Life and health SLT technical provisions and life and health SLT technical provisions - by country: a value must not be less than another (S.12.01, S.12.02, EIOPA rule BV990)

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. 02Compare the values in your return. If the first is smaller than it may be, one of them is wrong: check both before you change either.
3. 03EIOPA allows a small rounding difference, worked out from the decimals each value is reported with.
4. 04It runs only when your filing indicators mark S.12.01 and S.12.02 as reported.
5. 05This 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) and annual branch (ARB) returns on EIOPA taxonomy 2.10.0. EIOPA applies it to annual ECB solo (AES), annual ECB branch (AEB), annual solo (ARS) and annual branch (ARB) returns, as a warning.

EIOPA’s own words and formula

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

The information sorted out by country in S.12.02 - Life and Health SLT Technical Provisions - by country should represent at least 90% of the technical provisions (calculated as a whole and Best estimate) reported in S.12.01 - Life and Health SLT Technical Provisions.

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.