The rule in plain words
The sum of gross TP as a whole and gross best estimate for all countries reported in template S.17.03 should be higher or equal than the total for that LoB reported in template S.17.01 (direct business, TP as a whole + gross BE + transitional on TP for both)
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.
- 03EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark S.17.01 and S.17.03 as reported.
- 05This 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
Non-life technical provisions (S.17.01.01.01)
Rows
- R0020Direct business
- R0070Gross - direct business
- R0170Gross - direct business
- R0290TP as a whole
- R0300Best estimate
Column
- C0100Credit and suretyship insurance
Non-life technical provisions - by country: gross TP calculated as a whole and gross BE for different countries - home country and countries outside the materiality threshold (S.17.03.01.01)
Rows
- R0010Home country
- R0020EEA countries outside the materiality threshold - not reported by country
- R0030Non-EEA countries outside the materiality threshold - not reported by country
Column
- C0100Credit and suretyship insurance
Non-life technical provisions - by country: gross TP calculated as a whole and gross BE for different countries - countries in the materiality threshold (S.17.03.01.02)
Row
- R0100Countries in the materiality threshold
Column
- C0100Credit and suretyship insurance
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.17.01.01.01, r: R0290, c: C0100} < 0 and {t: S.17.01.01.01, r: R0300, c: C0100} < 0) then {t: S.17.03.01.01, r: R0010, c: C0100} + {t: S.17.03.01.01, r: R0020, c: C0100} + {t: S.17.03.01.01, r: R0030, c: C0100} + sum({t: S.17.03.01.02, r: R0100, c: C0100, z: Z0001, filter: [s2c_dim:TB] = [s2c_LB:x28]}) >= {t: S.17.01.01.01, r: R0020, c: C0100} + {t: S.17.01.01.01, r: R0070, c: C0100} + {t: S.17.01.01.01, r: R0170, c: C0100} + {t: S.17.01.01.01, r: R0290, c: C0100} + {t: S.17.01.01.01, r: R0300, c: C0100} else true()Other rules on Non-life technical provisions (S.17.01)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1116)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1118)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1115)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1119)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1114)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1120)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1113)
- Non-life technical provisions and non-life technical provisions - by country: a conditional check (BV1112)
Every Solvency II rule on S.17.01
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.
