CTHRepealedLegislation
Financial Sector (Collection of Data) determination No. 24 of 2005
IntroductionIntroduction
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Introduction
The purpose of this form is to provide information on the following:
- balance of the outstanding claims provision by class of business (direct business and Reinsurance). This can be disclosed net of reinsurance and non reinsurance recoveries;
- reserves/provisions that have been released by class of business (direct business and Reinsurance);
- additions/increments in the provisions by class of business (direct business and Reinsurance).
For direct insurance business writers - for each of the following accident years:
- current accident year
- accident year 1-3 years previous
- accident year 4-5 years previous
- accident year greater than 5 years previous
For insurers writing reinsurance business – for each of the following underwriting years:
- current underwriting year
- underwriting year 1-3 years previous
- underwriting year 4-5 years previous
- underwriting year greater than 5 years previous