Business Rules - Insurance Compliance (EN)

Core business rules of the insurance compliance domain (Solvency II + IVASS supervision). Code BR-NNN, priority High/Medium/Low. The rules describe the compliance process and do NOT constitute policy quotes, product advice or insurance advice.

> Insurance disclaimer: This section is for descriptive and informational purposes only. It does not constitute insurance advice, a policy quote or product recommendation. Always consult a qualified professional (professionista abilitato) before making operational decisions. Reference legal framework: Solvency II Dir. 2009/138/EC; IVASS Reg. (2009).

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BR-001 - Policy lifecycle via an explicit state machine

Code: BR-001 Name: Policy Lifecycle Description: Every Polizza (policy) follows an explicit lifecycle (proposal → issued → in force → expired/cancelled) with validated transitions. Inconsistent states (e.g. active and cancelled at once) are not allowed. Rationale: An explicit lifecycle ensures portfolio data consistency and correct premium earning. Priority: High Actors: Policy System, Compliance Officer Traceability: glossary Policy Lifecycle; state-machines sinistro-lifecycle.md.

BR-002 - Unearned premium reserve (UPR) for the unearned portion

Code: BR-002 Name: Unearned Premium Reserve Description: For each written Premio (premium) the corresponding premium RiservaAttuariale (actuarial reserve, UPR) must be computed for the risk portion not yet earned at the balance date. Rationale: The UPR represents the residual obligation to the policyholder; omitting it overstates the result. Priority: High Actors: Actuary, Accounting System Traceability: glossary UPR, Earned Premium.

BR-003 - Claim reserve and IBNR estimate

Code: BR-003 Name: Claim Reserve & IBNR Description: For incurred claims a claim RiservaAttuariale must be set, including the estimate of incurred-but-not-reported losses (IBNR), typically derived from development triangles. Rationale: The claim reserve measures the future obligation; IBNR covers the lag between occurrence and reporting. Priority: High Actors: Actuary Traceability: glossary Claim Reserve, IBNR, Loss Triangle.

BR-004 - Solvency capital requirement (SCR/MCR)

Code: BR-004 Name: Solvency Capital Requirement Description: The undertaking must hold eligible own funds covering the SolvibilitàII SCR and the MCR. Coverage below the MCR triggers Supervisory Authority intervention. Rationale: The capital requirement ensures the ability to meet obligations even under adverse scenarios. Priority: High Actors: Actuarial Function, Supervisory Authority Traceability: Solvency II Dir. 2009/138/EC Art. 100-129; glossary SCR, MCR.

BR-005 - Periodic supervisory reporting (QRT/SFCR)

Code: BR-005 Name: Supervisory Reporting Description: The undertaking must produce quantitative templates (QRT) and the SFCR at the prescribed frequency, in structured format (XBRL), for the Supervisory Authority. Rationale: Reporting enables prudential supervision and market transparency. Priority: Medium Actors: Reporting Function, IVASS/EIOPA Traceability: Solvency II Dir. 2009/138/EC Art. 35, 51; glossary QRT, SFCR.

BR-006 - Product information document (IPID/IDD)

Code: BR-006 Name: Product Information Description: Every distributed non-life insurance product must be accompanied by the information document (IPID) under the IDD, consistent with the customer's demands and needs. Rationale: Informational transparency safeguards the policyholder along distribution. Priority: Medium Actors: Distribution Channel, Compliance Officer Traceability: IDD Dir. (EU) 2016/97; glossary IPID, IDD.

BR-007 - Claims handling via documented assessment

Code: BR-007 Name: Claims Handling Description: Every SinistroDenunciato (reported claim) follows a documented assessment evaluating coverage before settlement or rejection. The decision and rationale are recorded. Rationale: The assessment ensures fairness and reconstructability of settlement. Priority: High Actors: Adjuster, Surveyor Traceability: glossary Claims Settlement; state-machines sinistro-lifecycle.md.

BR-008 - Risk governance (ORSA)

Code: BR-008 Name: Own Risk and Solvency Assessment Description: The undertaking must periodically perform the ORSA, assessing its risk profile and the adequacy of own funds against its strategy and forward-looking scenarios. Rationale: ORSA links risk management to capital planning in a forward-looking manner. Priority: Medium Actors: Risk Management Function, Board Traceability: Solvency II Dir. 2009/138/EC Art. 45; glossary ORSA, ERM.