The rule in plain words
Items "Number of claims reported closed without payment" and "Number of claims reported closed with payment" should be reported
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02The check applies only when its first part holds in your return. When it does, the second part must hold too: fix the second part, or correct the first.
- 03It runs only when your filing indicators mark S.27.02 as reported.
- 04This 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
Catastrophe data - loss data: insurance loss data - reporting for direct business (S.27.02.01.01)
Columns
- C0060Gross loss
- C0070Number of claims
- C0071Number of claims reported closed without payment
- C0072Number of claims reported closed with payment
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}.
if not(isnull({t: S.27.02.01.01, c: C0060, z: Z0001})) or not(isnull({t: S.27.02.01.01, c: C0070, z: Z0001})) or not(isnull({t: S.27.02.01.01, c: C0071, z: Z0001})) or not(isnull({t: S.27.02.01.01, c: C0072, z: Z0001})) then not(isnull({t: S.27.02.01.01, c: C0071, z: Z0001})) and not(isnull({t: S.27.02.01.01, c: C0072, z: Z0001})) else true()Other rules on Catastrophe data - loss data (S.27.02)
- Items "Gross loss" and "Number of claims" must be reported (BV2185)Blocking
- Column Year must follow "yyyy" pattern (BV2187)Blocking
- Catastrophe data - loss data: number of claims reported closed with payment cannot be reported as a negative number (BV2183)Blocking
- Catastrophe data - loss data: number of claims reported closed without payment cannot be reported as a negative number (BV2182)Blocking
- Catastrophe data - loss data: number of claims cannot be reported as a negative number (BV2181)Blocking
- Catastrophe data - loss data: gross loss cannot be reported as negative amount (BV2180)Blocking
- Catastrophe data - loss data: values reported in Reinsurance loss data template must be greater than or equal zero (BV2533)Blocking
- Items "Non proportional reinsurer’s share - loss" and "Proportional reinsurer’s share - loss" must be reported (BV2534)Blocking
Every Solvency II rule on S.27.02
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.
