Document ID: chunk:federal_register_of_legislation:F2021L00345:reg:23:p2
Version: federal_register_of_legislation:F2021L00345
Segment Type: reg
Provision Reference: reg 23 (pt 2/11)
Character Range: 19120–23261

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  This information is only used for cross-referencing by APRA – it will not be published except in any individual data reports prepared for the insurer concerned.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)

                                                                          Public  &
Class                                                                     Products    Professional Risk
Public liability (pure)                                                   PUB
Products liability (pure) and product recall                              PRO
Mixed public/products cover ('Broadform' liability)                       BRD
Construction liability                                                    CON
Cyber Insurance                                                           CYB
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
Management Liability                                                                  MAN
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