2025 OSFI P&C Financial Condition Testing Data Collection Template instructions

Information
Type of document
Instructions
Industry
Insurance companies
Return
Property and Casualty Financial Condition Testing Data Collection Template (OSFI952)
Return number
OSFI952

Return file

OSFI952 – P&C FCT Data Collection Template (XLSX, 369 KB)

We created the Financial Condition Testing (FCT) Data Collection Template (FCT Template) to increase the efficiency, consistency, and effectiveness of data collection.

Application

We expect all federally regulated property and casualty insurers (insurers) to complete and submit the FCT Template in accordance with the instructions provided in this document.

General instructions

We expect each insurer to complete and submit the FCT Template at the same time as it submits its FCT report.

  • Please do not alter the FCT Template.
  • We have included details on the basis and format for input (for example, thousands, basis point change, and percentage change) in the FCT Template.
  • We expect entries for some input cells to be selected from a pre-defined list (for example, scenario type, percentile, and risk category). Drop down lists are provided for those input cells.
  • We expect values (either numbers or text) to be provided in other input cells.
  • The AA is responsible for ensuring the accuracy of the FCT Template.
  • Insurers must submit one electronic copy of the FCT Template by uploading it via the Regulatory Reporting System (RRS). For security reasons, insurers should not use email to submit their FCT Template.
  • Do not security protect the FCT Template.
  • The filing instructions may be obtained on the OSFI website under File and submit a return.
  • The return code is OSFI952 – PandC FCT Data Collection Template.

We may ask insurers who fail to follow these instructions to correct and resubmit the FCT Template.

Insurers who submit the FCT Template late will be subject to the Late and Erroneous Filing Penalty Framework.

Please contact David Lim by email at david.lim@osfi-bsif.gc.ca, or your OSFI Lead Supervisor, regarding:

  • concerns on accommodating the FCT Template for submissions before June 30, 2025
  • other questions regarding the FCT Template

Please submit questions concerning electronic filing of this data in RRS to Returns Administration at RA-RRS.Support@osfi-bsif.gc.ca.

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