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Monthly loss report and nil return

Every entity files a loss report for every month. A month with no losses is filed as a formal nil return, so silence is never mistaken for a clean month. The period freezes when the RMC accepts the report.

Who may do it: the Entity Risk Manager files the month; the RMC accepts it. See Roles and permissions.

  1. Open the monthly loss report for the month.
  2. Check the loss events the system has gathered for the month: every event of the team reported by the month end, except rejected ones, each with its record status and its movement in the month.
  3. If there were no loss events, file a nil return.
  4. Submit the report to the RMC.
  1. Open the submitted report.
  2. Accept it. The period freezes: its figures no longer change, and it enters the loss data set.

The accepted months feed the loss report pack — the monthly or quarterly pack for the RMC in one export — and, through report-up, the group’s monthly report, which assembles every entity’s month on one shared template.

  • A nil return is a filing. A month with no report and no nil return shows as not filed.
  • A frozen period does not change.
  • Each entity files its own month. A parent reads what its subsidiaries have filed and cannot file for them. See Subsidiary-Independence and Report-Up-Only.
  • Who filed and who accepted are stamped. See Who-filed is stamped.