Solvency II: Financial Aspects

Course Overview

This one day course will focus on Pillar 1 aspects of Solvency II. We will discuss best estimate liabilities, risk margin and Solvency II Capital Requirements with examples from the upcoming Quantitative Impact Study (QIS5).

Who Should Attend

This course is suitable for actuaries, accountants and senior management (including Board members) who wish to understand what Solvency II will mean for financial position for the Company and the consequences for financial reporting.

Workshop Methodology

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

Comprehensive Course Material

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

Course Content

The course content will include:

• Pillar 1: The Financial Resources needed to considered solvent
• Rules relating to the valuation of assets and liabilities, technical provisions, own funds, solvency capital requirement, minimum capital requirements and investment rules
• Solvency Capital Requirements
• Minimum Capital Requirement
• Quantitative Impact Studies
• Full and Partial Internal Models

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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