The rule in plain words
If Gross earned premiums for direct business - all asset type (C0180) and Gross expenses incurred for direct business - all asset type (C0190) are reported, so should be Gross written premium for direct business - all asset type (C0170)
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.
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 warning. It does not stop the return on its own, but your supervisor may ask you to explain it.
The cells it reads
Catastrophe data - exposure and premium data: insurance premium and expenses - reporting for gross direct business (S.27.03.01.02)
Columns
- C0170Gross written premium for direct business - all asset type
- C0180Gross earned premiums for direct business - all asset type
- C0190Gross expenses incurred for direct business - 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 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 not(isnull({t: S.27.03.01.02, c: C0180})) and not(isnull({t: S.27.03.01.02, c: C0190})) then not(isnull({t: S.27.03.01.02, c: C0170})) else true()Other rules on Catastrophe data - exposure and premium data (S.27.03)
- Catastrophe data - exposure and premium data: a value must not be less than another (BV2581)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 (BV2578)Blocking
- Catastrophe data - exposure and premium data: a value must not be less than another (BV2577)Blocking
- All columns reported in S.27.03 must contain values greater than or equal to zero (BV2576)Blocking
- Columns "Exposure" and "Number of risks" must be reported (BV2575)Blocking
- Catastrophe data - exposure and premium data: a check on its values (BV2574)Blocking
- Catastrophe data - exposure and premium data: a conditional check (BV2573)
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.
