Regulatory Alerts1991-12-20
Added · Updated
Statistical Statement for B.A.-Auto, All Risks, and Transport Insurance (Direct Insurance Transactions in Belgium)
The Insurance Control Service mandates a new statistical reporting format for B.A.-auto, All Risks, and Transport insurance lines to facilitate post-audit profitability and technical provision controls. Insurers must adapt their internal systems to this new structure, which consolidates these lines into a single form with specific column definitions for 33 product categories and 93 product groups. The new form becomes mandatory for the 1993 financial year, while both old and new forms apply to 1992 data where possible. The document details specific accounting treatments for operating costs, investment returns, technical reserves, and additional statistical tables requiring 10- or 20-year loss development breakdowns.
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