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Title: To CEOs of all Non-Life Insurance Companies (Except ECGC)
Reference No.: IRDA/NL/CIR/MISC/129/06/2012
Date: 08/06/2012
Submission of Half Yearly Reports related to Trade Credit Insurance Busines
With reference to Para 11 of IRDA circular IRDA/NL/CIR/Cre/205/12/2010 dated 13.12.2010, which mandates non-life insurance companies to submit regular reports to the Authority regarding the performance of Trade Credit Insurance portfolio.
 
With a view to maintain consistency in reporting and better analysis of the credit insurance portfolio, the authority has devised certain forms for reporting under credit insurance, which are presented in the table below:
 

Form No
Form Name
Frequency
Form 1
Policy-holder wise SI and premium under trade credit insurance (for domestic sale)
Half Yearly/ Yearly
Form 1A
Policy-holder wise SI and premium under trade credit insurance (for export sale)
Half Yearly/ Yearly
Form 2
Policy-holder-buyer wise claim reserves and claims paid (for domestic sale)
Half Yearly/ Yearly
Form 2A
Policy-holder-buyer wise claim reserves and claims paid (for export sale)
Half Yearly/ Yearly
Form 3
Policy-holder-buyer wise claims recoveries (for domestic sale)
Half Yearly/ Yearly
Form 3A
Policy-holder-buyer wise claims recoveries (for export sale)
Half Yearly/ Yearly
Form 4
Credit Insurance Performance Review (For domestic and Export Policies)
Half Yearly/ Yearly

 
 
 
Therefore, all non-life companies are advised to submit yearly report for the financial year 2011-12 in the prescribed formats, within 15 days of receiving this circular.
 
Further on, all insurance companies will submit these forms within 30 days of expiry of Half year (half yearly reports) and the financial year (yearly report).
 
These forms will also be submitted in excel format by email to the following email IDs
 
The copy of prescribed forms is enclosed herewith the circular.
 
 
 
 
(Randip Singh Jagpal)
Joint Director
 
 
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