Premiums, claims and expenses by line of business and premiums, claims and expenses by country: a conditional check (S.05.01, S.05.02, EIOPA rule BV1160)

The rule in plain words

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

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark S.05.01 and S.05.02 as reported.
4. 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

Which returns it applies to

Line4 Check runs it on annual group (ARG) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual group (ARG) returns, as a warning.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

The absolute value of total of the Life and Health SLT reported in S.05.01 - Premiums, claims and expenses by line of business, should be greater or equal to absolute value of the sum of Total Top 5 and home country - life obligations in S.05.02 - Premiums, claims and expenses by country.

Other rules on Premiums, claims and expenses by line of business (S.05.01)

Every Solvency II rule on S.05.01

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.