Insurance regulators have agreed to participate in a data call to collect data related to business interruption insurance and COVID-19. This data will assist state insurance regulators and others, in the course of analysis of the financial condition of commercial insurers to understand which insurers are writing business interruption coverage, the size of the market, the extent of exclusions related to COVID-19, and claims and losses related to COVID-19. If you do not write business interruption coverage in association with the aforementioned lines of business, you do not need to comply with this request.
If your company wrote business interruption coverage in the Participating Jurisdictions (listed here) in 2019 or 2020, your company is hereby being requested to complete both parts of the COVID-19 business interruption data call.
In accordance with the deadlines described below, each part of the data call should be filed via the NAIC Regulatory Data Collection (RDC) application. Submissions must be aggregated and filed as a group unless insurer is not part of a group. A group/company contact will need to be assigned to file the report in the RDC application. Filing requires a myNAIC account username and password as well as the following role: COVID_User_PR.
Please submit your information on a group basis, aggregating the data for ALL companies within your group into one premium file and one claim file for each report date. If your company is not part of a group, please put the company code in both the group and company code fields on the Intro tab of the spreadsheet. Group Code and Company Code are required fields in the template. If your submission does not include both a group and company code your submission will be rejected in the system. This data call DOES INCLUDE admitted and non-admitted domestic insurers which could include surplus lines insurers if they are domiciled in a U.S. state or territory. Alien insurers are excluded from this data call.
The contact person assigned to submit the data file should send an email to email@example.com requesting:
- myNAIC account setup (if not already setup), and;
- the role COVID_User_PR assigned.
PART 1 : BUSINESS INTERRUPTION PREMIUM AND EXPOSURE
Letter Issued: Anticipated May 11, 2020
Data Due From Companies: June 1, 2020
Template COVID_BI_Premiums contains an information tab for group/company codes and submission contact information as well is information on premium written for businessowners policies and other than businessowners policies (e.x. commercial multiple peril, allied lines, inland marine, etc.). A document containing data definitions can be found here. Using the template, please fill in your information no later than the due date listed above. Files should be named COVID_BI__Premiums_# (# = group or company code of filing entity).
PART 2 : BUSINESS INTERRUPTION CLAIMS AND LOSSES
Letter Issued: Anticipated May 11, 2020
Data Due From Companies: Monthly, beginning on June 15, 2020
Template COVID_BI_Claims contains an information tab for group/company codes and submission contact information as well is information on claims and losses for businessowners policies and other than businessowners policies (e.x. commercial multiple peril, allied lines, inland marine, etc.). A document containing data definitions related to Part 2 of the COVID data call can be found here. A document containing data definitions can be found here. Using the template, please fill in your information no later than the due date listed above. Files should be named COVID_BI__Claims_# (# = group or company code of filing entity). Each recurring submission may be the same, the file date will be captured within the spreadsheet.
Parts may be added to collect data on additional Property & Casualty lines of business as needed.
PLEASE USE GOOGLE CHROME TO SUBMIT YOUR FILE.
Refrain from using special characters in your file AND file name (dashes, parenthesis, quotes, hash, dollar signs, etc.).
Please direct login questions to firstname.lastname@example.org.
COVID Business Interruption Data Call Letter
Please send questions regarding the content of the data call to email@example.com.