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Solvency II: An Introduction

Course Provider

Dates

3rd November 2010

Venue

The Gresham Hotel, O'Connell St, Dublin 1

Course Fees

Full Fee: €1000

Network Members Fee: €420

This briefing session will give a high level introduction to Solvency II project, discussing the process for its development (e.g. Quantitative Impact Studies and consultation processes) and outlining each of the three pillars under Solvency II in detail. This session aims to provide delegates with a high level understanding of Solvency II, therefore it is suitable for everyone who wants to increase their overall knowledge of Solvency II, including beginners, regardless of their experience or position in the company.

Workshop Methodology

The workshop methodology consists of a balanced mix of lectures, breakout sessions and practical examples, with time for individual questions from delegates.

Comprehensive Course Materials

Comprehensive documentation containing all course material will be provided. This will be a valuable continuing reference source.

Course Content

The course content will include;

Overview of Solvency II

  • Structure of Solvency II
  • Political Process and Timeline
  • Solvency II Directive
  • Level II Implementing Measures

Pillar 1: Measurement of Assets, Liabilities and Solvency Capital

  • Rules relating to the valuation of assets and liabilities, technical provisions, own funds and investment rules
  • Solvency Capital Requirement
  • Minimum Capital Requirement
  • Quantitative Impact Studies
  • Full and Partial Internal Models

Pillar 2: The Supervisory Review Process

  • Risk Management
  • System of Governance
  • General Principles of Supervision
  • Own Risk and Solvency Assessment
  • Group Supervision

Pillar 3: Risk Disclosure Requirements

  • Public Disclosure
  • Solvency and Financial Condition Report
  • Report to Supervisors

About Milliman

Milliman (formerly Life Strategies) specialises in the provision of actuarial and strategic consulting services to Irish life assurance companies. Milliman has worked with the majority of life assurers currently operating in the Irish market and is the leading provider of actuarial services to life assurers operating on a pan-European basis from Ireland.

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