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Financial Sector (Collection of Data) determination No. 62 of 2006 - Reporting Standard GRS 800.2 - Claim Data: Public and Product Liability and Professional Indemnity Insurance
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Turn the raw legal text into a practical explanation grounded in Financial Sector (Collection of Data) determination No. 62 of 2006 - Reporting Standard GRS 800.2 - Claim Data: Public and Product Liability and Professional Indemnity Insurance.
Appendix A: Data Validation
As well as unit record validation, overall reasonability checks will be carried out on each insurer’s data.
With each half-yearly data submission
Various comparisons between the current reporting period and the previous period will be carried out in order to monitor data reasonability and consistency. These may include:
As well, various reasonability checks will be carried out within each period submission, including;
Other reasonability checks may be carried out on an ad hoc basis.