The rule in plain words
Columns "Exposure" and "Number of risks" 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.27.03 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 - exposure and premium data: insurance exposure (sum insured value) - reporting for gross direct business (S.27.03.01.01)
Columns
- C0130Exposure
- C0140Number of risks
- C0150Deductible
- C0160Loss limit
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.27.03.01.01, c: C0130, z: Z0001})) or not(isnull({t: S.27.03.01.01, c: C0140, z: Z0001})) or not(isnull({t: S.27.03.01.01, c: C0150, z: Z0001})) or not(isnull({t: S.27.03.01.01, c: C0160, z: Z0001})) then not(isnull({t: S.27.03.01.01, c: C0130, z: Z0001})) and not(isnull({t: S.27.03.01.01, c: C0140, z: Z0001})) else true()Other rules on Catastrophe data - exposure and premium data (S.27.03)
- Catastrophe data - exposure and premium data: a check on its values (BV2574)Blocking
- All columns reported in S.27.03 must contain values greater than or equal to zero (BV2576)Blocking
- Catastrophe data - exposure and premium data: a conditional check (BV2573)
- Catastrophe data - exposure and premium data: a value must not be less than another (BV2577)Blocking
- Both Exposure and Number of risk reported in S.27.03 must contain values greater than or equal to zero (BV2572)Blocking
- Catastrophe data - exposure and premium data: a value must not be less than another (BV2578)Blocking
- Catastrophe data - exposure and premium data: for the reported premiums there must be exposure reported for corresponding peril (BV2579)Blocking
- Catastrophe data - exposure and premium data: a value must not be less than another (BV2581)Blocking
Every Solvency II rule on S.27.03
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.
