[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-253778-105":53,"doc-detail-253778-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","flash-report-instructions-version-20-quarterly-kpi-reporting-requirements-and-submission-guidance","Flash Report Instructions - Version 2.0 - Quarterly KPI reporting requirements and submission guidance","","Flash Report instructions for managing agents outline quarterly KPI data submission for each syndicate, including tracking actuals against plan and forecast and summarising syndicate financial performance for the period. The guide specifies required reporting cadence, exceptions for “Syndicate in a Box” and captives, the two-part structure (Excel template plus narrative), preparation basis and formatting conventions, key APM inputs, consistency and re-submission triggers, and the complete SecureShare submission process and naming rules.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":11,"@type":70,"position":76},"https://docshare.wps.com/template/presentations/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/flash-report-instructions-version-20-quarterly-kpi-reporting-requirements-and-submission-guidance/253778/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/flash-report-instructions-version-20-quarterly-kpi-reporting-requirements-and-submission-guidance/253778.png","ImageObject",442,249,{"name":88,"@type":89},"Aurora","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-28","2026-09-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"Who must submit the Flash Report and how often?","Question",{"text":109,"@type":110},"Managing agents submit the Flash Report quarterly for each syndicate, except syndicates classified as “Syndicate in a Box” or “Captives” (Premiums \u003C £50m), which submit only at Q2 and Q4.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What are the two parts of the Flash Report?",{"text":114,"@type":110},"The Flash Report includes (1) an Excel-based template using the current version (Final v2) and (2) narrative explaining the syndicate’s financial performance, in an agent-chosen format such as PDF, Word, or PPT.",{"name":116,"@type":107,"acceptedAnswer":117},"How should values and exchange rates be handled for aggregation by Lloyd’s?",{"text":118,"@type":110},"Include the exchange rate from the chosen reporting currency to GBP in the template settings, report KPI template values in thousands (‘000), and follow the sign convention: income positive and expenses negative.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},253778,1791744305,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":8,"category_name":11,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":9},4810365810221,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Flash Report Instructions  \nVersion 2.0  \nThe Flash Report collects quarterly KPI data for each syndicate, tracking actuals against plan and forecast and summarising the financial performance of the syndicate for the period. This data is used by Lloyd’s to support the preparation of market-wide commentary for use in financial reporting, analyst presentations, rating agency meetings, etc.  \n1. Reporting Requirements  \n1.1 Managing agents are required to submit the Flash Report on a quarterly basis for each syndicate, except for syndicates which are classified as a ‘Syndicate in a Box’ or ‘Captives’ (where Premiums are \u003C£50m) , which are only required to submit at Q2 and Q4 .  \n1.2 The Flash Report comprises two parts:  \n• An Excel-based template. Managing agents are required to use the current version – Final v2 – which is available on the Lloyd’s website (Syndicate Accounts & Financial Reporting>Specifications) under Flash Reports ; and  \n• Narrative on the financial performance of the syndicate for the period. The format of the narrative is at the discretion of the Managing Agents (pdf, word, ppt, etc) . Managing Agents are encouraged to share commentary that already exists for internal purposes, such as committee papers, etc provided it reflects the messaging behind the KPI movements shown in the template.  \n2. Basis of Preparation  \n2.1 The data collected in the Flash Report template should be prepared in line with the basis of preparation of the Syndicate Accounts (refer to the Syndicate Accounts Instructions) .  \n2.2 All data should be on a whole syndicate (i.e. all reporting years of account combined) basis, there is no requirement to report by reporting year of account.  \n2.3 The reporting currency is at the discretion of the managing agent.  \n2.4 To facilitate aggregation by Lloyd's:  \n• the exchange rate from the chosen reporting currency to GBP should be included in the template settings;  \n• all values reported in the KPI template must be reported in thousands (‘000); and  \n• signage of values reported must follow a prescribed convention: income should be positive, and expenses should be negative.  \n2.5 The ‘Upcoming Year GAAP FY Plan’ column is only required to be reported from Q3 onwards each year. The values reported in this column in Q4 are expected to match Q3, unless there are approved changes to the plan which have been discussed with Lloyd’s.  \n2.6 For the most part, the data collected represents standard insurance industry KPIs. In addition, Lloyd’s has defined alternative performance measures (APMs) to explain the movement in the combined ratio. To calculate these APMs Lloyd’s requires net claims incurred to be reported in the following components:  \n• Major Claims: represents the net claims incurred in relation to any losses which have been given a catastrophe code by XCS in the current reporting year – [i.e. codes](i.e. codes) issued since 1 January. These codes can be found on the Lloyd’s website : Catastrophe Codes-Lloyd's  \n• Prior Year Development: represents the under / over provision of reserves relating to prior accident years in comparison to the claims outstanding at the beginning of the year; and  \n• Attritional Claims: represents the balance of net claims incurred that is neither Major Claims nor Prior Year Development.  \n2.7 These APMs are also required to be disclosed at class of business level in the ‘Additional Disclosures’ input tab. The classes of business listed are consistent with the disclosure requirements of the Syndicate Accounts.  \n3. Consistency  \n3.1 It is acknowledged by Lloyd’s that as the submission date is earlier than the Syndicate Accounts at Q2 and Q4 , there may be some variances compared to the data submitted in the Syndicate Accounts.  \n3.2 As the data in the ‘Additional Disclosures’ tab will be used by Lloyd’s to populate the financial highlights section in the interim and annual report, a re-submission of the Flash Report template is required if there are variances a","cbCaiapbvIC9fIdn","https://ap.wps.com/l/cbCaiapbvIC9fIdn","pdf",137220,"English","# Reporting Requirements\n## Basis of Preparation\n## Consistency\n## Submission\n## Timetable","[{\"question\":\"Who must submit the Flash Report and how often?\",\"answer\":\"Managing agents submit the Flash Report quarterly for each syndicate, except syndicates classified as “Syndicate in a Box” or “Captives” (Premiums \\u003c £50m), which submit only at Q2 and Q4.\"},{\"question\":\"What are the two parts of the Flash Report?\",\"answer\":\"The Flash Report includes (1) an Excel-based template using the current version (Final v2) and (2) narrative explaining the syndicate’s financial performance, in an agent-chosen format such as PDF, Word, or PPT.\"},{\"question\":\"How should values and exchange rates be handled for aggregation by Lloyd’s?\",\"answer\":\"Include the exchange rate from the chosen reporting currency to GBP in the template settings, report KPI template values in thousands (‘000), and follow the sign convention: income positive and expenses negative.\"}]","Flash Report Instructions - Version 2.0 - Quarterly KPI reporting requirements and submission guidance | PDF",1789270057]