Content of the submission and solvency capital requirement - health underwriting risk: a conditional check (SR.01.01, SR.26.04, EIOPA rule BV608_2)

The rule in plain words

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 three of them (BV608_2-2 to BV608_2-4), and a failure names the one that failed.

What to do if your return fails it

1. 01Open the tables below and find the cells the rule reads.
2. 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.
3. 03It runs only when your filing indicators mark SR.01.01 and SR.26.04 as reported.
4. 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

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 ECB branch (AEB), annual branch (ARB), annual group (ARG), annual ECB solo (AES) and annual solo (ARS) returns, as a warning.

EIOPA’s own words and formula

In EIOPA’s list of validations, word for word:

Only the solvency capital requirement should be reported in SR.26.04 - Solvency Capital Requirement - Health underwriting risk [RFF/MP/RM] for SLT lapse risk when the simplification for Article 102 on SLT lapse risk is applied.

Other rules on Content of the submission (SR.01.01)

Every Solvency II rule on SR.01.01

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.