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.
RRDMWG OpenIDL is inviting you to a scheduled Zoom meeting.
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Find your local number: https://zoom.us/u/aff6Fp5v1
Attendees
- Megan Ebling
- George Bradner
- Ken Sayers
- Chudwick, Susan R
- Andy Case
- Ash Naik
- Dominique Miller (Deactivated)
- Kevin Petruzielo (The Hartford)
- Kristin McDonald (Deactivated)
- Libby Crews
- Lori Dreaver Munn (Deactivated)
- Peter Antley
- Peter Weinstein
- Ruturaj Waghmode (Deactivated)
- Ryan Blakeney
- Sandra Darby
- Sean Bohan
- Eric Lowe
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- Anti Trust Read
- Review Agenda
- Review of Attributes for the claim- Dale Harris
- Two sections- Claim Identifier & Claim Activity
- Claim Identifier
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- Policy effective date
- We may used use the same policy number for multiple years
- Claim identifier/number
- Vehicle Identification Number
- Driver
- Might want to add the license number
- Cautious of personal identification out to the world
- Can create an index
- Could be in harmonized claim storer but, we don’t have to share
- Cautious of personal identification out to the world
- Might want to add the license number
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- Activity date
- If a payment is being made and when the payment occurs
- Date The date that the change is being made
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- Paid LAE
- Claimant identifier
- Determined we would like to keep
- Denied claims (a topic we can come back to and discuss)
- Denied claims is a topic we will have with all lines of business
- Captured in the claim identified
- Futuristically it would be something that we would want to know
- With respect to stat reporting, it is not captured currently
- Claim status connotation
- Subrogation- loss
- Subrogation- LAE
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- Has to do with the individual
- Carfax-information is coming form from the different shops where the repairs are being done (whole other discussion, decided to table)
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- Any additional topics
- Coverages
Recording
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Action items
- Peter Antley to put policy effective date, transaction effective date, from Eric original report
- For next week—do a quick overview of what we’ve done that past few weeks
- Peter Antley to condense everything into 1 document and send out to everyone to look at and provide notes on for next week- to send out by Wednesday (1/26) EOD
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