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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.

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PA - Recap

Shift from Mongo to PostgreSQL

Calculated EP - EP came out to same values that Mr. Harris made

Next hurdle with PostgreSQL - working with the loss records. Records have been loaded

First big milestone: producing outstanding records - i.e., how much money is outstanding. Records usu. put out quarterly, most important ones are the most recent

'Valid records' - most recent record wrt occurrence also paired with covg.

'Stale record' - an older record repl. with a newer one 

PA: split groups up correctly, same # of valid & stale records

Some minor concerns wrt query #s - it appears this has been worked out via data engineer

Code updated wrt precision. tables have been updated to accommodate camel case

we are using 2 schemas in database - master scheme (openidl_base - raw transaction. records) + transaction schema (openidl_EP). 

PA: will finalize some of granular details with Mr. Harris in the coming week. We're seeing a smooth transition to postgreSQL


PA - questions: none presented.


Looking ahead:

(Table) PA has finished EP column, working on car years. Working on breaking out additional columns

Has worked out bodily injury, property damage, earned premium, car years. Will be refining and producing reports accordingly.


Goals

Discussion items

TimeItemWhoNotes




Action items

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