Reporting

We maintain a reporting framework that gives insurers clear visibility into reserves, claims activity, and the daily value of the segregated accounts backing their programs. The structure is designed to feel familiar to insurers while introducing the benefits of onchain transparency and real-time valuation.

Each reinsurance program sits inside its own segregated account, allowing earned premium, reserves, claims, and collateral yield to be tracked independently. This separation makes NAV fully traceable and ensures that performance for one program never affects another.

NAV and APY Methodology

Net Asset Value (NAV) is calculated internally by our insurance committee and published onchain each day through independent oracle providers. The NAV incorporates:

• Premiums earned that day

• Remaining reserves

• Paid claims

• Collateral yield

• Adjustments for expected or reported losses

Annualized percentage yield (APY) reflects two core drivers:

1. Underwriting performance, based on premium earned over the risk period

2. Collateral yield, earned by the reserve assets held in the account

Because NAV updates daily and premiums are earned on a linear basis, insurers can monitor account performance in real time without relying on periodic statements.

Reserve Tracking

Premiums are paid upfront and fully reserved for potential claims. As coverage progresses, premium is earned daily and contributes to NAV.

Claims that fall within modeled expectations are paid from reserved premium and do not affect NAV or APY. Only claims that exceed expectations may result in a capital drawdown.

Inside each segregated account, we track:

• Earned premium

• Unearned premium

• Claim reserves

• Collateral allocations

• Claim payments

Because each account is isolated under Bermuda’s SAC framework, all accounting movements remain tied to the specific program they support.

Program Reporting and Claims Processing

Insurers provide regular reporting so we can track exposure, premium movements, and any new claims. These submissions typically include:

• Policy activity and exposure data

• Premium written and adjustments

• Endorsements or cancellations

• Reported claims with supporting documentation

We use this information to maintain accurate reserves and confirm that each segregated account reflects the current risk profile. When a claim is validated, payment is issued directly from the capital allocated to that specific program.

Claims follow a structured review process using the documents supplied by the insurer. Because each program has its own segregated account, approved claims are always paid from the same pool of capital that holds the premium and reserves for that exposure. This prevents cross-program impact and keeps all financial movements isolated and transparent.

Daily onchain NAV updates reflect the effect of each claim, making the full claim lifecycle – reporting, validation, and payment – easy to verify in real time.

Portfolio-Level Transparency

To provide broader visibility, we offer aggregated portfolio metrics through our Transparency Dashboard. While we do not disclose cedent identities, the dashboard highlights the following which allows insurers to understand how their program fits within the overall capital base supporting ONyc:

• The mix of specialty lines and ILWs

• Coverage periods

• Aggregate limits and premiums

• Expense ratios

• Deal structures and exposure distribution

Key components of our reporting environment include:

• Daily onchain NAV updates reflecting premium, reserves, claims, and collateral yield

• Regular program reporting from insurers

• Internal reserve calculations for exposure, earned premium, and expected losses

• Portfolio-level metrics via the Transparency Dashboard

This combination of traditional reporting and continuous onchain transparency gives insurers real-time insight into the collateral supporting their program and provides partners with confidence that every segregated account is fully funded and independently verifiable.