Premiums, claims and expenses by line of business: values must agree (S.05.01, EIOPA rule BV210)

The rule in plain words

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.05.01 as reported.

The cells it reads

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly ECB branch (QEB), quarterly ECB solo (QES), quarterly branch (QRB), quarterly solo (QRS) and quarterly group (QRG) returns, as a blocking check.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

The item "Premiums written - Net" reported in S.05.01 - Premiums, claims and expenses by line of business must be equal to the sum of "Premiums written - Direct business" with "Premiums written - proportional reinsurance accepted" and "Premiums written - non-proportional reinsurance accepted" minus "Premiums written - Reinsurers' share".

Other rules on Premiums, claims and expenses by line of business (S.05.01)

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.