The rule in plain words
The item "Technical provisions - life (excluding health and index-linked and unit-linked)" reported in in S.02.01 should be subtraction between "Technical provisions - total" item reported for Total (Life other than health insurance, incl. Unit-Linked) and "Technical provisions - total" item reported for Index-linked and unit-linked insurance (including reinsurance accepted part) reported in S.12.01
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.02.01 and S.12.01 as reported.
The cells it reads
Balance sheet (S.02.01.01.01)
Row
- R0650Technical provisions - life (excluding health and index-linked and unit-linked)
Column
- C0010Solvency II value
Life and health SLT technical provisions (S.12.01.01.01)
Rows
- R0010Technical provisions calculated as a whole
- R0030Gross Best Estimate
- R0100Risk Margin
- R0200Technical provisions - total
Columns
- C0030Index-linked and unit-linked insurance
- C0120Index-linked and unit-linked insurance
- C0150Total (Life other than health insurance, incl. Unit-Linked)
Which returns it applies to
Line4 Check runs it on annual solo (ARS) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual solo (ARS) 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}.
{t: S.02.01.01.01, r: R0650, c: C0010} = {t: S.12.01.01.01, r: R0200, c: C0150} - {t: S.12.01.01.01, r: R0200, c: C0030} -{t: S.12.01.01.01, r: R0030, c: C0120} -{t: S.12.01.01.01, r: R0100, c: C0120} -{t: S.12.01.01.01, r: R0010, c: C0120}Other rules on Balance sheet (S.02.01)
- Balance sheet and life and health SLT technical provisions: values must agree (BV1528)
- Balance sheet and life and health SLT technical provisions: a value must not be more than another (BV1529)
- Balance sheet and life and health SLT technical provisions: a value must not be more than another (BV1530)
- Balance sheet and life and health SLT technical provisions: a total must equal the sum of its parts (BV1535)
- Balance sheet and life and health SLT technical provisions: a total must equal the sum of its parts (BV1536)
- Balance sheet and life and health SLT technical provisions: a value must not be less than another (BV1537)
- Balance sheet and life and health SLT technical provisions: a value must not be less than another (BV1538)
- Balance sheet and solvency capital requirement - for undertakings on standard formula: values must agree (BV1499)
Every Solvency II rule on S.02.01
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.
