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Insurance Regulatory Reporting Checklist

Ensure seamless compliance & avoid penalties. Our Insurance Regulatory Reporting Checklist simplifies the complex landscape, streamlining your submissions and minimizing risk. Stay audit-ready with this essential tool.

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Data Gathering & Validation

1 of 8

Ensuring accurate and complete data collection from various sources for regulatory reporting.

Policy Count (Active)

Claims Reported

Cut-off Date for Data

Data Source

Data Fields Verified

Data Validation Notes

Reporting Form Selection & Completion

2 of 8

Identifying the correct reporting form based on regulatory requirements and filling it out accurately.

Reporting Form Type

Reporting Period

Policy Count - Life

Policy Count - Auto

Claim Ratio

Report Submission Date

Notes/Comments

Calculations & Reconciliation

3 of 8

Performing necessary calculations and reconciling data with internal records.

Gross Written Premium

Losses Paid

Expense Ratio

Combined Ratio

Reserve Adequacy Ratio

Reconciliation Method

Reconciliation Date

System & Technology Checks

4 of 8

Verifying data integrity and system functionality related to regulatory reporting.

System Uptime Percentage (Last 24 Hours)

Data Encryption Status (At Rest)

Access Control Verification Performed?

Last System Security Patch Applied

Number of Failed Data Transfers

Description of any system errors encountered during reporting

Legal & Compliance Review

5 of 8

Ensuring compliance with relevant laws, regulations, and reporting guidelines.

Applicable Regulatory Framework(s)

Summary of Key Compliance Risks

Date of Last Legal Review

Confirmation of Legal Counsel Review

Record of Legal Counsel Comments/Recommendations

Supporting Legal Documentation (e.g., Opinion Letters)

Submission & Archiving

6 of 8

Submitting the completed report to the regulatory body and archiving records for audit trails.

Submission Date

Submission Time

Submission Method

Confirmation Number (if applicable)

Confirmation Receipt (if applicable)

Notes/Comments Regarding Submission

Documentation & Audit Trail

7 of 8

Maintaining thorough documentation of the reporting process for audit and review purposes.

Date of Report Preparation

Description of Data Sources Used

Preparer Signature

Report Version Number

Summary of Key Assumptions Made

Supporting Documentation (e.g., calculations)

Name of Preparer

Version Control & Updates

8 of 8

Managing versions of reporting forms and processes to reflect regulatory changes.

Last Updated Date

Version Number

Summary of Changes

Reason for Update

Previous Version Number

Supporting Documentation (e.g., Regulation PDF)

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