The rule in plain words
For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (SR.26.05)
EIOPA writes it out as separate checks, one for each table or return it covers. Line4 Check runs eight of them (BV634-2-1-1 to BV634-2-1-8), 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 SR.26.05 as reported.
The cells it reads
Solvency capital requirement - non-Life underwriting risk: non-life premium and reserve risk (SR.26.05.01.01)
Rows
- R0100Motor vehicle liability
- R0110Motor, other classes
- R0120Marine, aviation, transport (MAT)
- R0130Fire and other property damage
- R0140Third-party liability
- R0150Credit and suretyship
- R0160Legal expenses
- R0170Assistance
- R0180Miscellaneous
- R0190Non-proportional reinsurance - property
- R0200Non-proportional reinsurance - casualty
- R0210Non-proportional reinsurance - MAT
- R0230Combined standard deviation
Columns
- C0020USP Standard Deviation
- C0030USP Standard Deviation gross/net
- C0040USP Adjustment factor for non-proportional reinsurance
- C0050USP
- C0060Vprem
- C0070Vres
- C0080Geographical Diversification
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:
For RFF a fund number must be reported in SR.26.05 - Solvency Capital Requirement - Non-Life underwriting risk.
Show the formulaShowHide
EIOPA's formula, for BV634-2-1-1. Cells are written as {t: table, r: row, c: column}.
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210; R0230, c: C0020, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))BV634-2-1-2:
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))BV634-2-1-3:
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210, c: C0030, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))BV634-2-1-4:
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210, c: C0040, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))BV634-2-1-5:
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210, c: C0050, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))BV634-2-1-6:
not(isNull(dim({t: SR.26.05.01.01, r: R0100; R0110; R0120; R0130; R0140; R0150; R0160; R0170; R0180; R0190; R0200; R0210, c: C0060, z: Z0001, filter: [s2c_dim:PO] = [s2c_PU:x40]},[s2c_dim:NF])))And 2 more, the same rule on other tables or returns.
Other rules on Solvency capital requirement - non-Life underwriting risk (SR.26.05)
- For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (BV634-1)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (BV634-3)Blocking
- For RFF a fund number must be reported in Solvency Capital Requirement - Non-Life underwriting risk (BV634-4)Blocking
Every Solvency II rule on SR.26.05
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.
