Document ID: chunk:federal_register_of_legislation:F2021L00346:reg:24:p8
Version: federal_register_of_legislation:F2021L00346
Segment Type: reg
Provision Reference: reg 24 (pt 8/8)
Character Range: 39432–40629

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 this Reporting Standard (Reporting Standard GRS 800.2 Claim Data: Public and Product Liability and Professional Indemnity Insurance), however, will provide information in accordance with this Reporting Form (GRF 800.2) where possible.