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Date

27 Sep 2023

Andrew Regis

Nathan Southern 

Peter Antley 

Jefferson Braswell 

Michael Payne

Greg Williams

Brian Mills

Sean Bohan 

Kelly Kemp

Attendees

This is a weekly series for The Regulatory Reporting Data Model Working Group. The RRDMWG is a collaborative group of insurers, regulators and other insurance industry innovators dedicated to the development of data models that will support regulatory reporting through an openIDL node. The data models to be developed will reflect a greater synchronization of data for insurer statistical and financial data and a consistent methodology that insurers and regulators can leverage to modernize the data reporting environment. The models developed will be reported to the Regulatory Reporting Steering Committee for approval for publication as an open-source data model.

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Minutes

I. Introductory Logistics - Peter Antley, AAIS

II. General updates

A. Joseph and Mason working on backend implementation for OLGA

B. NE PoC Kickoff happened yesterday

1. Data Standards/Elements discussed
2. Defining storm needs to be done also what are the mechanisms for getting the data, and how to go about solving the problems
   1. States need to be clarified/defined - ahead of doing by zip code
   2. What accident dates are legit
   3. What causes of loss
   4. Related brainstorming/Q&A
      1. Spreadsheet listing out causes of loss, the dates, the pertinent dates
      2. Peter did preliminary research 
   5. Starting with internal lists in dem catastrophe table - contains dates, states and cause of loss codes
   6. Began with what states Isaias hit and when it made landfall
   7. Will be requesting data sets that start on a specific date - this will give us 4-5 months of claim data 
   8. Areas will be filtered out that were unimpacted by Isaias
   9. It makes sense to begin with July because there was storm surge before actual landfall.
   10. We also want to begin with official definition of when the storm started - + date range can be tailored
   11. Next question - re: cause of loss codes: AAIS could determine this organically after we define the specific event
   12. AAIS has a geographical table with corresponding codes for all of the counties.

Discussion items

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