The rule in plain words
Premiums written reported in S.04.04 (Activity by country - location of underwriting) needs to equal S.04.05 is (Activity by country - location of risk)
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 blocking check. A return that fails it is normally rejected, so fix it before you submit. It runs only when your filing indicators mark S.04.04 and S.04.05 as reported.
The cells it reads
Activity by country- location of underwriting: by underwriting entity (S.04.04.01.01)
Row
- R0020Premiums written (gross)
Columns
- C0010Business underwritten in the country of establishment
- C0020Business underwritten through FPS in country different from the country of establishment
Activity by country- location of underwriting: by underwriting entity and by EEA country (host country for FPS) (S.04.04.01.02)
Row
- R0020Premiums written (gross)
Column
- C0030Business underwritten in the considered country through FPS
Activity by country - location of risk: total underwriting entity activity (S.04.05.01.01)
Row
- R0020Premiums written (gross)
Column
- C0010Total of business written by the underwriting entity
Activity by country - location of risk (S.04.05.01.02)
Row
- R0020Premiums written (gross)
Column
- C0020Total by country
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) and annual ECB solo (AES) returns, as a blocking check.
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.04.04.01.01, r: R0020, c: C0010, z: Z0001} + {t: S.04.04.01.01, r: R0020, c: C0020, z: Z0001} = {t: S.04.05.01.01, r: R0020, c: C0010, z: Z0001}Other rules on Activity by country- location of underwriting (S.04.04)
- Activity by country- location of underwriting: a total must equal the sum of its parts (BV1862)Blocking
- Activity by country- location of underwriting and activity by country - location of risk: values must agree (BV1864)Blocking
- The item "Temporary identifier for country 3" must not be reported (BV1409)Blocking
- The item "Temporary identifier for country 2" must not be reported (BV1401)Blocking
- The item "Temporary identifier for country 1" must not be reported (BV1393)Blocking
Every Solvency II rule on S.04.04
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.
