Homeowners Workstream: August 11, 2025

Homeowners Workstream: August 11, 2025

Time/Date:

August 11, 2025 - 2:00pm ET

Zoom Link:

https://zoom.us/rec/share/9btRLbh5nHLBV_XqFIGrll5ZD4l2uZD9TXhiavo9uDqYxQBXXzKODaoyKlEKoWFa.JQGH0BdbJIqx7KcI

Call Recording: <update>

Notices: 

This specification creating group operates under the Linux Foundation Community Specification License v1.0.

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Meeting Attendees:

Related Specifications and Repositories:

Meeting Agenda:

  1. Did everyone have a chance to consider what additional artifacts they'd like reviewed as part of this process / did everyone successfully access the shareable doc 

  2. Review of the initial project plan outline / and proposed data standard to build out (see project plan below)

  3. Discussion and feedback on the plan

  4. Next steps

  5. We’re also including a draft outline of the project plan, which we’ll walk through during the call. We welcome your input and suggestions during or ahead of time:

Draft Project Plan

Step 1: Identify a focused subset of the homeowners model to use as the basis for the data standard.

Mike Payne made a recommendation here.

Step 2: Review the artifacts contributed by Cloverleaf and others, specifically for the chosen subset.

Step 3: Review and align on standard naming conventions.

Step 4: Review applicable codes associated with the subset.

Step 5: Confirm a logical format/structure for the data standard.

Step 6: Expose Standard in Draft form to key stakeholders for feedback.

Step 7: Finalize and publish Standard.

Notes:

  • Housekeeping

  • Choosing report to show the data that comes in can fulfill that report (data in-report out)

  • Discuss validations, how to round out the smallest part that logically means we understand how this all works

  • Reports that MP provided, baseline, “exhibit to create and calculate” - HO and policy form, doesnt inc other HO fields (construction type, etc.) - have this report to fill out, can come up with ALL the possible codes added to a similar report (so we can do different reports)

  • Hand in hand but not seem to be related - dont need to be sequential, once standards are ready can modify/create new exhibits

  • Are there diff people in this workstream who want to work on one vs the other - up to the individuals on this call

  • support on drilling down into items for specific people, this week to next week there are things to work on

  • #1 goal - find gaps in what we have right now - if we find there arent really gaps speed up, and if we find gaps we can dig in

  • Do it as extensions, for the most part reinsurers will look at similar attributes for risk, so will brokers for pricing

  • RFI to Oasis (JH) to see if there are additional docs/stakeholders

  • see if we collect any new info between now and next week

  • Cat model things - beyind the scope of this first effort

  • from a foundational perspective, what we may/may not think about

  • a lot of elements in Oasis that are relevant but not all components

  • limit fields with code, maybe oasis has opinions

  • oasis comes into play whne looking at codes

  • Suggestion for name of what we should call the first standard - thoughts?

  • do we want one overarching name for the standard and extensions will be “dot-something” or every one has a different name

  • dont want to stray too far away from cloverleaf conventions

  • take a look and propose? for next meeting

  • Clarify on roles and responsibilities

  • policy forum, second lead on the workstream? need someone from CL ?

  • validators of what we are saying

  • heavy AAIS team, representation from actuarial and product

  • and other external parties

  • will make sure MikeP gets support, convo w/ RobC (CL)

  • include JT on MP bandwidth

  •  

Action Items / ToDo: