requirements in terms of reporting. This module can be adapted to all the needs of the local regulatory framework.
It comes with two sets of predefined reports:
1. Set of reports for insurance market in Serbia:
- Monitoring cash flows CF
- D1 Deposit and investment of technical and warranty reserve
- D2 Other forms of deposit and investment guarantee reserve established business policies
- D3 individual deposit and investment of funds to cover technical reserves
- G1 premiums by type of insurance
- G2 damage by type of insurance
- G3 expenses incurred in connection with the resolution and payment of damages
- G5 Number of members and pension insurance contracts concluded
- G6 Number of claims and their status of voluntary pension insurance
- G7 balance of voluntary pension insurance funds
- G8 age and gender structure of the self-insured pension insurance as of 12/31
- KA Report on the script. balance sheet assets and vanbil. items of the insurance company to the level of recoverability
- KB sectoral balance
- BC Report on bookkeeping account balance
- L1 Monitoring liquidity indicators
- PK Quarterly report on consumer credit
- RI Provision for risk adjustment
- RS damages reserved
- S1 solvency margin
- S2 solvency margin
- S3 solvency margin – a method of damage
- SB remaining credit secured loans with the projection of next year
- SO sum insured loans in the current year by tariffs
- SR coinsurance and reinsurance
- T1 premiums by type of insurance
- T2 damage by type of insurance
- T3 izravnjavanje Reserves for risks and to participate in the profits
- T5 realized regresna claims
- T6 reinsurance premiums by type of insurance
- T7 balance of voluntary pension insurance fund as of 12/31
- T8 age and gender structure of the self-insured pension insurance as of 12/31
- CA View passive reinsurance contract
2. Set of reports for insurance market in Bosnia and Hercegovina:
| 4SR | Balance items |
| BS_D | Income of balances (Statement of financial position) |
| BU_D | Income of success (Statement of the period) |
| L1 | Report of liquidity ratios |
| NE1 | Outstanding claims – by branches |
| NEKRETNINE_1 | Report on investments in real estate (Building objects) |
| NEKRETNINE_2 | Report on investments in investment property |
| NEKRETNINE_3 | Report on the evaluation of investments in investment property |
| NSŠ | Triangulation |
| OB_IBNRBRS | IBNR Chain Ladder – number of claims |
| OB_IBNRIS | IBNR Chain Ladder – paid claims |
| OB_IBNRLS | IBNR Chain Ladder – liquidated claims |
| OB_IBNRPM | IBNR – Package method |
| OB_IBNRRS | IBNR Chain Ladder – reserved claims |
| OB_IVPOT | Statement of changes in the value adjustments of advances, receivables and loans |
| OB_KS | Qualification structure of employees |
| OB_LIKV1 | Liquidity reports |
| OB_LNS | Report an analytical review of liquidated unpaid claims |
| OB_MR | Report of the mathematical reserves |
| OB_P | Report of the bonus of insurance |
| OB_P1 | Report of the insurance bonus |
| OB_PAO | Report of premium insurance for liability of motor vehicles |
| OB_PO | View of Insurance brokers |
| OB_POT | Report of the age structure of advances, receivables and investments |
| OB_PZ1 | Statement of changes in the Life Insurance |
| OB_PZ2 | Report of the premium life insurance |
| OB_RIRS | View reserved and settled damages |
| OB_RP | Report on recourse claims |
| OB_RS | Report on the structure of gross reserves for damages |
| OB_RUD | Report on reserve for participation in profits |
| OB_S | Report on damages |
| OB_S1 | Report on damages (liquidated, reserved, authoritative) |
| OB_SAO | Report on damage liability insurance for motor vehicles |
| OB_TP | report on the acquisition costs and the state of deferred acquisition costs |
| OB_TPL | Report on transactions companies with related parties |
| OB_TSO | Report on the cost of insurance in the permitted expenses loading in non-life insurance |
| OB_TU | Report of the costs of administration |
| OB 4 | The International Transaction of insurances |
| OB_Dio _B | FOREIGN ASSETS AND INCOME |
| OB_Dio_A | PAGE LIABILITIES AND EXPENCES |
| OB_Dio_C | OTHER MATTERS |
| OB_Dio_D | OPERATING RESULT OF YOU COMPANY’S PAYMENTS AND PROPRIETARY INCOME |
| P | Monthly report for premiums |
| P-AO | Premiums liability insurance for motor vehicles |
| P-BIH | Monthly report for premiums |
| P1 | Insurance premiums |
| PK_D | Capital statement of changes |
| PO | View of intermediaries in insusrance |
| PSE | Printed and downloaded policies of strict records of required responsibility insurance |
| RP | Realized recourse receivables |
| RS | Form Š-M-RS |
| RTP | Calculation of deferred acquisition costs |
| RTP-TP | Deferred acquisition costs that are recognized as the coverage of technical reserves of non-life insurance |
| RŠ1 | Reserves for claims |
| RŠ2 | Structure of gross reserves for claims |
| TG_D | Statement of Cash Flows |
| TRNŽ | Neto technical result of non-life insurance |
| Š | Monthly report for claims |
| Š-AO | Damages in liability insurance for motor vehicles |
| Š-BIH | Monthly report for claims |
| Š1 | Reserves for claims from the previous year, reported damages in the current accounting period and not paid processed claims by the end of the accounting period |
| Š2 | Processing damages in the current accounting period |
