2022-05-17

Differences Between Quarterly Insurer Survey and Insurer Return

Regulators have aligned the Quarterly Insurer Survey and Insurer Return collections following feedback on better integration. While item definitions are identical, the Insurer Return requires more granular business class reporting while the Quarterly Insurer Survey requests a more detailed breakdown of investment assets. Derivatives in the Quarterly Insurer Survey are now split into investment and non-investment purposes to reflect these structural differences.

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1 A note on differences between the Quarterly Insurer Survey and Insurer Return In the Insurer Return trials we received a lot of feedback on better alignment between the Quarterly Insurer Survey (QIS) and the Insurer Return (IR). We have factored this into the redevelopment of both collections. There is now a high level of alignment between the two collections, though some minor differences remain.

  1. The definitions of items that appear in both collections are identical.
  2. More granular business class reporting is requested in the Insurer Return. Business classes in the QIS are simple aggregations of these business classes (see mapping diagrams below).
  3. A more detailed breakdown of investment assets is requested in the QIS. Investment assets in the IR are simple aggregations of these investment assets.
  4. Investment assets in the QIS remain the same as those issued for the second practice submission, with one minor exception. Derivatives will be split into those that are for investment purposes and those that are not for investment purposes. Figure 1 Mapping of classes of business between the IR and QIS: Life insurance classes of business Insurer Return Quarterly Insurer Survey Participating Traditional Participating Participating Investment Investment￾Linked Investment linked Investment Account Lump Sum Individual Lump sum benefits Lump Sum Group Disability Inc. Individual Disability income Disability Inc. Group Annuity Annuity Credit Life Ins. Other life insurance Other Life Insurance Archived

2 General insurance classes of business Insurer Return Quarterly Insurer Survey Commercial Property Commercial Property Commercial Motor Commercial Motor Marine & Aviation Marine & Aviation Liability Liability Other Commercial Other Commercial Domestic Property Domestic Property Domestic Motor Domestic Motor Personal Accident Other general insurance Travel Credit General Ins. Oth. Personal Lines Health insurance classes of business Insurer Return Quarterly Insurer Survey Health Individual Health Health Group Archived