Data Initiative Announcement

As of the RAPA Fall Meeting the Data Initiative is pleased to announce the release of Version 3 of “Reinsurance Reporting Guidelines and Best Practices”The new items are – Partial Conversions added to the Conversions Matrix, “New Client” reporting guidelines and templates, Claims Reporting Guidelines.  The “New Client” section is not only excellent if you are new to reinsurance reporting, but also a good reference for a quick understanding of what is important in reinsurance reporting. 

This document was created through the RAPA Data Initiative to be used as a guide for best practices in reinsurance administration and reporting. It covers topics such as treaty implementation, overall data quality guidelines, and accurate reporting of conversions/continuations among other topics. It also contains usable templates to assist in reporting and a form that can be used to communicate reporting changes to your business partners. We urge you to utilize this document as a reference tool, to assist in training, as a way to understand the impact of poor quality data and to enhance data quality processes.   

Please select the following link to review the document: Reinsurance Reporting Guidelines and Best Practices – Version 3 [15 October 2015] or you can access the document on the RAPA website at http://reinsadmin.org/initiatives/

Please contact Genevra Pflaum, genevra.pflaum@hlramerica.com, with any questions or feedback.