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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.


Join Zoom Meeting

https://zoom.us/j/97302810980


Meeting ID: 973 0281 0980

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Meeting ID: 973 0281 0980

Find your local number: https://zoom.us/u/aff6Fp5v1

Attendees

Discussion items

TimeItemWhoNotes
Introductions/AgendaEveryone
60Data DictionaryEveryone
45ValidationsEveryone
10Action Items for next weekEveryone

Minutes

Minutes

  • Anti-Trust policy review
  • Intros
    • Ash Naik
  • Data Dictionary
    • 65 Attributes on a spreadsheet sent out.
    • Plan of attack: Data dictionary first to lookup data to business rules about ingestion data.
    • Claims
      • George: Suggestion – see denied claims separately.
        • Accepted or denied for claims.
      • Accepted then will be paid if money is due.
      • Agreed to call approved
      • Claim Paid
      • Claim Paid Date
      • Claim Closed Date
      • Debate of Claim Paid and other similar fields as Booleans (0/1) or text/string (yes/no).
        • What about partial payment?
      • Discussed foreign currency payments
      • Date standard discussed
        • Global standard + time stamp
      • Policy Tab
        • Discussed states needed special data: MI, NJ, CA,
        • NAIC codes
          • State codes
        • Antitheft – enumerated list needed?
        • VIN
        • Additional safety and loss related policy values

Action items

  • Eric – Pull VIN from NHSTB for review with group
  • Dom/ASH/Peter need to develop a list of the exception states.
  • Peter needs to update the spreadsheet to reflect the decisions made today about dollar signs, geocodes, and timestamps.
  • Peter/Dom need to get an email out to everyone with summary information on Wednesday.


Recording


openIDL- RRDMWG Recording 1-28.mp4