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Solvency II - Overview

Course Provider

Dates

1st December 2010

Venue

The Gresham Hotel, O'Connell St, Dublin 1

 

Course Fees

Full Fee: €500

Network Members Fee: €250

CPD Hours

TBC

Course Overview

This half day briefing session will give a high level introduction to the Solvency II project, briefly discussing the process for its development (e.g. Quantitative Impact Studies and consultation processes) and outlining each of the three pillar under Solvency II.

Who Should Attend

This session aims to provide delegates with an overview of Solvency II and therefore is particularly suitable for beginners, regardless of their experience or position in the company.

Workshop Methodology

The workshop methodology consists of a mix of lectutes and examples on the topics outlined below, with time for questions from delegates

Comprehensive Course Materials

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

Course Content

The course content will include:

Overview of the 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 II 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 in actuarial services to life assurers operating on a pan-European basis from Ireland.

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