Solvency II Training for Risk Managers

2-day training for the risk management, consultants, IT professionals of (re)insurance companies to get understanding of Solvency II core issues. After completing this training the attendee is able to identify and manage the main issues of Solvency 2 implementation in (re) insurance company.


What’s included:

  • European Legislation: development process, impact to the Member States, institutions involved
  • Solvency I vs Solvency II
  • The objectives of Solvency II
  • Risk-based capital allocation, principles
  • Supervision of groups, Group support
  • Risk management function
  • Valuation of assets and liabilities, principles
  • Captives
  • Authorization
  • Companies subjected to supervision, holdings
  • Solvency II for small companies
  • Supervision process
  • Pillar 1 – quantitatvive measures
    • Techical provisions
    • Best estimate
    • Risk Margin
    • Stress testing
    • Own funds, determination, classification, eligibility
    • Solvency Capital Requirement (SCR)
    • Standard formula
    • Internal model, full or partial
    • Basic Solvency Capital Requirement
    • Minimum Capital Requirement (MCR)
    • Investments
    • Non-compliance with SCR, MCR
  • Pillar 2 – qualitative measures
    • System of governance: compliance, internal audit, actuarial functions, written policies
    • Operational Risk
    • Supervisory Review Process (SRP)
    • Capital add-ons
    • Outsourced important functions, supervision
    • Requirements for the key personnel
    • Own Risk Self Assessment (ORSA)
  • Pillar 3 – public disclosure
    • Report on solvency and financial condition
  • Group supervision
    • Group supervision
    • What’s different from Solo supervision?
    • Group Solvency Capital Requirement, methods
    • Group capital add-on
    • Risk concentration
    • Intra-group transactions, double use of own funds
    • Companies outside European Economic Area
    • Agreements with third countries, equivalence
  • Supervisory regimes other than Solvency II
  • Solvency II implementation schedule


Price

The cost of the training is 2 000 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
Risk managers
Heads of risk departments
Heads of business departments


Language

English, Russian, Lithuanian, Latvian


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