The rule in plain words
The item "Total amount of Written premiums" and its components, found in S.14.01 - Life obligation analysis, should not be reported for "Annuities stemming from non-life insurance contracts and relating to health insurance obligations" and "Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations" line of businesses
The headline gives only the template and the kind of check, because the rule is too long to say in a headline. The plain words above say all of it.
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark S.14.01 as reported.
- 04This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
The cells it reads
Life obligations analysis: portfolio (S.14.01.01.01)
Column
- C0030Line of Business
Life obligations analysis: portfolio product (S.14.01.01.05)
Columns
- C0060Total amount of Written premiums
- C0061of which: written directly by the insurance undertaking
- C0062of which: written via credit institutions
- C0063of which: written via other insurance distributors
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual ECB solo (AES), annual ECB branch (AEB), annual solo (ARS) and annual branch (ARB) returns, as a warning.
EIOPA’s own words and formula
The plain words above are EIOPA’s own, word for word, from its list of validations.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
if ({t: S.14.01.01.01, c: C0030} = [s2c_LB:x10] or {t: S.14.01.01.01, c: C0030} = [s2c_LB:x11]) then isNull({t: S.14.01.01.05, c: C0060}) and isNull({t: S.14.01.01.05, c: C0061}) and isNull({t: S.14.01.01.05, c: C0062}) and isNull({t: S.14.01.01.05, c: C0063}) else true()Other rules on Life obligations analysis (S.14.01)
- The item "number of new contracts during year" reported in table Life obligations analysis must be positive (BV838)Blocking
- The item "number of contracts at the end of the year" reported in table Life obligations analysis must be positive (BV837)Blocking
- Items "Line of Business" and "Country" should always be provided (BV1592)
- Items "Pension entitlements", "Type of product", "Product denomination" and "Product still commercialised?" should always be provided (BV1593)
- Life obligations analysis: a value must not be less than another (BV1995)
- Life obligations analysis: a total must equal the sum of its parts (BV1996)
- Life obligations analysis: double, trailing or leading whitespaces are not allowed (TV58)Blocking
- Life obligations analysis: a conditional check (BV2584)
Every Solvency II rule on S.14.01
Checks like this one, run at the point of submission, are the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.