Initial information flows

Members send their reports concerning loss events (EV), according to a predetermined record layout, as well as the exposure indicators (EI) to the Dipoweb platform on a bi-annual basis. The initial information flows consist of the same number of records as the EVs generating an Effective Gross Loss of at least 5,000 euros with respect to an individual entity and having a date of occurrence, or, should this date be unknown, a date of discovery, after 31 December 2002.

Feedback

Personalized feedback, made available on Dipoweb, substantially concerns the same data contained in the records received by DIPO: each record describes a single loss event. After verifications have been performed, the data is processed by the Technical Secretariat, so as to enrich the feedback provided with parameters such as MUT (Mean Under Threshold - 90th percentile), peer groups and their legal category. Obviously, special attention is made to ensure that all steps are taken to guarantee confidentiality of data.
The feedback file concerning a specific report also contains, besides the new updated records concerning the period, previous feedback, which has been recalculated by taking into account updated information, modifications and deletions reported in the interim by members.

The following types of feedback are envisaged:

a) Feedback on events with respect to individual entities (FEE): This flow contains detailed information concerning loss events reported to DIPO by all members. Apart from the data on losses regarding the last reporting period, it also contains information on all the events reported in the previous semesters and takes into account the updates/modifications received from members up to the date the data is processed. The FEE flow also contains the records concerning the deletion of events not meeting the threshold. Each member will find the fields “Group Code” and “Reporting Entity” highlighted only with respect to the events it has reported, while such information will not be available with respect to those regarding other members.

Categories of fields contained in the feedback (FEE):
♦ Record type (entry, updates, deletions, modifications)
♦ Continuous event
♦ Event Type - level 1
♦ Event Type - level 2
♦ State of the event
♦ Geographical macro-area
♦ Date of occurrence/discovery of the event
♦ Effective Gross Loss
♦ Provisioning component
♦ Data on insurance collection and other
♦ Information for Data Scaling and Filtering
♦ Systemic events

b) Feedback on events at the group level (FEG): This flow contains detailed information regarding all the events reported to the Technical Secretariat by DIPO members and it is different from the FEE as the events reported by the various reporting entities are included in a single group event. Moreover, the EGL field is net of inter-group collections. As FEE, FEG not only contains data on losses regarding the last reporting period, but also information on all the events reported in the previous semesters also taking into account the updates/modifications received from members up to the date the data is processed. Each member will find the fields “Group Code” and “Reporting Entity” highlighted only with respect to the events it has reported, while such information will not be available with respect to those regarding other members.

c) Flows containing MUTs calculated per entity (ME): This flow contains detailed information regarding MUTs calculated per entity belonging to members by event period, business line and event type. Actually, while for what concerns FEG the two pieces of necessary information for data scaling purposes are contained in the file itself, it was not possible to include all the MUTs of the various entities belonging to a member in FEG. This problem was resolved by creating the ME flow.

ABIServizi S.p.A.
DIPO - ITALIAN DATABASE OF OPERATIONAL LOSSES
Piazza del Gesù 49 - 00186 Roma - P.IVA 00988761003
www.dipo-operationalrisk.it - dipo@abi.it