The rule in plain words
If the "Mortality and Longevity risk combined aggregate" value of "Net Best Estimate liability + Technical provisions calculated as a whole", "Net Written Premiums" and "Sum insured" reported in S.26.14.01.01 Life and Health underwriting risk - Life SCR and percentiles is reported then "Mortality risk aggregate" and "Longevity risk aggregate" should be empty
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 table 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.26.14 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
Internal model - life and health underwriting risk: life and health underwriting risk - life SCR and percentiles (S.26.14.01.01)
Rows
- R0010Mortality risk aggregate
- R0060Longevity risk aggregate
- R0270Mortality and Longevity risk combined aggregate
Columns
- C0010Net Best Estimate liability + Technical provisions calculated as a whole
- C0050Net Written Premiums
- C0060Sum insured
Which returns it applies to
Line4 Check runs it on annual solo (ARS), annual group (ARG) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual ECB solo (AES), annual group (ARG), 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 not(isNull({t: S.26.14.01.01, r: R0270, z: Z0001})) then isNull({t: S.26.14.01.01, r: R0010, z: Z0001}) and isNull({t: S.26.14.01.01, r: R0060, z: Z0001}) else true()Other rules on Internal model - life and health underwriting risk (S.26.14)
Every Solvency II rule on S.26.14
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.