Certified Solvency ii Professional (CSiiP), distance learning and online certification program

This course has been designed to provide with the knowledge and skills needed to understand and support compliance with the Solvency ii Directive of the European Union.

For secure payment we work with PayPal, the faster and safer way to make online payments. With PayPal we minimize the cost of administration and compliance with national and international laws, so we can keep the cost of our programs and services so low.

Only PayPal receives your credit card number and your financial information. We receive your full name, your email, and your mail address. According to the PayPal rules, you have the option to ask for a full refund up to 60 days after the payment. If you do not want one of our programs or services for any reason, all you must do is to send us an email and we will refund the payment, no questions asked.

When you click "Buy Now" below, you will be redirected to the PayPal web site. Your payment will be received by our strategic partner and service provider, Cyber Risk GmbH (Rebackerstrasse 7, 8810 Horgen, Switzerland, Handelsregister des Kantons Zürich, Firmennummer: CHE-244.099.341). Cyber Risk GmbH may also send certificates to all members..

The all-inclusive cost is $297.

What is included in the price:

A. The official presentations we use in our instructor-led classes (2,089 slides)

Only 1,153 slides are needed for the exam, as all the questions are based on these slides. The remaining 936 slides are for reference. These additional slides will help you understand better important parts of the Solvency II framework.

You can find the course synopsis below.

B. Up to 3 Online Exams

There is only one exam you need to pass, in order to become a Certified Solvency ii Professional (CSiiP).

If you fail, you must study the official presentations again, but you do not need to spend money to try again. Up to 3 exams are included in the price.

To learn more about the online exam you may visit:

www.solvency-ii-association.com/CSiiP_CSiiEP_Frequently_Asked_Questions.pdf

www.solvency-ii-association.com/CSiiP_CSiiEP_Certification_Steps.pdf

C. Personalized Certificate printed in full color

Processing, printing, packing and posting to your office or home.


Certified Solvency ii Professional (CSiiP), distance learning and online certification programs

Objectives

This course has been designed to provide with the knowledge and skills needed to understand and support compliance with the Solvency ii Directive of the European Union.

Target Audience

This course is intended for decision makers, managers, professionals and consultants that:

A. Work in Insurance or Reinsurance firms of EEA countries.

B. Work in Groups - Financial Conglomerates (FC), Financial Holding Companies (FHC), Mixed Financial Holding Companies (MFHC), Insurance Holding Companies (IHC) - providing insurance and/or reinsurance services in the EEA, whose parent is located in a country of the EEA.

C. Want to understand the challenges and the opportunities after the Solvency ii Directive.

Course Synopsis

    Introduction

  • The European Union’s Legislative Process
  • Directives and Regulations
  • The Financial Services Action Plan (FSAP) of the EU
  • Extraterritorial Application of European Law
  • Extraterritorial Application of the Solvency II Directive
  • Solvency ii and the Lamfalussy Process
  • Level 1: Framework Principles
  • Level 2: Detailed Technical Measures
  • Level 3: Strengthening Cooperation Among Regulators
  • Level 4: Enforcement
  • Weaknesses of Solvency I
  • From Solvency I to Solvency II
  • Solvency ii Players
  • Solvency ii Objectives

    The Solvency II Directive

  • A Unified Legislative Basis for Prudential Regulation of Insurers and Reinsurers
  • Risk-Based Capital Allocation
  • Scope of the Application
  • Important Definitions
  • Value-at-Risk in Solvency II
  • Authorisation
  • Corporate Governance
  • Governance Functions
  • Risk Management
  • Corporate Governance and Risk Management - Level 2
  • Fit and proper requirements for persons who effectively run the undertaking
  • Internal Controls
  • Internal Audit
  • Actuarial Function
  • Outsourcing
  • Board of Directors: Role and Solvency ii Responsibilities
  • 12 Principles – System of Governance (Level 2)
  • Pillar 2, Pillar 3

  • Supervisory Review Process (SRP)
  • Focus on Risk Management and Operational Risk
  • Own Risk and Solvency Assessment (ORSA)
  • ORSA - The Internal Assessment Process
  • ORSA - The Supervisory Tool
  • ORSA - Not a Third Solvency Capital Requirement
  • Capital add-on
  • Disclosure Requirements
    The Solvency and Financial Condition Report (SFC)
  • Pillar 1

  • Valuation Of Assets And Liabilities Technical Provisions
  • The Solvency Capital Requirement (SCR)
  • The Value-at-Risk Measure Calibrated to a 99.5% Confidence Level over a 1-year Horizon
  • The Standard Approach
  • The Internal Models
  • The Collection of Additional Historical Data
  • External Data
  • The Minimum Capital Requirement (MCR)
  • Non-Compliance with the Minimum Capital Requirement
  • Non-Compliance with the Solvency Capital Requirement
  • Own Funds
  • Investment Rules
  • Internal Models

  • CEIOPS Level 2 - Tests and Standards for Internal Model Approval
  • CEIOPS Level 2 - The procedure to be followed for the approval of an internal model
  • Internal Models Governance
  • Group internal models
  • Statistical quality standards
  • Calibration and validation standards
  • Documentation standards
  • Group Supervision, Third Countries

  • Solvency I: Solo Plus Approach
  • Group Supervision under Solvency II
  • Rights and duties of the group supervisor
  • Group Solvency - Methods of calculation
  • Method 1 (Default method): Accounting consolidation-based method
  • Method 2 (Alternative method): Deduction and aggregation method
  • Parent Undertakings Outside the Community - Verification of Equivalence
  • Parent Undertakings Outside the Community - Absence of Equivalence
  • The head of the group is in the EEA and the third country regime is not equivalent
  • The head of the group is in the EEA and the third country regime is equivalent
  • The head of the group is outside the EEA and the third country is not equivalent
  • The head of the group is outside the EEA and the third country regime is equivalent
  • Small and Medium-Sized Insurers: The Proportionality Principle
  • Captives and Solvency II
  • Equivalence

  • Solvency ii and Countries outside the European Economic Area
  • The International Association of Insurance Supervisors (IAIS)
  • The Swiss Solvency Test (SST) and Solvency ii
  • Solvency ii and the Offshore Financial Centers (OFCs)
  • Solvency ii and the USA
  • Solvency ii and the US National Association of Insurance Commissioners (NAIC)
  • The Federal Insurance Office created under the Dodd-Frank Act in the USA
  • The ORSA in the USA
  • Closing

  • The Impact of Solvency ii Outside the EEA
  • Providing Insurance Services to the European Client
  • Competing with Banks
  • Learning from the Basel ii Framework
  • Regulatory Arbitrage: A Major Risk for Countries that see Compliance as an Obligation
  • Basel II, Basel III, Solvency II and Regulatory Arbitrage
  • Challenges and Opportunities: What is next
  • Regulatory Shopping after Solvency II

To learn about the online exam you may visit:

www.solvency-ii-association.com/CSiiP_CSiiEP_Frequently_Asked_Questions.pdf

www.solvency-ii-association.com/CSiiP_CSiiEP_Certification_Steps.pdf


Privacy and Compliance