4-hour training for the management of (re)insurance companies to get introduced with Solvency II objectives, implementation issues and a critical role of the Board of Directors to ensure compliance and optimize capital allocation.
What’s included:
- The objectives of Solvency II
- The role of the Board of Directors in risk management
- The role of supervisor, Supervisory Review Process
- Impact to the groups within EU
- Impact to the groups with parent companies outside EU
- Impact to the local companies
- 3 Pillars
- Minimum and Solvency Capital Requirements
- What’s different for reinsurance, captives, life, non-life?
- Challenge of operational risk
- Own funds to cover capital requirements
- Own Risk Self Assessment (ORSA)
- Outsourced important functions
- The ways to reduce Solvency Capital Requirement
- The use of internal model. Main considerations and mistakes.
- Implications of non-compliance
- Public Disclosure
- What should we do before 2012?
Price
The cost of the training is 500 EUR per attendee.
Location
Nexum Consulting office in Riga, Latvia. See Contacts
or
At customer location, on-site training (Travel and accomodation charges apply)
Time
Subject to mutual agreement between Nexum Consulting and the customer
Audience
2-5 persons
Executive management of insurance company
Heads of business departments
Business owners
Language
English, Russian, Lithuanian, Latvian
Ask your question or apply for the training