2018 Financial Call Season

Posted Date: September 26, 2017
    

In preparation for the upcoming 2018 Financial Call reporting season, this article is the central source of information on Financial Call reporting.

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September 2017

As announced in Circular CALLS-2017-02, highlights of the 2018 Financial Call Season are as follows:

  • Financial Call reporting requirement changes consist of the following:
    • The final expansion of reporting years for Policy Year and Calendar-Accident Year Calls
    • For Call #10, Texas will be added as a required state for the reporting of Schedule Rating and Other Prospective Premium Adjustments (refer to Circular CALLS-TX-2017-01 for additional requirements)
    • For Call #31 only, Texas will be added as a required state for reporting Large Loss and Catastrophe claims (refer to Circular CALLS-2017-01 for additional requirements)
    • For Call #31, large deductible policies with large loss claims will be included for all Call states (refer to Circular CALLS-2017-01 for additional requirements)
  • The updated Financial Call Reporting Guidebook will feature the following revisions:
    • Revised Financial Call Edit Matrix
    • Updated Designated Statistical Reporting (DSR) Levels
  • The Aggregate Data Quality Incentive Program (ADQIP)—new Financial Call data to Unit Statistical data comparisons (refer to Circular DQ-2017-01) assessment
  • The Financial Data Collection tool will be updated to incorporate the following:
    • Additional reporting requirements and expansions of Calls #10, #31, and #33
    • Batch Processing Enhancement: increased performance time for validating and submitting

November 2017

  • Release of the updated Financial Call Reporting Guidebook

December 2017

  • Release of the updated Data Quality Guidebook

January 2018

  • The Financial Data Collection tool will be available for submitting Call data valued as of December 31, 2017
  • NCCI's 2018 Data Educational Program will include classes on Financial Call Data Reporting