Financial Call Frequently Asked Questions

General Questions
Go to on the internet and enter your user ID and password.
If you are a new carrier reporting data to NYCIRB for the first time, contact NYCIRB at for this information. If you have simply forgotten this information, or are a new user in your company, refer to your company’s FDRA coordinator to obtain this information.
Detailed explanations and instructions for completing each call form are contained on the Rating Board website. If, after reading this material, you still have questions, or do not understand the data element(s) that is (are) being requested, please email NYCIRB at
Detailed instructions and recordings for navigating FDRA are included on the FDRA website. If, after reviewing the material, you still have questions, do not understand some aspect of the system, or have a problem accessing the system, please email NYCIRB at with your question. Do Not contact the vendor.
FDRA requires that you completely fill in and submit the Acknowledgement Form before access to any call form is allowed.
By statute, the Rating Board must make its annual loss filing with the New York Department of Financial Services no later than May 15. Strict adherence to the call deadlines is essential for this deadline to be met.
Time for staff to review and compile the call data in New York is very limited. See the answer to the previous question.
Requests for extensions for the reporting of a specific call must be in writing and submitted to the Rating Board prior to the due date. The request for an extension must include a detailed reason(s) why the extension is considered necessary.
Extensions are granted for only unusual and unavoidable circumstances. For example, extensions will not be granted: if the request is received on or after the call due date; if a carrier has not yet submitted the Acknowledgement Form; if a carrier has ‘just forgotten’ about the call(s); if FDRA or call instructions have not been read; if the reason for the request is ‘I was out of the office and do not have a back-up person’; if the reason for the request is ‘there are too many calls and I am unable to complete the New York calls on time; if a carrier’s submission has failed numerous edits.
First, when a carrier resubmits data, especially after the due date, a download of the database for the affected call must be rerun and re-verified to determine what effect the resubmission has on the aggregate ratemaking data. This is time-consuming and hinders staff’s ability to compile the necessary data for the filing in a timely manner. Second, the system cannot differentiate between an inadvertent submission and a legitimate submission of a carrier’s data, so the rerun must always take place. Third, there is a built-in feature in FDRA that allows the user to save a working copy of any call form prior to its submission.
In our experience, most of the time, the need for extensive staff time has been found to be the result of a carrier’s failure to read either the call instructions and/or the FDRA instructions. The staff cannot be a substitute for not reading these important references. As the due date for a call approaches, the Rating Board’s limited actuarial resources must utilize its time to compile and analyze the submitted data.
The system contains a series of data edits that are in place to ensure data quality. Due to the importance of the data for ratemaking, all errors must be fixed before a submission will be accepted. Refer to the list of edits in the Financial Data Call Edits tab.
If the current data is correct, a prior call may be the cause of the edit failure. FDRA carries forward the last accepted calls (last resubmission, if applicable) from the previous call seasons for edit and comparison purposes. Make sure that the version of a previous call in the system matches your company records; you may need to review and correct errors in the prior year’s call.
You need to return to the acknowledgement page of FDRA and check ‘Will Submit’ for the call and resubmit the acknowledgement form. There is no charge for resubmitting the acknowledgement form.
DSR is Designated Statistical Reporting level and is the Rating Board rate or loss cost level. Prior to 10/1/08, the Rating Board published full rates, and rate deviations were permitted in New York. The DSR level was the premium before, or without, the effect of the deviation. Thus, DSR premium would be higher than premium at company level. Subsequent to 10/1/08, the Rating Board publishes loss costs and carriers must load these loss costs for expenses and profit to calculate their own rates. DSR level is, then, the premium before, or without, the effect of a carrier’s loss cost multipliers. Thus, DSR level premium is lower than premium reported at the company level.
The requirement to report IBNR remains in effect for the current Financial Data Calls.