The rule in plain words
Premiums earned (gross) reported in S.04.05 should be equal to Premiums earned (gross), by line of business reported in S.05.01
What to do if your return fails it
- 01Open the tables below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark S.04.05 and S.05.01 as reported.
- 06This 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
- R0030Premiums earned (gross)
Column
- C0020Total by country
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
- R0210Gross - Direct Business
Column
- C0010Medical expense insurance
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: R0030, c: C0020, z: Z0001, filter: [s2c_dim:BL] = [s2c_LB:x135]}) = {t: S.05.01.01.01, r: R0210, c: C0010, z: Z0001}Other rules on Activity by country - location of risk (S.04.05)
- Location of the branch = 'Other countries' should be less than 5% of total gross written premiums reported for S.04.05 (BV2085)
- 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.