Life and health SLT technical provisions: values to report together, or not at all (S.12.01, EIOPA rule BV828)

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.

What to do if your return fails it

1. 01Open the table below and find the cells the rule reads.
2. 02Report these values together, or leave them all out.
3. 03It runs only when your filing indicators mark S.12.01 as reported.
4. 04This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.

The cells it reads

Which returns it applies to

Line4 Check runs it on quarterly solo (QRS) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to quarterly ECB branch (QEB), quarterly ECB solo (QES), quarterly branch (QRB) and quarterly solo (QRS) returns, as a blocking check.

EIOPA’s own words and formula

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

Items "Best estimate" and "Risk margin" reported in S.12.01 - Life and Health SLT Technical Provisions must be both reported or both empty for "Health insurance (direct business)".

Other rules on Life and health SLT technical provisions (S.12.01)

Every Solvency II rule on S.12.01

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.