The rule in plain words
The item "Total (Health similar to life insurance)" reported in Life and Health SLT Technical Provisions (S.12.01) must be equal to the sum of the relevant LoB
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.12.01 as reported.
The cells it reads
Life and health SLT technical provisions (S.12.01.01.01)
Rows
- R0030Gross Best Estimate
- R0080Total Recoverables from reinsurance/SPV and Finite Re after the adjustment for expected losses due to counterparty default
- R0090Best estimate minus recoverables from reinsurance/SPV and Finite Re
- R0120Best estimate
Columns
- C0170Contracts without options and guarantees
- C0180Contracts with options or guarantees
- C0190Annuities stemming from non-life insurance contracts and relating to health insurance obligations
- C0200Health reinsurance (reinsurance accepted)
- C0210Total (Health similar to life insurance)
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual branch (ARB), annual solo (ARS), annual ECB solo (AES) and annual ECB branch (AEB) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Total (Health similar to life insurance)" reported in S.12.01 - Life and Health SLT Technical Provisions must be equal to the sum of the relevant LoB.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
{t: S.12.01.01.01, c: C0210} = {t: S.12.01.01.01, c: C0170} + {t: S.12.01.01.01, c: C0180} + {t: S.12.01.01.01, c: C0190} + {t: S.12.01.01.01, c: C0200}Other rules on Life and health SLT technical provisions (S.12.01)
- Life and health SLT technical provisions: values must agree (BV244_1)Blocking
- Life and health SLT technical provisions: a total must equal the sum of its parts (BV246_1)Blocking
- Life and health SLT technical provisions: a total must equal the sum of its parts (BV247_1)Blocking
- Life and health SLT technical provisions: values must agree (BV242_1)Blocking
- Life and health SLT technical provisions: a total must equal the sum of its parts (BV248_1)Blocking
- Life and health SLT technical provisions: values must agree (BV249_1)Blocking
- Life and health SLT technical provisions and minimum capital requirement - only life or only non-life insurance or reinsurance activity: a value must not be less than another (BV437)
- Life and health SLT technical provisions and minimum capital requirement - only life or only non-life insurance or reinsurance activity: a value must not be less than another (BV438)
Every Solvency II rule on S.12.01
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.
