The rule in plain words
The total gross claims paid in the current year for all origin years reported in {R0260, C0170} must equal the sum of the gross paid for each origin year reported in {R0100 to R0250, C0170}
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
- 01Open the tables below and find the cells the rule reads.
- 02Add up the parts in your return and compare the result with the total.
- 03If they differ, a part is missing, a value sits in the wrong cell, or the total is out of date.
- 04The Bank of England allows a small rounding difference, worked out from the decimals each value is reported with.
- 05It runs only when your filing indicators mark IR.19.02 as reported.
- 06This is a blocking check. A return that fails it is normally rejected, so fix it before you submit.
The cells it reads
Non-life claim development: gross claims paid (non-cumulative) - development year (absolute amount) (IR.19.01.01.01)
Rows
- R0100Prior
- R0110N-14
- R0120N-13
- R0130N-12
- R0140N-11
- R0150N-10
- R0160N-9
- R0170N-8
- R0180N-7
- R0190N-6
- R0200N-5
- R0210N-4
- R0220N-3
- R0230N-2
- R0240N-1
- R0250N
Columns
- C00100
- C00201
- C00302
- C00403
- C00504
- C00605
- C00706
- C00807
- C00908
- C01009
- C011010
- C012011
- C013012
- C014013
- C015014
- C016015 & +
Non-life claim development: gross claims paid (non-cumulative) - current year, sum of years (cumulative) (IR.19.01.01.02)
Row
- R0260Total
Column
- C0170In Current year
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}.
{t: IR.19.02.01.02, r: R0260, c: C0170, z: Z0001} = {t: IR.19.02.01.02, r: R0100, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0110, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0120, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0130, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0140, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0150, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0160, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0170, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0180, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0190, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0200, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0210, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0220, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0230, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0240, c: C0170, z: Z0001} + {t: IR.19.02.01.02, r: R0250, c: C0170, z: Z0001}Other rules on Non-life claim development (IR.19.01)
- Non-life claim development: two values must match (IR_bv1998)
- Non-life claim development: two values must match (IR_bv1997)
- Non-life claim development: two values must match (IR_bv1996)
- Non-life claim development: two values must match (IR_bv1995)
- Non-life claim development: two values must match (IR_bv1994)
- Non-life claim development: two values must match (IR_bv1993)
- Non-life claim development: two values must match (IR_bv1992)
- Non-life claim development: two values must match (IR_bv1991)
Every Solvency UK rule on IR.19.01
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.