# VRA and NVGA reports

**URL:** <https://community.novulo.com/t/vra-and-nvga-reports/842>\
**Category:** Insurance\
**Created:** [December 10, 2025, 2:13pm UTC](https://community.novulo.com/t/vra-and-nvga-reports/842 "2025-12-10T14:13:58Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![Jurg](https://yyz2.discourse-cdn.com/flex008/user_avatar/community.novulo.com/jurg/32/1670_2.png) [@Jurg](https://community.novulo.com/u/Jurg)\
**Post date:** [December 10, 2025, 2:13pm UTC](https://community.novulo.com/t/vra-and-nvga-reports/842/1 "2025-12-10T14:13:58Z")

</div>

# Purpose

As an underwriter, you’re required to periodically share clear and reliable insights into your delegated insurance portfolio.  
In Novulo, you can easily generate the **VRA (Volmacht Result Analysis)** and **NVGA** reports to provide both financial and operational transparency to insurers and regulators.

These reports ensure compliance with standards from the **Verbond van Verzekeraars (VvV)** and the **Nederlandse Vereniging van Gevolmachtigde Assurantiebedrijven (NVGA)**, while helping you monitor your portfolio’s performance.

# Understand the VRA and NVGA Reports

| Report | Purpose | Focus | Frequency |
| --- | --- | --- | --- |
| **VRA – Volmacht Result Analysis** | Provides financial insight into the delegated portfolio | Premiums, claims, commissions, reserves, and result distribution | Quarterly |
| **NVGA Report** | Complements the VRA with operational and compliance details | Premium collection, settlements, policy counts, and commission flows | Quarterly |

> 💡 _Tip:_ The VRA and NVGA reports are often generated together to ensure data consistency and audit readiness.

# Purpose of the VRA Report

The **VRA** is the standardized report prescribed by the **Verbond van Verzekeraars**.  
It enables both the **underwriter (MGA)** and the **insurer** to:

- Monitor the financial performance of the delegated portfolio.
- Verify whether the delegated authority agreement is being followed.
- Benchmark results across different underwriters.

The report typically includes:

- Premium income
- Claims costs
- Commissions and expenses
- Reserves
- Distribution of the financial result between the MGA and insurer

_The VRA format is usually prescribed by the insurer or the Verbond template._

# Purpose of the NVGA Report

The **NVGA** report complements the VRA with more detailed operational and compliance data.  
It provides transparency for both the insurer and supervisory authorities such as **AFM** and **DNB**.

The report includes:

- Premium collection and settlements
- Claims reserves and payments
- Policy counts, renewals, and cancellations
- Management expenses and commission flows

Use these reports to:

- Demonstrate compliance and transparency
- Facilitate insurer and regulator supervision
- Improve operational efficiency within the insurance value chain

# Running the VRA and NVGA Reports in Novulo

You can generate both reports directly from your Novulo application.

1. Go to **All apps → Management → VRA report**.
2. Click on the plus icon to start a new report.  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/b/b020a481bc7f796021d6b6b091d4ba9bd869cc46.png)
3. Choose the organisation and write an description (e.g., Q1, Q2, Q3, or Q4).  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/4/444e6aad22f3d56ea337c949089ac96d30bd08aa.png)
4. Click **Save**.
5. Click on the newly appeared button Generate report (Geneer rapporten)  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/0/037097da74314f4dfe58aafdac7bacadacdfe601.png)
6. Under files the report will appear.  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/0/041c8873874b754f5df95e5f71c76b6632858caf.png)
7. Verify that the VRA report includes:

- Premium income
- Claims costs
- Commissions and expenses
- Reserves
- Net result and result distribution

1. Export the report in the required format.

Next, run the **NVGA report** for the same period:

1. Go to **All apps → Management → NVGA Report**.
2. Click on the plus icon to start a new report.  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/b/b020a481bc7f796021d6b6b091d4ba9bd869cc46.png)
3. Choose the **reporting date** (peildatum) and organisation.  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/9/9c7fbc77ca7befe4177113592c3ecb2b05cd90b8.png)
4. Click **Save**.
5. Click on the newly appeared button Generate report (Geneer rapporten)  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/f/f639865b9867d8ed3a5f01b9aa7f3d01f4bdf14a.png)
6. Under files the report will appear.  
 ![image](https://canada1.discourse-cdn.com/flex008/uploads/novulo/original/2X/0/041c8873874b754f5df95e5f71c76b6632858caf.png)
7. Verify that the NVGA report includes:

- Premium collection and settlements
- Claims reserves and payments
- Policy counts, renewals, and cancellations
- Commission flows

1. Export the report for submission to the insurer or regulator.

> 💡 _Tip:_ Keep both exports together in your compliance folder for easy audit retrieval.

# Reviewing and Submitting the Reports

Before sending your reports:

- Check that both reports cover the same data period.
- Validate figures against your internal accounting system.
- Ensure all required data fields are filled (some insurers reject incomplete reports).
- Store the exported files in your **compliance archive** in Novulo.

# Link to Compliance and Reporting

Producing accurate and timely VRA and NVGA reports supports key compliance requirements:

- **Verbond van Verzekeraars standards:** Data format and reporting frequency.
- **AFM / DNB supervision:** Transparency in delegated authority operations.
- **Internal control:** Monitoring portfolio health and underwriting performance.