The rule in plain words
The CDFs reported in S.26.13 should rise monotonically
What to do if your return fails it
- 01Open the tables 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.01.02 and S.26.13 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
Basic information (S.01.02.01.01)
Row
- R0130Method of Calculation of the SCR
Column
- C0010Report information
Internal model - non-life and health NSLT underwriting risk: distribution of losses from catastrophe perils - total (property and non-property) business - own lines (S.26.13.01.11)
Rows
- R174090.00%
- R175096.00%
Columns
- C0230OEP loss
- C0240AEP loss
- C0250Annual loss
- C0260OEP loss
- C0270AEP loss
- C0280Annual loss
- C0290OEP loss
- C0300AEP loss
- C0310Annual loss
- C0320OEP loss
- C0330AEP loss
- C0340Annual loss
- C0350OEP loss
- C0360AEP loss
- C0370Annual loss
- C0380OEP loss
- C0390AEP loss
- C0400Annual loss
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 {t: S.01.02.01.01, r: R0130, c: C0010} != [s2c_AP:x3] then {t: S.26.13.01.11, r: R1740, z: Z0001} <= {t: S.26.13.01.11, r: R1750, z: Z0001} else true()Other rules on Basic information (S.01.02)
- The CDFs reported in S.26.13 should rise monotonically (BV2524)
- The CDFs reported in S.26.13 should rise monotonically (BV2526)
- The CDFs reported in S.26.14 should rise monotonically (BV2523)
- The CDFs reported in S.26.13 should rise monotonically (BV2527)
- The CDFs reported in S.26.14 should rise monotonically (BV2522)
- The CDFs reported in S.26.13 should rise monotonically (BV2528)
- The CDFs reported in S.26.14 should rise monotonically (BV2521)
- The CDFs reported in S.26.13 should rise monotonically (BV2529)
Every Solvency II rule on S.01.02
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.