The rule in plain words
Columns "Non Proportional reinsurance accepted: loss - All asset" and "Proportional reinsurance accepted: loss - All asset" must 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 blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Catastrophe data - loss data: reinsurance loss data - reporting for reinsurance business (S.27.02.01.03)
Columns
- C0100Non proportional reinsurance accepted: loss - All asset
- C0110Proportional reinsurance accepted: loss - All asset
- C0120Retrocession's share: loss - All asset type
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 solo (ARS) and annual ECB solo (AES) returns, as a blocking check.
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.27.02.01.03, c: C0100})) or not(isnull({t: S.27.02.01.03, c: C0110})) or not(isnull({t: S.27.02.01.03, c: C0120})) then not(isnull({t: S.27.02.01.03, c: C0100})) and not(isnull({t: S.27.02.01.03, c: C0110})) else true()Other rules on Catastrophe data - loss data (S.27.02)
- Retrocession's share: loss - All asset type column must be reported as positive amount (BV2569)Blocking
- Catastrophe data - loss data: a value must not be less than another (BV2571)Blocking
- Catastrophe data - loss data: proportional reinsurance accepted: loss - All asset column must be reported as positive amount (BV2568)Blocking
- Catastrophe data - loss data: non proportional reinsurance accepted: loss - All asset column must be reported as positive amount (BV2567)Blocking
- Catastrophe data - loss data: a value must not be more than another (BV2566)Blocking
- Catastrophe data - loss data and catastrophe data - exposure and premium data: a conditional check (BV2580)Blocking
- Items "Non proportional reinsurer’s share - loss" and "Proportional reinsurer’s share - loss" must be reported (BV2534)Blocking
- Catastrophe data - loss data: values reported in Reinsurance loss data template must be greater than or equal zero (BV2533)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.