Premiums, claims and expenses by country: values must agree (S.05.02, EIOPA rule BV232-1)

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 warning. It does not stop the return on its own, but your supervisor may ask you to explain it. It runs only when your filing indicators mark S.05.02 as reported.

The cells it reads

Which returns it applies to

Line4 Check runs it on annual group (ARG) return on EIOPA taxonomy 2.10.0. EIOPA applies it to annual group (ARG) returns, as a warning.

EIOPA’s own words and formula

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

The item "Premiums earned - Net" reported in S.05.02 - Premiums, claims and expenses by country should be equal to the "Premiums earned - Gross" minus "Premiums earned - Reinsurers' share".

Other rules on Premiums, claims and expenses by country (S.05.02)

Every Solvency II rule on S.05.02

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.