Q&A

Question

We received an error while submitting the annual QRT's 2019.
"The amount/estimate of the overall adjustment for loss-absorbing capacity of technical provisions reported in S.25.02 - Solvency Capital Requirement - for undertakings using the standard formula and partial internal model should be negative. -->Template 1: S.25.02; Expression: {r0300,c0100}<0"
In S.25.02 we entered a value of 0 for loss-absorbing capacity of technical provisions.
Could you explain why a value of 0 is not correct?

EIOPA answer

This validation corresponds to the logs specifying that "This amount shall be reported as a negative amount." If there is no adjustment for loss absorbing capacity the cell can be left empty.