The rule in plain words
Location of the branch = 'Other countries' should be less than 5% of total gross written premiums reported for S.04.05
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Compare the values in your return. If the first is bigger 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.04.05 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
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 ECB solo (AES) and 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}.
sum({t: S.04.05.01.02, r: R0020, c: C0020, z: Z0001, filter: [s2c_dim:LR] = [s2c_GA:x141]}) < 0.05 * sum({t: S.04.05.01.02, r: R0020, c: C0020, z: Z0001})Other rules on Activity by country - location of risk (S.04.05)
- Premiums earned (gross) reported in S.04.05 should be equal to Premiums earned (gross), by line of business reported in S.05.01 (BV2086)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2087)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2088)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2089)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2090)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2091)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2092)
- Activity by country - location of risk and premiums, claims and expenses by line of business: a total must equal the sum of its parts (BV2093)
Every Solvency II rule on S.04.05
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.