The rule in plain words
The item "Total (Life other than health insurance, incl. Unit-Linked)" reported in Life and Health SLT Technical Provisions (S.12.01) must be equal to the sum of the relevant LoB
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.12.01 as reported.
The cells it reads
Life and health SLT technical provisions (S.12.01.01.01)
Rows
- R0040Total recoverables from reinsurance/SPV and Finite Re before the adjustment for expected losses due to counterparty default
- R0050Recoverables from reinsurance (except SPV and Finite Re) before adjustment for expected losses
- R0060Recoverables from SPV before adjustment for expected losses
- R0070Recoverables from Finite Re before adjustment for expected losses
Columns
- C0020Insurance with profit participation
- C0040Contracts without options and guarantees
- C0050Contracts with options or guarantees
- C0070Contracts without options and guarantees
- C0080Contracts with options or guarantees
- C0090Annuities stemming from non-life insurance contracts and relating to insurance obligation other than health insurance obligations
- C0100Accepted reinsurance
- C0150Total (Life other than health insurance, incl. Unit-Linked)
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Total (Life other than health insurance, incl. Unit-Linked)" reported in S.12.01 - Life and Health SLT Technical Provisions must be equal to the sum of the relevant LoB.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
{t: S.12.01.01.01, c: C0150} = {t: S.12.01.01.01, c: C0020} + {t: S.12.01.01.01, c: C0040} + {t: S.12.01.01.01, c: C0050} + {t: S.12.01.01.01, c: C0070} + {t: S.12.01.01.01, c: C0080} + {t: S.12.01.01.01, c: C0090} + {t: S.12.01.01.01, c: C0100}Other rules on Life and health SLT technical provisions (S.12.01)
- Life and health SLT technical provisions: values must agree (BV20)Blocking
- Life and health SLT technical provisions: values must agree (BV21)Blocking
- Life and health SLT technical provisions: values must agree (BV22)Blocking
- Life and health SLT technical provisions: values must agree (BV23)Blocking
- Life and health SLT technical provisions: values must agree (BV25)Blocking
- Life and health SLT technical provisions: values must agree (BV26)Blocking
- Life and health SLT technical provisions: values must agree (BV27)Blocking
- Life and health SLT technical provisions: values must agree (BV242_1)Blocking
Every Solvency II rule on S.12.01
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.
