BermudaMonetaryAuthority
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Bermuda Monetary Authority
A degree of standardization has been incorporated for the Bermuda Monetary Authority to take advantage of XBRL reporting plataform, while at the same time allowing sufficient flexibility for an insurer to summarize its own unique assessment. The Bermuda Monetary Authority intends to utilize XBRL to consolidate the data, where possible, into homogeneous sets which will then be analysed to identify market trends and benchmarks. This includes a proposal to incorporate prior-year defaults (within the XBRL) to make the filing process more efficient where information has not changed.
