The rule in plain words
The value of Premiums written gross direct business, reported in R0110 of S.05.01 template, should be higher than or equal to the sum of columns C0070, C0080 and C0090 reported in S.14.02
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 tables below and find the cells the rule reads.
- 02Compare the values in your return. If the first is smaller than it may be, one of them is wrong: check both before you change either.
- 03EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 04It runs only when your filing indicators mark S.05.01 and S.14.02 as reported.
- 05This 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
Premiums, claims and expenses by line of business: non-life (direct business/accepted proportional reinsurance and accepted non-proportional reinsurance) (S.05.01.01.01)
Row
- R0110Gross - Direct Business
Column
- C0200Total
Non-life obligation analysis: portfolio (S.14.02.01.01)
Columns
- C0070Total amount of Gross Written premiums - written directly by the insurance undertaking
- C0080Total amount of Gross Written premiums - written via credit institutions
- C0090Total amount of Gross Written premiums - written via insurance distributors other than credit institutions
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 ECB solo (AES), 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}.
{t: S.05.01.01.01, r: R0110, c: C0200, z: Z0001} >= sum({t: S.14.02.01.01, c: C0070; C0080; C0090, filter: [s2c_dim:RB] = [s2c_LB:x0]})Other rules on Premiums, claims and expenses by line of business (S.05.01)
- Premiums, claims and expenses by line of business: a conditional check (BV2583)
- Premiums, claims and expenses by line of business: a check on its values (BV1190)
- 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)
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.