Solvency II - Lloyd's

2.11 QMC247: Movement of reported but not settled (RBNS) claims
Purpose of form: This form reports information for each line of business and material currency, runoff/movement
of non-life claims portfolios, in terms of both claims paid and RBNS claims.
This form is required for all reporting years combined and will be required on an annual basis.
This form must be reported by each Solvency II line of business and for each currency reported in QMC243.
2.12 QMC248: Loss distribution profile - non-life
Purpose of form: This form reports the development of the distribution of the claims incurred per
underwriting/accident year at the end of the financial year.
This form should be completed for direct business only. It will be required for all reporting years combined
and on an annual basis.
Start and End claims incurred: The start claims incurred shows the start amount of the interval within which
risks with year-end incurred between the start amount and the end amount must be aggregated per
underwriting year. The end claims incurred shows the end amount of the interval within which risks with yearend
incurred between the start amount and the end amount must be aggregated per underwriting year. This
is based on set loss distribution brackets and these have been determined at the Lloyd’s level based on
expected syndicates’ loss distribution. It shows the syndicate’s loss distribution profile.
Claims incurred: This is the sum of gross claims paid and gross outstanding amounts (RBNS) on a case by
case basis for each claim, open and closed, which belongs to a specific accident year/underwriting year
(AY/UWY). The syndicate should report only its share of claims incurred.
Historical data, starting from the first time application of Solvency II (i.e. 1 January 2014), is required on a
best efforts basis. Hence, the first pure year required to be reported separately will be 2000 and reporting on
a best efforts basis will only apply for 2013 and prior. The number of accident/underwriting years must extend
yearly to 15 years to be in line with the length of the run-off triangles in QMC243.
2.13 QMC249: Underwriting risks (peak risks)
Purpose of form: This form reports, for each Solvency II line of business, the individual and market-wide risk
profile of the underwriting risks and any corresponding net retentions that are irregular in terms of nature and
size.
This form is required for all reporting years combined and will be required on an annual basis.
This form should be completed for direct business only. This form shows the twenty biggest underwriting
risks, based on net retention, across all lines of business and the two biggest underwriting risks for any line of
business not covered through this methodology. These are syndicate specific, hence syndicates will be
required to determine their respective selection.
Risk identification code: This code is a unique identifying number assigned by the syndicate that identifies
the risk within the line of business; so this code cannot be reused for other risks in the same line of business
and remains unchanged for subsequent annual returns. Syndicates should use existing risk identification
codes provided by Lloyd’s.
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