Solvency II: An Interactive Briefing

Solvency II: An Interactive Briefing

Solvency II brings more demanding capital adequacy and aligns it with wider enterprise risk management. It will
have far-reaching consequences for all insurers. Originally proposed in 2003, in the wake of the Sharma report into
insurer failures, full implementation across Europe didn't take place until 2016. No longer part of the EU, the UK still
follows Solvency II but is proposing changes to the capital rules. Nevertheless the principles of risk-based capital
management, underpinned by effective governance, will remain.

Summary

 Date: Optional

 Times: 09:30-12:30 (UK)

 Duration: One half-day

 No of attendees: 12-16

 Format: Online - Virtual delivery

 CPD: Recognised

 Trainer: To be confirmed

Course Overview

Solvency II : 

• Purpose, objectives, rationale and responsibilities
• Principles: a balance sheet approach to risk based capital allocation
• Key Components: the 3 pillar structure, Solvency Capital Requirement (SCR), Minimum Capital Requirement (MCR),  capital tiers and admissible assets, Own Risk Solvency Assessment (ORSA), the concept of Value-at-Risk (VaR),  standard formula v internal models
• Risks: key financial risk classes and identifying, categorising and quantifying other operational risks.
• Impact on systems of governance and reporting

What will I achieve by attending the workshop? 

By the end of the briefing, you will be able to:

• Explain the background to Solvency II and its objectives
• Describe its principal components
• Demonstrate the application of Solvency II using a simple insurance balance sheet
• Explain the principal risk classes
• Suggest the operational issues created by different business models
• Appreciate the current approaches being adopted across the industry
• Explore the implications of a greater focus on risk based capital management

Who should attend?

This is a high-level introductory briefing for staff in insurance companies who have not yet been involved but who need to understand how it affects the business models, decision making, reporting and day to day activity.

Corporate Solutions

As part of our commitment to advancing professional standards within the sector, the CII offers a comprehensive suite of training and development solutions. These are designed to provide a structured, collaborative approach to skills enhancement, fully aligned with our internationally recognised Professional Map.  We offer workshops covering exam revision, technical training and business and leadership topics. 

Whether you're looking to upskill employees, support career progression, or drive business success, our bespoke training solutions can elevate and future proof the competencies required across your workforce. 

A full list of courses can be viewed in our 2025 Training Catalogue.

Corporate (in-house) request

To book this workshop for your company as an in-house training session for between 7-16 Delegates, on a date that's convenient for you, please register your interest here:

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To register for this workshop or to request further information, please contact us at: business.enquiries@cii.co.uk 

Please note our workshops are priced using British Pound Sterling (GBP). The final purchase cost will be processed using the relevant international currency conversion rate at the point of sale. Contact us for further information.

Your booking will only be confirmed, once you receive a booking confirmation email from the training team.

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