The rule in plain words
Value of premiums written and premiums earned should, in general, be positive or equal to zero, although there might be some exemptions
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.
This is a warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark S.05.01 as reported.
The cells it reads
Premiums, claims and expenses by line of business: life (S.05.01.13.02)
Rows
- R1410Gross
- R1500Net
Columns
- C0210Health insurance
- C0220Insurance with profit participation
- C0230Index-linked and unit-linked insurance
- C0240Other life insurance
- C0250Annuities stemming from non-life insurance contracts and relating to health insurance obligations
- C0260Annuities stemming from non-life insurance contracts and relating to insurance obligations other than health insurance obligations
- C0270Health reinsurance
- C0280Life reinsurance
- C0300Total
Which returns it applies to
Line4 Check runs it on financial stability group (QFG) return on EIOPA taxonomy 2.10.0. EIOPA applies it to financial stability group (QFG) 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.
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EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
{t: S.05.01.13.02, r: R1410, z: Z0001} >= 0 and {t: S.05.01.13.02, r: R1500, z: Z0001} >= 0Other rules on Premiums, claims and expenses by line of business (S.05.01)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1189)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1188)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1187)
- Premiums, claims and expenses by line of business: a check on its values (BV1186)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1185)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1184)
- Premiums, claims and expenses by line of business: a value must not be negative (BV1183)
- Premiums, claims and expenses by line of business and premiums, claims and expenses by country: a conditional check (BV1160)
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.