Premiums, claims and expenses by line of business and life and health SLT technical provisions: a conditional check (S.05.01, S.12.01, EIOPA rule BV975)

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 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 S.05.01 and S.12.01 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 quarterly solo (QRS) and quarterly branch (QRB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to 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:

If a Line of business has premiums reported in S.05.01.01.02 - Premiums, claims and expenses by line of business then it should have technical provisions in S.12.01 - Life and Health SLT Technical Provisions.

Other rules on Premiums, claims and expenses by line of business (S.05.01)

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.