Reporting Requirements for Property & Casualty Insurance Companies

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  • Date: January 2023
 
Return titleDate of submissionFrequencySubject to LEFPCanadian P&CForeign P&C
P&C Quarterly Supervisory (PC1/PC2)45 daysQuarterly✔YesYes
P&C Annual Supervisory (PC1/PC2/PC3)60 daysAnnual✔YesYes
P&C Quarterly - Unstructured (971)45 daysQuarterly✔YesYes
60 daysAnnual✔YesYes
Minimum Capital Test (MCT)/Branch Adequacy of Assets Test (BAAT) Quarterly (PC4)45 daysQuarterly✔YesYes
60 daysAnnual✔YesYes
MCT/BAAT - Unstructured (974)45 daysQuarterly✔YesYes
60 daysAnnual✔YesYes
Auditor's Report on MCT (650)90 daysAnnual✔YesNo
Auditor's Report on BAAT (655)May 31 Table footnote aAnnual✔NoYes
Auditor's Report to the Superintendent (625) - Canadian60 daysAnnual✔YesNo
Auditor's Report to the Superintendent (625) - Reinsurers90 daysAnnual✔YesNo
Auditor's Report to the Superintendent (625) - ForeignMay 31 Table footnote aAnnual✔NoYes
Appointed Actuary's Report (605)60 daysAnnual✔YesYes
AAR - Excel File (600)60 daysAnnual✔NoNo
Financial Condition Testing (FCT) (610)Various Table footnote bAnnual✔YesYes
External Review Report - AAR (615) Table footnote dVarious Table footnote cAnnualblank YesYes
External Review Report - FCT (608) Table footnote dVarious Table footnote cAnnualblank YesYes
External Review Report - CAR (609) Table footnote dVarious Table footnote cAnnualblank YesYes
External Review Report - Other (607) Table footnote dVarious Table footnote cAnnualblank YesYes
ORSA Key Metrics Report (OP)Various Table footnote eAnnualblank YesYes
ORSA KMR - Unstructured (915)Various Table footnote eAnnualblank YesYes
Earthquake Exposure Data Return (659)May 31Annual✔YesYes
Unpaid Claims and Loss Ratio Exhibits (661)60 daysAnnualblank YesYes
P&C Business Plan (640)Max 60Annualblank YesYes
Worldwide Financial Statement (645)VariousAnnualblank NoYes

Table footnotes

Table footnote a

ICA Subsection 644(1)

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Table footnote b

Earlier of: 30 days after presentation to Board of Directors/Chief Agent, and one year after fiscal year-end

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Table footnote c

Earlier of: December 31 or 30 days after transmission to the Audit Committee or to the Chief Agent

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Table footnote d

ERR for the AAR(615) and FCT(608) will be automatically scheduled; the CAR(609) and Other(607) must be requested by contacting RA-RRS.Support@osfi-bsif.gc.ca or at 613-991-0609

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Table footnote e

Submitted to OSFI at least annually and within 30 days of report being reviewed by the Board of Directors / signed off by the Chief Agent

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