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GRS 800.1 Determinations/Financial (Other) as made
This instrument determines the Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2016 - Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance.
Administered by: Treasury
Registered 14 Sep 2016
Tabling HistoryDate
Tabled HR10-Oct-2016
Tabled Senate10-Oct-2016

Financial Sector (Collection of Data) (reporting standard) determination No. 16 of 2016

Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance

Financial Sector (Collection of Data) Act 2001

 

I, Steve Davies, delegate of APRA, under paragraph 13(1)(a) of the Financial Sector (Collection of Data) Act 2001 (the Act) DETERMINE Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance, in the form set out in the Schedule, which applies to general insurers within the meaning of the Insurance Act 1973.

 

Under section 15 of the Act, I DECLARE that the reporting standard shall begin to apply to those general insurers upon the date of registration of this instrument on the Federal Register of Legislation.

 

This instrument commences upon registration on the Federal Register of Legislation.

 

Dated:             6 September 2016

 

[Signed]

 

 

Steve Davies

General Manager

Statistics Division

 

Interpretation

In this Determination:

APRA means the Australian Prudential Regulation Authority.

Schedule

 

Reporting Standard GRS 800.1 Policy Data: Public and Product Liability and Professional Indemnity Insurance comprises the 28 pages commencing on the following page.


 

 

 

Reporting Standard GRS 800.1

 

Policy Data: Public and Product Liability and Professional Indemnity Insurance

 

 

Objective of this reporting standard

This reporting standard is made under section 13 of the Financial Sector (Collection of Data) Act 2001 (the Collection of Data Act).  It requires general insurers (insurers) to provide APRA with information on public liability, product liability and professional indemnity policies in force during a reporting period. 

 

Reporting requirements 

1.             If, at any time during a reporting period covered by paragraph 2, a reportable policy of an insurer is in force, the insurer must report on the policy, in accordance with the Data Specifications, by the time in paragraph 3. 

Note: reportable policy is defined in paragraph 16.

2.             For the purposes of the paragraph 1, the reporting periods are the six month period beginning on 1 January 2016 and ending on 30 June 2016 and each successive 6 month period (ending on a 31 December or a 30 June) after that.  

3.             A report required by paragraph 2 must be provided:

(a)           if the reporting period ends on 30 June – by no later than the 31 October next following the end of the reporting period; or

(b)          if the reporting period ends on 31 December – by no later than the 30 April next following the end of the reporting period, 

or such later time as APRA may determine in writing. APRA may determine a later time in writing in relation to all insurers, or a class of insurers, or one or more insurers named in the determination.

Variation of reporting periods

4.             APRA may, by notice in writing, change the reporting periods for a particular insurer so that it is required to report in respect of reporting periods based upon the insurer’s own accounting financial year.

5.             APRA may, by notice in writing, change the reporting periods for a particular insurer to require it to provide reports under this reporting standard: 

(a)           more frequently (APRA may require this when, having regard to the particular circumstances of the insurer, APRA considers it necessary or desirable to obtain information more frequently for the purposes of the prudential supervision of the insurer); or 

(b)          less frequently (APRA may do so when, having regard to the particular circumstances of the insurer and the extent to which it requires prudential supervision, and other relevant considerations, it is unnecessary to require it to provide the information on a 6 monthly basis). 

6.             If APRA changes a reporting period under paragraph 4 or 5, a report required under this reporting standard in respect of the changed period must be provided by no later than the last day of the second month after the end of the changed period or such later time as APRA may determine in writing.   

Method of submission

7.             Reports required by this reporting standard must be rendered in comma separated values (CSV) format in accordance with the Data Specifications, and must be provided electronically through the web site www.ncpd.apra.gov.au, by logging on using the relevant customer identification number and password provided by Fujitsu Australia (as agent of APRA), and following the instructions on that web site.

8.             Despite paragraph 7, APRA may, in writing, make either or both of the following determinations:

(a)           a determination that reports required by this reporting standard must be provided in accordance with alternative information technology requirements specified by APRA in the determination; and

(b)          a determination that reports required by this reporting standard must be provided to APRA or an agent of APRA at an alternative address in accordance with requirements specified in the determination.

Authorisation

9.             Reports provided by an insurer in accordance with this reporting standard must be the product of processes and controls developed by the insurer for the internal review and authorisation of the information contained in the reports.  It is the responsibility of the board and senior management of the insurer to ensure that an appropriate set of policies and procedures for the authorisation of data provided to APRA is in place. 

10.         Fujitsu Australia (as agent of APRA) will provide each insurer with a customer identification number.  If an insurer proposes to submit reports required by this reporting standard using the method in paragraph 7 (i.e. via the website), the insurer must apply for a password by viewing the web page referred to in paragraph 7, quoting the insurer’s customer identification number and following the instructions for applying for a password on that page.  Fujitsu Australia will advise the insurer’s Chief Financial Officer of the password for the insurer.  When a report is provided using the method in paragraph 7, the insurer will be required to quote its customer identification number and password.  Upon successful validation of the customer identification and password a secure session will be created and the report will be encrypted before transmission.

11.         Despite paragraph 10, or where APRA has made a determination under subparagraph 8(a) or (b) specifying an alternate method of submission, APRA may also determine in writing that: 

(a)           a specified person (who need not be the Principal Executive Officer or Chief Financial Officer) of the insurer; 

(b)          a person holding a specified position (which need not be the position of Principal Executive Officer or Chief Financial Officer) of the insurer; or 

(c)           a person authorised by the insurer to use the insurer’s customer identification number and password, 

may, or must, authorise (in a manner specified) information provided by the insurer under this reporting standard.

Minor alterations to forms and instructions

12.         APRA may: 

(a)           make minor variations to the Data Specifications (either generally, or in relation to a class of insurers, or in relation to a particular insurer) to correct technical, programming or logical errors, inconsistencies or anomalies; 

(b)          vary, omit or substitute (either generally, or in relation to a class of insurers, or in relation to a particular insurer) an occupation code or description in Appendix B to the Data Specifications, if APRA forms the view that the existing code or description is inappropriate having regard to the circumstances or business of each relevant insurer and any other relevant considerations; or

(c)           vary, omit or substitute (either generally, or in relation to a class of insurers, or in relation to a particular insurer) a specification in a Table in the Data Specifications, if APRA forms the view that the specification is inappropriate having regard to the circumstances or business of each relevant insurer and any other relevant considerations.

13.         If APRA makes such a variation it must notify affected insurers in writing.

Past reporting periods

14.         A general insurer must provide APRA with reports in respect of a past reporting period under the old reporting standard, notwithstanding that it was repealed on 8 August 2013.  For these purposes:

old reporting standard means the reporting standard  Reporting standard GRS 800.1 (2005) made by Financial Sector (Collection of Data) determination No. 30 of 2005;

past reporting period means a reporting period ending on a date between 1 June 2013 and 1 June 2016.

15.         A general insurer must provide reports to APRA under paragraph 14 of this reporting standard by 1 September 2016.  For the avoidance of doubt, where a general insurer has provided a report to APRA prior to 1 September 2016 in relation to a past reporting period, the general insurer has complied with paragraph 14.

Interpretation

16.     In this reporting standard:

agent of APRA means a person appointed under s 47 of the Australian Prudential Regulation Authority Act 1998 to receive data on behalf of APRA.

APRA means the Australian Prudential Regulation Authority established under the Australian Prudential Regulation Authority Act 1998.

Chief Financial Officer means the person having the function of chief financial officer of the insurer, by whatever name called, and whether or not he or she is a member of the governing board of the entity, and if there is no such person means a person who performs similar functions to those commonly performed by a chief financial officer.

Data Specifications means the Data Specifications in the Schedule. Fujitsu Australia means Fujitsu Australia Limited ABN 19 001 011 427. general insurer has the same meaning as in the Insurance Act 1973.  

insurer means a general insurer.

Principal Executive Officer means the principal executive officer of the insurer for the time being, by whatever name called, and whether or not he or she is a member of the governing board of the entity.

product liability insurance includes policies that provide for compensation for loss and or injury caused by, or as a result of, the use of goods. professional indemnity insurance includes:

(a)           insurance that provides cover for a professional for actions taken against that professional in tort, contract or under statute law in respect of advice or services provided as part of their professional practice, including cover in respect of damages and legal expenses;

(b)          directors’ and officers’ liability insurance and legal expense insurance; and

(c)           medical indemnity insurance. public liability insurance includes:

(a)           insurance covering legal liability to the public in respect of bodily injury or property damage arising out of the operation of the insured’s business; and

(b)          insurance in respect of environmental clean-up costs resulting from pollution where not covered by Fire and Industrial Special Risk policies.

reportable policy means an insurance policy, entered into on or after 1 January 2003, of product liability insurance, professional indemnity insurance or public liability insurance, but does not include:

(a)           reinsurance or retrocession cover;

(b)          marine insurance; or

(c)           domestic householder’s or owner’s insurance, or tenant’s liability insurance, sold in conjunction with a building or contents policy; or

(d)          an insurance policy solely in relation to an event that could neither occur in Australia nor in relation to an insured resident of Australia.

17.     For the purposes of paragraphs 3 and 6, where a report must be provided no later than a particular date, an insurer is required to ensure that the report is received by the person to whom it must be provided (whether APRA or an agent of APRA) no later than that date.


Schedule

 

Data specifications for individual policies for public and product liability and professional indemnity Insurance

Overview  

These specifications have been prepared for the purpose of defining the policy information required to be submitted by general insurers in respect of public and product liability and professional indemnity insurance.  This information will contribute to a National Claims and Policy Database (NCPD) in respect of these classes of insurance.  The intention is to create a database that holds information in respect of claims and policies for public and product liability and professional indemnity on a national basis.  State and Territory Government insurers will also contribute to the NCPD where possible.1    

Details of requirements in relation to reporting periods, method of submission and authorisation are set out in the reporting standard.  The data submitted by each general insurer will be validated by APRA each reporting period. The data validation to be performed is outlined in Appendix C.

Record Layouts and Field Specifications 

Policy Data Specifications

Policy Data

Data Item

Public          &

Products

Professional Risk

Field type[1]

1*

Insurer code

M

M

6a

2*

Class of Business

M

M

2a

3*

Record type

M

M

1a

4*

Policy Basis

M

M

1a

5*

Status

M

M

1a

6*

Month of end of Reporting Period

M

M

8n

7*

Policy number

M

M

30a/n

8*

Risk number

M

M

30a/n

9*

Product type

M

M

3a

10

Original Inception Date

O

O

8n

11

Date of commencement / inception (Term Inception Date)

M

M

8n

12*

Effective Start Date

M

M

8n

13

Term Expiry Date

M

M

8n

14*

Effective End Date

M

M

8n

15a

Gross Annualised Premium

T

T

12n

15b

Gross Earned Premium

T

T

12n

16

Gross Written Premium

M

M

12n

17a

Turnover 

S

S

25a/n

17b

Total assets

S

S

25a/n

17c

Professional fees

S

S

25a/n

17d

Total number of staff

S

S

25a/n

17e

Other

S

S

25a/n

17f

Description of “Other”

R

R

50a

18

State

O

M

3a

19

Postcode  

M

O

4n

20

Excess/Deductible/Attachment point 

M

M

12n

21

Limits of Indemnity

M

M

12n

22

Nature of Insured Organisation/Occupation

M

M

6a or 4n

23

Coinsurance proportion

M

M

6n

 

1 Date must be DDMMYYYY, no delimiter.

Key:

M – mandatory field on all records from 1 July 2004.

O – Optional field

S or T – at least one of these field must contain a value (i.e. not blank). R – Mandatory field if field 17e is used.

a – alpha

n - Numeric

 

* Fields so indicated, as a combination, must be unique.

 

Note:  Where a policy is endorsed during the reporting period, separate records should be submitted for the exposure before and after the endorsement showing the relevant factors. If there are multiple endorsements or an endorsement covering the entire policy term that duplicates the unique record key (as above), then these records must be aggregated to create a single record that contains the latest statistical data relevant to the policy. See Appendix A, scenario 3 for example exposure records.

 

Policy Record Data Field Definitions   

1.         Insurer code

A unique code assigned by APRA to each contributor

2. Class of Business

           PL = Public & Product

           PI = Professional Risk


 

3.       Record type

       P = Policy record

4. Policy Basis

           C = Claims Made basis

           L = Losses Incurred basis

5. Status

           N = New 

           R = Renewal

Code R where the insurer made a renewal offer to the policyholder and the policy was renewed, whether or not adjustments were made to policy details or coverage on renewal, i.e. there is effective continuity with the insurer, even if the policy is not technically renewed, such as with claims made policies under the Insurance Contracts Act. Code all other policy records as N.

The Status on an endorsement or cancellation should match that of the base policy. That is, endorsements on a renewed policy would have a status of 'R', while an endorsement on a new policy would have a status of 'N'. 

6. Month of End of Reporting Period

The data for each submission will relate to a six month period.  Enter as DDMMYYYY the last day of the period being reported, e.g. insert 30062004 for data relating to the six months ending 30 June 2004. 

7. Policy Number        

A unique policy identifier (which may relate to several separate risk records) by which the exposure and premium information on each individual record can be identified.  This information is only used for cross-referencing by APRA – it will not be published except in any individual data reports prepared for the insurer concerned. 

8. Risk Number  

A unique risk identifier (which may be the same as the policy number if the policy contains a single risk) by which the exposure and premium information on each individual record can be identified.  This information is only used for cross-referencing by APRA – it will not be published except in any individual data reports prepared for the insurer concerned.  


 

9. Product Type (Table 1)

 

Class

Public        &

Products

Professional Risk

Public liability (pure)

PUB

 

Products liability (pure) and product recall

PRO

 

Mixed public/products cover ('Broadform' liability)

BRD

 

Construction liability

CON

 

Environmental impairment liability

EIL

 

Excess Liability

EXL

 

Excess Umbrella

EXU

 

Umbrella covers

UMB

 

Other

PLO

 

Professional indemnity (not medical malpractice) and errors & omissions

 

PII

Association Liability

 

ASN

Directors' and Officers' liability

 

D&O

Defamation Insurance

 

DFI

Employment Practices

 

EPL

Financial Institutions Policy

 

FIP

Information & Communication Technology Insurance

 

ICT

Medical Indemnity/Malpractice

 

MAL

Superannuation Trustees

 

STL

Other

 

PIO

 

Note: where business is written as part of a package policy, the “Product type” is to be based on the nature of the cover offered, as set out in the above table.  The fact that cover is sold in conjunction with other types of insurance is not collected.  

10. Original Inception Date                                     

Enter as DDMMYYYY the date when cover under this policy was first issued to the client.  Where this information is not available, enter a hyphen (“-”).  

11. Date of Commencement/Inception (Term Inception Date)

Enter as DDMMYYYY the start date of the reported policy term. For new business this must be the same value as field 10.

12. Effective Start Date 

Enter as DDMMYYYY the start date on which the period of exposure commenced for the set of rating factors reported with this record. If the record is an endorsement, the 'effective start date' is the date on which the endorsement commenced. If the record is a cancellation, both the 'effective start date' and 'effective end date' will be the date that the policy was cancelled. Where the record is not an endorsement or cancellation, the 'effective start date' should equal the 'term inception date'.

Where there are multiple endorsements in one reporting period, each endorsement must be reported. 

Note: If there are transactions (e.g. multiple endorsements with the same effective start and end dates or an endorsement covering the entire policy term) that duplicates the unique record key, then these records must be aggregated to create a single record that contains the latest statistical data relative to the policy. Where there is an endorsement that covers the entire policy term, the endorsement record should be aggregated with the new business or renewal record to represent the endorsed policy details.

13. Term Expiry Date

Enter as DDMMYYYY the end date of the reported policy term. This date is to remain unchanged for a cancellation to enable the correct calculation of GEP.

14.      Effective End Date (for the purpose of tracking endorsements & cancellations)

Enter as DDMMYYYY the date on which the period of exposure is due to cease for the set of rating factors reported with this record. If the record is an endorsement, the 'effective end date' will be the date on which the endorsement concludes. If the record is a cancellation, both the 'effective start date' and 'effective end date' will be the date that the policy was cancelled. Where the record is not an endorsement or cancellation, the 'effective end date' should equal the 'term expiry date'

15.      Premium (This field is not used)

You can choose to submit data for either 15a (Gross Annualised Premium) or 15b (Gross Earned Premium). However, you can submit data for both items if you have it available.  

If you only provide GAP, the NCPD will calculate the GEP based on this amount. The system will not prevent you from reporting both. Where only one field is populated, the alternative field should be reported with a blank or a hyphen (“-“) but not a zero.  

15a. Gross Annualised Premium

In this field insert (your co-insured share of) the gross annualised premium in force based on the rating factors represented by this record (in whole $, no decimal points).  Exclude all statutory charges (Stamp Duty, GST, and also exclude Fire Service Levies) but include others costs (such as commissions and instalment charges). If the policy is for a term other than twelve (12) months, pro-rate the premium to a 12month period.  

Note that the premium for “short term events” cover should not be annualised. “Short Term Events” are defined as those that cover a specific period that is less than one month e.g. a sporting event over a long weekend or an annual festival.

Where a number of risks are reported separately, only the premium associated with that risk should be reported. 

Note that this is NOT the gross written premium – it is the rate of premium for a full 12 months cover based on the rating factors that apply to the policy at the effective start date (field 12).  

For the principle policy, the GAP must be reported in each and every reporting period, i.e. the original GAP amount will be reported each time the record is reported.

For an endorsement, the incremental change in GAP should be reported. For example, if the original policy was an annualised $1,000, and an endorsement to the policy increased the total premium (from inception) by $100, to $1,100, then $100 should be reported as the GAP on the endorsement record.

For a cancellation, the reported GAP amount will be the annualised amount (if any) refunded to the policy holder, stated as a negative. Negative numbers should be reported with a minus sign '-'. 

Where records are aggregated due to duplication of the unique record key, the GAP must be the combined value of the GAP for all of the aggregated records.

In some cases (particularly endorsements) it would not be unusual to have a zero annualised premium.

Leap years are taken into account when calculating GEP (policy item 15b) from GAP (policy item 15a) and then validating that result back to GWP (policy item 16).

 15b. Gross Earned Premium (GEP)      

In this field, insert (your co-insured share of) the earned amount of gross annual premium for the exposure of this policy during the reporting period (in whole $, no decimal points) between the effective start date (field 12) and effective end date (field 14).  Include the same components as for gross annualised premium.

Where a number of risks are reported separately, only the premium associated with that risk should be reported. 

For endorsements and cancellations, the GEP should still be the earned amount of gross annual premium for the exposure of this endorsement or cancellation during the reporting period (in whole $, no decimal points) between the effective start date of the endorsement or cancellation (field 12) and effective end date of the endorsement or cancellation (field 14).

For an endorsement, the GEP will recognise the value of the premium earned on the endorsement for the relevant reporting period. For example, if the written premium on the endorsement was an incremental increase of $200, the GEP reported for the endorsement would represent the premium earned during the reporting period in respect of the incremental $200 written. 

Negative numbers should be reported with a minus sign '-'. 

Where records are aggregated due to duplication of the unique record key, the GEP must be the combined value of the GEP for all of the aggregated records.

16. Gross Written Premium (GWP)

In this field insert (your co-insured share of) the gross written premium for the exposure of this policy. Exclude all statutory charges (Stamp Duty, GST, and also exclude Fire Service Levies) but include others costs (such as commissions and instalment charges).

Where a number of risks are reported separately, only the premium associated with that risk should be reported. 

For endorsements and cancellations, the incremental change in GWP should be stated.

For the principle policy, the GWP must be reported in each and every reporting period, i.e. the original GWP amount will be reported each time the record is reported.

For an endorsement, the incremental change in GWP should be reported. For example, if the original policy was for $1,000, and an endorsement to the policy increased the total premium by $200, to $1,200, then $200 should be reported as the GWP on the endorsement record.

For a cancellation, the reported GWP amount will be the amount (if any) refunded to the policy holder, stated as a negative amount. Negative numbers should be reported with a minus sign '-'. 

Where records are aggregated due to duplication of the unique record key, the GWP must be the combined value of the GWP for all of the aggregated records.

17. Risk Factor (This field is not used)

Risk factor is a measure of the relative exposure that the policy represents. This should be the total value of the organisation, not the insurer’s share of risk (but see note on policy field item 23 below).  

All fields from 17a to 17e must be provided with either a blank or a value based on the definitions below. At least one of the fields must be contain a value and if 17e contains a value then 17f must provide a brief description. Each field may be reported in whole dollars or as a band. If you report fields in bands, show the range of the band in whole dollars e.g. if turnover is up to $5 million, enter “1-5000000”, if between $20 million and $50 million, “20000001-50000000”.  Commas must be excluded from all numbers.

17a. Turnover                                                                                                           

Most recently declared annual turnover represented by this risk record. 

17b. Total Assets                                                                                                     

Most recent prior year business assets represented by this risk record.

17c. Professional Fees                                                                                           

Most recent prior year annual professional fees represented by this risk record.  

17d. Total number of staff                                              

Most recent prior year number of full-time equivalent staff members employed in the insured business or practice, whether or not members of a profession.  

17e. Other

If any of 17a, 17b, 17c or 17d contains a value, then this field must be blank. However if none is applicable then this field must contain a value and a brief description of the risk factor must be provided in field 17f.

17f. Other Description

If 17e contains a value, this field must contain a brief description of the risk factor of the value provided in field 17e.

18. State [Required for professional risk]

For professional risks, this should be the state (ACT, NSW, NT, QLD, SA, TAS, VIC and WA) where work is done; if multi-state cover is provided, include the state where the majority of work is done. For EPL and D&O, provide the state where the head office is located. This would be expected to be sourced from data for stamp duty split purpose.

Where this information is not available for public and products liability, enter a hyphen (“-“).

19. Postcode [Required for public and products liability]

Enter the Postcode of the location of the principal risk.  If not available, enter the postcode of the head office or the postal address of the policyholder.

Where this information is not available for professional risk, enter a hyphen (“-“).

20. Excess/Deductible/Attachment Point      

How much of any claim that an insured must bear before the insurer becomes liable (in whole dollars). Where different levels exist for different causes of claim, enter the excess that is most commonly applied for such policies, or where that is not available, the minimum applied.

For Liability XOL policies, the attachment point should be reported.

21. Limit of Indemnity  

Insert your (share of the) limit of indemnity in whole dollars disregarding any excess payments by the insured.

22. Nature of Insured Organisation/Occupation

For Public and Products Liability, EPL and D&O risks, use the principal classification of the business from the latest edition of Catalogue Number 1292.0 Australian and New Zealand Standard Industrial Classification (ANZSIC), published by the Australian Bureau of Statistics and available on their web site.  Provide data at the 4digit ANZSIC code level. Any reports or publications will be aggregated to the 2 digit level ANZSIC.

Residential strata owners’ liability is collected under ANZSIC classification 7711- Residential Property Operators, whereas for Commercial Property Operators it is either 7712 or the occupation code that is most closely aligned with the tenancy of the strata.

For Professional Risks (excl EPL and D&O), use the codes provided in Attachment B except for code “OMULTI” which is only for use for facility business. Where an appropriate code does not exist for the insured organisation, the first character of the appropriate industry may be used.

23. Coinsurance Proportion

Your proportion of a co-insured risk, to 2 decimal places (e.g. 66.66 for 66.66%, or 100.00 for 100%).  Advise APRA of how you record (a) turnover (b) limit of indemnity (c) premium (d) losses – 100% of the risk or just your share.  The preferred form of data submission is indicated under each individual data field in this specification. 

The expected value in this field is 100.00 if no coinsurance applies to the policy.


Appendix A: Example Treatment of Exposure Records

Insurers are to provide an initial record for each policy/risk at the start of each period with additional records each time that policy/risk changes in any way in terms of its exposure.  The following sets out the expected relationship between Gross Annualised Premium and Gross Earned

Premium for your information.  

 

Note: Start date = Term Inception Date (field 11)

Date exp from = Effective Start Date (field 12)

End date = Term Expiry Date (field 13)

Date exp to = Effective End Date (field 14)

GAP = Gross Annualised Premium (field 15a), NOT written premium. GEP = Earned Premium (field 15b).

Renewal Example

 

Endorsement Example

Back-dated Endorsement Example

Cancellation Example

                                                             


 

Appendix B: APRA Occupation Codes for Professional Indemnity

CODE

Occupation Description

A

Financial Miscellaneous occupations

AABANK

Bank

AACCNT

Accountancy – Other

AACINS

Accountancy - Insolv & Aquis

AACMAN

Accountancy - Management Service

AACTAX

Accountancy - Taxation

AACTUA

Actuarial

AAUDIT

Accountancy - Audit

ABLDSO

Building Society

ABOOKP

Bookkeeping

ABSCON

IT Business Systems

ABUSBR

Business Brokers

ACHCON

Hardware Engineering/Sec/Sales

ACLHOU

Clearing House

ACMBRK

Commodity & Futures Broking

AFBDEA

Futures Broker/Dealer

ACMCON

Computer Consultants

ACOMAU

Computer Systems Auditor

ACOMPR

Computer Programmer

ACOMSB

Computer Service Bureau

ACRMAN

Credit Management Services

ACRUNI

Credit Union

ACTCON

IT Education & training

ACUSTO

Custodian

ACWCON

Web Design

ADBTCL

Debt Collection & Mercantile Agents

AFINCO

Financial Counsellors

AFNADV

Finance Adviser

AFNBRK

Finance Broking

AFNMGR

Financial Risk Management

AFPCON

Financial Planning Consultancy

AFRANC

Franchisor

AFRIEN

Friendly Society

AFUNDM

Fund Manager

AINCON

Investment Consultancy

AINDEA

Licenced Security Dealer

AINSUR

Insurance Company

AMANIN

Managed Investment Scheme

AMERBA

Merchant Bank

CODE

Occupation Description

AMORBR

Mortgage Broker

AMORMA

Mortgage Manager

AMOROR

Mortgage Originator

APFCON

Financial Planners

ASTBRK

Stock & Share Broking

ASUPAD

Superannuation fund administrator

ASUPTR

Superannuation Trustee

ATAXAG

Taxation Agency

ATSTCO

Trustee & Executor Company

ATSTSU

Trustee Services

B

General Consultants - Miscellaneous occupations

BAGCON

Air Cargo Consultancy

BARCON

Air Pollution Consultancy

BAVCON

Aviation Consultancy

BCMCON

Communication (PR) Consultancy

BCNCON

Corrosion Consultancy

BCONCO

Convention Coordinator

BCRIMI

Criminologist

BECONO

Economist

BENCON

Environment & Pollution Consultancy

BEVMAN

Event Managers & Co-Ordinators

BFOCON

Forestry Services & Consultancy

BFOODC

Food Consultant

BHRCON

Human Resource Consulting

BIRCON

Industrial Relations Consultant

BLTCON

Telecommunication Consultants 

BMANAG

Management Consultancy

BMELON

Meteorological Consultancy

BMGCON

Migration Consultancy

BMHCON

Materials Handling Consultancy

BMNCON

Marine Consultancy

BMOCON

Marketing Consultancy

BMRCON

Market Research Consultancy

BMTCON

Materials Testing Consultancy

BNTCON

Natural Resource Consultancy

BOCCON

Oceanographic Consultancy

BODCON

Odour pollution Consultancy

BPCCON

Pest Control Consultancy

BPNCON

Personnel Consultancy

BPRCON

Public Relations Consultancy

BQUALC

Quality Assurance Consultant

BRSCON

Research Industry & Scientific

BSECON

Security Consultancy

BSOCIO

Sociologist

CODE

Occupation Description

BSOCON

Solar Energy Consultancy

BTACON

Travel Agency &/or Consultancy

BTCCON

Technical Consultancy

BTESTS

Inspection & Testing Services

BTLCON

Telecommunication Consultants

BTOCON

Tourism Consultancy

BTOOPP

Tour Operator

BTPCON

Transportation Consultancy

BTRANS

Translator / Interpreter

BTTCON

Textile Consultancy

BWCCON

Water Conservation Consultancy

BWNCON

Wine Industry Consultancy

BWPCON

Water Pollution Consultancy

C

Medical & Paramedical Miscellaneous occupations

CACUPT

Acupuncturists

CALCON

Allergy and asthma consultant

CALTHE

Alternative health services

CANAGE

Anaesthetics - general

CANAIC

Anaesthetics-intensive care

CAUDIO

Audiologist

CAUDIM

Audiometrist

CCARDI

Cardiology

CCARTH

Cardio-thoracic surgery

CCHILD

Child Care Centre

CCHIRP

Chiropodists

CCHIRO

Chiropractics

CCLCGN

Clinical genetics

CCLCHA

Clinical haematology

CCLCIM

Clinical immunology

CCLCPH

Clinical pharmacology

CCOLSU

Colorectal surgery

CCOSSU

Cosmetic surgery

CDENTI

Dentistry - oral surgery

CDENTO

Dentistry -other

CDERMI

Dermatology

CRADOL

Diagnostic radiology

CRADOG

Diagnostic radiology - Practitioner

CDIETI

Dietician

CDGALC

Drug and alcohol counselling

CENTHR

Ear, nose and throat (ENT)

CEMERG

Emergency medicine

CENDOC

Endocrinology

CENDOS

Endoscopy

CFAMSU

Facio-Maxillary surgery

CODE

Occupation Description

CGASTR

Gastroenterology

CGENME

General and internal medicine

CGENPN

General practice - no procedure

CGENPY

General Practice - procedural

CGENSU

General Surgery

CGERIA

Geriatrics

CGYNAE

Gynaecology only

CHOSTL

Hostel

CHYGCO

Hygiene consultant

CINFDS

Infectious diseases

CINTCR

Intensive care

CMEDON

Medical oncology

CMIDWI

Midwifery

CNATUR

Naturopaths

CNEONA

Neonatology

CNEURO

Neurology

CNEUSU

Neurosurgery

CNUCLR

Nuclear Medicine

CNURSS

Nursing -general

CNURSE

Nursing—nurse practitioner

CNUTRI

Nutrition

COBSGY

Obstetrics & Gynaecology

COBSTO

Obstetrics only

COCTHE

Occupational medicine

COHSCO

OHS Practitioner

COPTHA

Ophthalmology

COPTOM

Optometrist

CORALM

Oral surgery—medical

CORTSU

Orthopaedic surgery

COSTEO

Osteopathy

COTHER

Other hospital-based medical practitioner

CPAEDM

Paediatric medicine

CPAEDS

Paediatric surgery

CAMBOF

Paramedical and ambulance staff

CPATHO

Pathology

CPCHEM

Pharmacy

CPHOSP

Hospital

CPHYSI

Physiotherapy

CPLAST

Plastic surgery

CPNHOM

Nursing Home

CPODTS

Podiatry

CPSYCH

Psychiatry

CPSYCO

Psychology

CPHPRM

Public health/preventive medicine

CODE

Occupation Description

CREHSV

Rehabilitation medicine

CRENAL

Renal medicine

CRESPC

Respite Care Services

CRESPM

Respiratory medicine

CRETIR

Retirement Village

CRHEUM

Rheumatology

CSONOG

Sonographer

CSPEEC

Speech Pathologists

CSPTHE

Speech therapist

CSPINE

Spinal surgery

CSPORT

Sports medicine

CTHMAS

Therapeutic Masseur

CRADTH

Therapeutic radiology

CTHORA

Thoracic medicine

CUROLO

Urology

CVASCU

Vascular surgery

D

Legal & Para Legal - Miscellaneous occupations

DBARIS

Barristers

DCONSV

Conveyancing Services

DJPEAC

Justice of the Peace

DLGLCS

Legal Costing Services

DLNDBR

Land Broking

DMARCE

Marriage Celebrant

DPATNT

Patent Attorneys

DPRSER

Process Servers

DPTTMA

Patent & Trade Mark Attorney

DSHARR

Share Registry

DSOLIC

Solicitors

DTITLE

Title Searching

DTMCON

Trademark Development &/or Investment

E

Real Estate Miscellaneous occupations

EANVAL

Valuer - fine art

EAUCTN

Auctioneering

EBDCOR

Body Corporate Management Services

EHOTBR

Hotel & Motel Broking

ELECON

Electrical Contracting

EMTCON

Motel Management Consultancy

EPTCON

Property Consultants

EPTRPT

Property & Inspection Reports

EREACT

Real Estate Agency- Commercial

EREAGT

Real Estate Agency- Domestic

EREAHT

Real Estate Agency- Hotels

EREAIT

Real Estate Agency- Industrial

EREAPM

Property Management Services

CODE

Occupation Description

EREVAL

Real Estate Agent & Valuations

ESTMGR

Strata Title Management

F

Agricultural, Horticultural miscellaneous occupations

FAGCON

Agricultural Consultancy

FAGRON

Agronomy

FANBRE

Animal Breeders

FAQCON

Aquaculture Consultants

FARTBD

Artificial Breeding Services

FBSKAG

Bloodstock Agency

FEXPLS

Export Livestock Veterinary Consultant

FFMADV

Farm Management Advisory Service

FFMCON

Farm & Agricultural Consultant

FHTCON

Horticultural Consultancy

FMOROR

Mortgage Originator

FPPORG

Primary Production Organisation

FSSAGT

Stock & Station Agency

FVALUR

Valuer - real estate

FVETBS

Veterinary Surgeons Bloodstock

FVETEQ

Veterinary Surgeons- Equine

FVETGH

Veterinary Surgeons- Greyhound

FVETLS

Veterinary Surgeon Livestock

FVETSM

Veterinary Surgeons-Small/Pets

FVTLAB

Veterinary Laboratories

FWLBRK

Wool Broking

G

Schools, Colleges - Miscellaneous occupations

GBALSH

Ballet School & Dance Tuition

GCUBAS

Scuba Diving Instruction - COMMERCIAL

GEDCON

Education Consultancy

GKINDA

Kindergartens

GPSCHL

Private School

GSCHOL

Primary Schools

GSCUBA

Scuba Diving Instructor - recreational

GSECOL

Secondary Schools/Colleges

GTEACH

Teacher

GTRCON

Training & Development Consultants

GUNVER

Universities

H

Insurance - miscellaneous occupations

HARGEN

Authorised Representatives (general insurance products)

HARLIF

Authorised Representatives (life insurance products)

HININV

Insurance Investigation

HINSAG

Insurance Agency

HINSBK

Insurance Broking

HINSLA

Insurance Assessors & Loss Adjusters

HINSUR

Insurance Surveyor

CODE

Occupation Description

HLASAG

Life Assurance Agents

HLOSSA

Loss Assessor

HLSCON

Loss Control & Management Control

HRMCON

Risk Management Consultants

HUWAGT

Underwriting Agent

I

Local Government - Miscellaneous occupations

IADVOR

Govt. Advisory Organization

ILGTAT

Local Government Authority

IMUNCL

Municipal / Shire Councils

J

Miscellaneous occupations

JADVAG

Advertising Agency

JANTHE

Anthropologist

JARBIT

Mediation & Arbitration

JARCHE

Archaeology

JBEAUT

Beauty Therapy

JBTBKR

Boat & Yacht Broking

JBTDES

Boat & Yacht Designing

JCARGO

Cargo & Marine Surveying

JCMADV

Community Advice Centres

JCOACH

Sports Coach

JCOASS

Association - Community

JCOURI

Courier Service

JCSFAG

Customs Shipping & Forwarding

JCUSTA

Customs Agency

JDIASS

Association - Disability

JDIVSE

Diving Services

JENASS

Association - Environmental

JFAMWL

Family Welfare Organization

JFUNRL

Funeral Directing

JGPDES

Graphic design

JINVES

Investigators

JMARRC

Marriage, Family, Personal Councillor

JMNENG

Marine Engineers 

JMNSUR

Marine Surveying

JNVARC

Naval Architecture

JPHOTO

Photographer / Cameraman

JPIDES

Product & Industrial Design

JPRASS

Association - Professional

JRELIG

Religious Organisation

JRESER

Research & Development Corp

JSECRE

Secretariat Services

JSHPCH

Ship & Boat Chandelling

JSPASS

Association - Sporting

 

CODE

Occupation Description

JTDASS

Association - Trade

JTECHW

Technical Writers

JTELAN

Telephone Answering / telemarketing

JTRAUN

Trade Union

JWEASS

Association - Welfare

JWTCON

Writers Consultant &/or Service

K

Architects Miscellaneous occupations

KACHTS

Architects

KARCDR

Architectural Draughtspersons

KINTDE

Interior Designers & Fit out Consultant

KLACHS

Landscape Architecture

KLACTP

Town Planning

KPLUMB

Plumbing Consultants

L

Engineering - miscellaneous occupations

LACENG

Engineer – acoustic

LAEENG

Engineer – aeronautical

LAGENG

Engineer – agricultural

LBCERT

Building Certifiers

LBHENG

Building Hydraulic Design Engineer

LBIENG

Engineer – biomedical

LBINSP

Building Inspectors

LBLCON

Building Consultants

LBLDES

Building Designer

LBLDIN

Building Inspector - Victorian Building Act activities only

LCHENG

Engineer – chemical

LCHSCI

Chemical Scientist

LCIENG

Engineer – civil

LCONMG

Construction Management

LCONTE

Concrete Testing & Investigation

LDSCON

Drainage Sewerage & Water Supplies

LELENG

Engineer – electrical

LELINS

Electrical Inspectors

LENAUD

Environmental Auditor

LENGDT

Engineering Draftspersons

LENVEN

Engineer – environmental

LETENG

Engineer – electronic

LFPENG

Engineer - fire protection / safety

LFSENG

Foundation & Structural Engineer

LGEEON

Engineer - geo-technical - soil testing

LGEOLO

Engineer – geological

LHAENG

Engineer – harbour

LHDENG

Hydro Electric Engineering

LHMENG

Materials Handling, Process Engineer

LHVENG

Heating/Ventilation/Air-Con

CODE

Occupation Description

LHYENG

Engineer – hydraulic

LMAENG

Engineer – marine

LMCENG

Engineer – Metallurgical

LMEENG

Engineer – Mechanical

LMIENG

Engineer - mining / minerals processing

LNDCST

Non Destructive Testing Consul

LPCCST

Petrochem,Chemical,Natural Gas,Env Con

CODE

Occupation Description

LPEENG

Power & Energy Engineering

LPREIN

Pre-purchase Inspection Services

LPRMGR

Project Managers

LRFENG

Engineer – Refrigeration

LSFENG

Safety Engineering

LSTENG

Engineer – structural

LTELEC

Engineer – telecommunications

LTNPNR

Town Planners

LTRENG

Engineer – Traffic

LWASTE

Waste Management Consultants

LWWENG

Engineer - water treatment / sewage

M

Surveying Miscellaneous

MBLSUV

Building Surveyor

MCARTO

Cartographer

MCMSUV

Surveyors - Cargo and/or Marine

MCOSTE

Cost Estimators

MHYSUV

Surveyors – Hydrographic

MLDSUV

Land Surveyors

MQTSUV

Surveyor – quantity

MSUREN

Surveyor – Engineering

MSURMI

Surveyor – Mining

N

Defamation – misc

NFPROD

Film Producer

NJOURN

Journalist

NPUBLI

Publishers

NRADIO

Radio Broadcasters

NTVBRO

Televisions Broadcasters

 


 

Appendix C: Data Validation

As well as unit record validation, overall reasonability checks will be carried out on each insurer’s data.

With each half-yearly data submission

 Various comparisons between the current reporting period and the previous period will be carried out in order to monitor data reasonability and consistency. These may include:

           Change in the aggregate Gross Earned Premium, split by two digit ANZSIC code or single character occupation code;

           Changes in the total numbers of policies and claims;

           Counts of claims by various measures; causes of loss, severity or litigation status; and

           Changes in the average and total claims paid.

As well, various reasonability checks will be carried out within each period submission, including;

           Overuse of the various ‘Other’ categories and codes; and

           Comparison of the various premium fields against each other.

Other reasonability checks may be carried out on an ad hoc basis.

 

 

 



[1] State and Territory insurers are not required to comply with Reporting Standard GRS 800.1, however will provide information in accordance with this data specification where possible.