The rule in plain words
All columns, except C0260, must be reported for each row
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 IR.30.03 as reported.
The cells it reads
Non-life outwards reinsurance contract information (IR.30.03.01.01)
Columns
- C0060Non-indemnity or non-risk transfer reinsurance or similar arrangements
- C0070Line of business
- C0080Description of risk category covered
- C0090Type of reinsurance contract protection
- C0100Inclusion of catastrophic reinsurance cover
- C0110Validity period (start date)
- C0120Validity period (expiry date)
- C0130Currency
- C0380Flat reinsurance premium
- C0390Variable scale commission
- C0400Retrocession
- C0410Shared contract
- C0420Territorial scope of contract
- C0430Basis of cover
Which returns it applies to
Line4 Check runs it on annual solo (ARS) and annual third-country branch (ARB) returns on Bank of England taxonomy 2.2.0. The Bank of England applies it to annual third-country branch (ARB) and annual solo (ARS) returns, as a blocking check.
The Bank’s own words and formula
The plain words above are the Bank of England’s own, word for word, from its list of validations.
Show the formulaShowHide
The Bank of England's formula. Cells are written as {t: table, r: row, c: column}.
count({t: IR.30.03.01.01, c: C0060; C0070; C0080; C0090; C0100; C0110; C0120; C0130; C0380; C0390; C0400; C0410; C0420; C0430, z: Z0001}) = 14Other rules on Non-life outwards reinsurance contract information (IR.30.03)
- Non-life outwards reinsurance contract information: all columns, except C0260, must be reported for each row (IR_bv0015_01)Blocking
- Non-life outwards reinsurance contract information: all columns, except C0260, must be reported for each row (IR_bv0015_02)Blocking
- Non-life outwards reinsurance contract information: a conditional check (IR_bv0050)Blocking
- If "Number of reinstatements" (C0250) is zero then "Description of reinstatements" (C0260) should be empty (IR_bv0051)Blocking
- Non-life outwards reinsurance contract information: values must agree (IR_bv0107)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv0108)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv0109)Blocking
- Non-life outwards reinsurance contract information and non-life outwards reinsurance contract reinsurer exposures: a conditional check (IR_bv0110)Blocking
Every Solvency UK rule on IR.30.03
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.