The rule in plain words
The item "Catastrophe Risk Charge Factor before risk mitigation" reported in Solvency Capital Requirement - Non-life and Health catastrophe risk (S.27.01) must be equal to the ratio between "Specified Gross Loss" and "Exposure"
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.
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs two of them (BV275_1-1 and BV275_1-2), and a failure names the one that failed.
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.27.01 as reported.
The cells it reads
Solvency capital requirement - non-life and health catastrophe risk: natural catastrophe risk - earthquake (S.27.01.01.03)
Rows
- R0830Republic of Austria
- R0840Kingdom of Belgium
- R0850Republic of Bulgaria
- R0860Republic of Croatia
- R0870Republic of Cyprus
- R0880Czech Republic
- R0890Swiss Confederation; Principality of Lichtenstein
- R0900French Republic [except Guadeloupe, Martinique, the Collectivity of Saint Martin and Réunion]; Principality of Monaco; Principality of Andorra
- R0910Federal Republic of Germany
- R0920Hellenic Republic
- R0930Republic of Hungary
- R0940Italian Republic; Republic of San Marino; Vatican City State
- R0950Republic of Malta
- R0960Portuguese Republic
- R0970Romania
- R0980Slovak Republic
- R0990Republic of Slovenia
- R1000Guadeloupe
- R1010Martinique
- R1020Collectivity of Saint Martin
- R1030Total Earthquake specified Regions before diversification
Columns
- C0140Exposure
- C0150Specified Gross Loss
- C0160Catastrophe Risk Charge Factor before risk mitigation
Solvency capital requirement - non-life and health catastrophe risk: natural catastrophe risk - earthquake (S.27.01.04.03)
Rows
- R0830Republic of Austria
- R0840Kingdom of Belgium
- R0850Republic of Bulgaria
- R0860Republic of Croatia
- R0870Republic of Cyprus
- R0880Czech Republic
- R0890Swiss Confederation; Principality of Lichtenstein
- R0900French Republic [except Guadeloupe, Martinique, the Collectivity of Saint Martin and Réunion]; Principality of Monaco; Principality of Andorra
- R0910Federal Republic of Germany
- R0920Hellenic Republic
- R0930Republic of Hungary
- R0940Italian Republic; Republic of San Marino; Vatican City State
- R0950Republic of Malta
- R0960Portuguese Republic
- R0970Romania
- R0980Slovak Republic
- R0990Republic of Slovenia
- R1000Guadeloupe
- R1010Martinique
- R1020Collectivity of Saint Martin
- R1030Total Earthquake specified Regions before diversification
Columns
- C0140Exposure
- C0150Specified Gross Loss
- C0160Catastrophe Risk Charge Factor before risk mitigation
Which returns it applies to
Line4 Check runs it on annual solo (ARS), annual group (ARG) 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), annual ECB branch (AEB) and annual group (ARG) returns, as a blocking check.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
The item "Catastrophe Risk Charge Factor before risk mitigation" reported in S.27.01 - Solvency Capital Requirement - Non-life and Health catastrophe risk must be equal to the ratio between "Specified Gross Loss" and "Exposure".
Show the formulaShowHide
EIOPA's formula, for BV275_1-1. Cells are written as {t: table, r: row, c: column}.
{t: S.27.01.01.03, c: C0160, z: Z0001} * {t: S.27.01.01.03, c: C0140, z: Z0001} = {t: S.27.01.01.03, c: C0150, z: Z0001}BV275_1-2:
{t: S.27.01.04.03, c: C0160, z: Z0001} * {t: S.27.01.04.03, c: C0140, z: Z0001} = {t: S.27.01.04.03, c: C0150, z: Z0001}Other rules on Solvency capital requirement - non-life and health catastrophe risk (S.27.01)
- Solvency capital requirement - non-life and health catastrophe risk: values must agree (BV274_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: values must agree (BV276_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: a total must equal the sum of its parts (BV273_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: a total must equal the sum of its parts (BV277_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: a total must equal the sum of its parts (BV272_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: values must agree (BV278_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: values must agree (BV279_1)Blocking
- Solvency capital requirement - non-life and health catastrophe risk: values must agree (BV270_1)Blocking
Every Solvency II rule on S.27.01
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.
