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Chartered Insurance Institute
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Solvency II - one day course

Overview

Exploring the main principles of the new Solvency II directive which came into force January 2016 across Europe, this course considers the implications brought to the prudential regulation of insurers. This course is designed for insurance professionals who are not in specialist roles, but who will be affected by a greater and more granular application of risk based capital management.

Programme

  • The background to Solvency II and its purpose
  • A general understanding of each of the three Solvency II pillars
  • Review insurer risks from the perspective of the 'Solvency II' balance sheet
  • Your capital model - demonstrating the Foundations Principle/Use Test
  • Risk management, governance and the ORSA
  • Solvency II - implications for the industry.

Learning outcomes

  • Understand what Solvency II is and the implications for insurance companies of this new European Commission legislation
  • Understand the key terminology used
  • Translate the regulatory expectations - the background to Solvency II and its objectives
  • Describe the component parts - the building blocks of Solvency II
  • Explain the key terminology - the language of Solvency II
  • Explore the key role of the capital model - the Use Test
  • Understand how risk control and governance interacts with capital requirements
  • Explore the data and reporting requirements under the three pillars of the legislation
  • Explore the wider implications of a greater focus on risk based capital management.

Who should attend?

  • Technical staff
  • Compliance officers
  • Finance staff
  • Internal auditors.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

Sold out!

Scheduled dates for this course have now sold out, please keep checking the website for updates to availability. Dates are added subject to demand and can also be run in-house for corporate clients.