Reporting tips December 2023 Reporting Period – February 2024
Private Health Insurance
Industry | Return and table reference | Reporting tip |
| PHI | HRS 101 Table 13 | Please do not forget to report “profit / loss after income tax attributable to members of the company”. This amount must be consistent with the amount reported under HRS 310.0. |
| PHI | HRS 110.0 Tables 1 and 2 | Please ensure that the total of funds’ capital risk charges reported under Table 1 (e.g. Asset Risk Charge) reconciles with the entity’s capital risk charges reported under Table 2. If an insurer resubmits Table 1 or 2 (e.g. due to a data error), please ensure that the corresponding item in the other table is also revised. |
| PHI | HRS 110 HRS 112 | Please note that the prescribed capital amount reported under HRS 112 returns must be consistent with the amount reported under HRS 110 returns. |
| PHI | HRS 112.0 Table 1 HRS 300.0 | Please note that “net assets of the fund” reported under Table 1 of HRS 112.0 must reconcile with “net assets” reported under HRS 300.0 for a fund. |
| PHI | HRS 300.0 | Please separately report a receivable / payable under the risk equalisation scheme determined for the purposes of accounting reporting for HRS 300.0. The receivable / payable can be reported as a positive or negative value as appropriate. |
| PHI | HRS 114 | Please note that “adjusted pre-stress amounts” within Table 1 and “credit spread stress amount” within Table 3 are to be reported as positive numbers. If an insurer decides to report an item as a negative number, there must be a reason. |
| PHI | HRS 114.0 Table 1 HRS 115.0 | Please note that the following items must reconcile between the amounts reported under HRS 114.0 and HRS 115.0.
|
General Insurance
Industry | Return and table reference | Reporting tip |
| GI | GRS 112.0 Table 1 | Please note that Category C insurers do not need to complete Table 1 of GRS 112.0. Table 1 applies to non-Category C insurers only. For clarity, all general insurers must complete Table 2 of GRS 112.0. |
| GI | GRS 110 GRS 112 | Please note that the prescribed capital amount reported under GRS 112 returns must be consistent with the amount reported under GRS 110 returns. |
| GI | GRS 114 | Please note that “adjusted pre-stress amounts” within Table 1 and “credit spread stress amount” within Table 3 are to be reported as positive numbers. If an insurer decides to report an item as a negative number, there must be a reason. |
| GI | GRS 114.0 Table 1 GRS 115.0 | Please note that “GPS 340 net outstanding claims liabilities” and “GPS 340 net premium liabilities” reported under GRS 114.0 Table 1 must reconcile with “net OCL – total” under GRS 115.0 and “net PL – total” under GRS 115.1. |
Life Insurance
Industry | Return and table reference | Reporting tip |
| LI | LRS 110.0 Tables 1 and 2 | Please ensure that the total of funds’ capital risk charges reported under Table 1 (e.g. Asset Risk Charge) reconciles with the entity’s capital risk charges reported under Table 2. If an insurer resubmits Table 1 or 2 (e.g. due to a data error), please ensure that the corresponding item in the other table is also revised. |
| LI | LRS 110 LRS 112 | Please note that the prescribed capital amount reported under LRS 112 returns must be consistent with the amount reported under LRS 110 returns. |
| LI | LRS 112.0 Table 1 LRS 300.0 | Please note that “net assets of the fund” reported under Table 1 of LRS 112.0 must reconcile with “net assets” reported under LRS 300.0 for a fund. For a life insurer (not a friendly society), “net assets of the fund (after seed capital adjustments)” is equal to “net assets of the fund”. |
| LI | LRS 200.0 Tables 1, 2, 3, 4, 5 and 7 | Please note that all components of past and future premium liabilities (e.g. present value of expected premiums) are to be reported as positive numbers. If an insurer decides to report an item as a negative number, there must be a reason (e.g. PV of retrocession commission is larger than PV of gross commission). |
| LI | LRS 114 | Please note that “adjusted pre-stress amounts” within Table 1 and “credit spread stress amount” within Table 3 are to be reported as positive numbers. If an insurer decides to report an item as a negative number, there must be a reason. |