The rule in plain words
Total technical expenses reported in Premiums, claims and expenses by line of business (S.05.01) should be positive
What to do if your return fails it
- 01Open the table below and find the cells the rule reads.
- 02Look for a value below zero in these cells, such as an amount entered as a negative number.
- 03It runs only when your filing indicators mark S.05.01 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
Premiums, claims and expenses by line of business: non-life (direct business/accepted proportional reinsurance and accepted non-proportional reinsurance) (S.05.01.02.01)
Row
- R1300Total technical expenses
Column
- C0200Total
Which returns it applies to
Line4 Check runs it on quarterly solo (QRS), quarterly group (QRG) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly group (QRG), quarterly ECB solo (QES), quarterly ECB branch (QEB), quarterly solo (QRS) and quarterly branch (QRB) returns, as a warning.
EIOPA’s own words and formula
In EIOPA’s list of validations, word for word:
Total technical expenses reported in S.05.01 - Premiums, claims and expenses by line of business should be positive.
Show the formulaShowHide
EIOPA's formula. Cells are written as {t: table, r: row, c: column}.
{t: S.05.01.02.01, r: R1300, c: C0200, z: Z0001} >= 0Other rules on Premiums, claims and expenses by line of business (S.05.01)
- Total expenses reported in Premiums, claims and expenses by line of business should be positive (BV775)
- Premiums, claims and expenses by line of business and life and health SLT technical provisions: a conditional check (BV770)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV769)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV957)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV958)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV959)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV960)
- Premiums, claims and expenses by line of business and non-life technical provisions: a conditional check (BV961)
Every Solvency II rule on S.05.01
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.