OSFI releases updated instructions for filing unpaid claims and loss ratio analysis electronically

The Office of the Superintendent of Financial Institutions (OSFI) has released updated instructions for insurers in filing Unpaid Claims and Loss Ratio Analysis Exhibit data through the automated data transfer system.

The only change from prior years is a revision in the file names, OSFI said in a letter. Both insurers and reinsurers are now asked to use the same naming convention.

For insurers using the PricewaterhouseCoopers software, files with the correct names will be automatically created.

Instructions published by the Autorité des marches financiers should be consulted for guidance on filing the Unpaid Claims and Loss Ratio Analysis Exhibit data with the Autorité.