Certified Solvency ii Training for the countries of the EEA
Certified Solvency ii Training for countries outside the EEA
Own Risk and Solvency Assessment (ORSA)
Solvency and Financial Condition Report
 
 
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Certified Solvency ii Training for non-EEA countries from the Solvency ii Association
the largest association of Solvency ii Professionals in the world
 
The Solvency ii Association develops and maintains a compendium of Solvency ii related risk and compliance topics. Subject matter experts review and update this body of knowledge.

The Solvency ii Association offers the following risk and compliance training course:
 
Certified Solvency ii Equivalence Professional (CSiiEP): Preparing for Equivalence with the Solvency ii Directive of the EU - Prep Course (3 days)
Understanding the Solvency ii and the Reinsurance directives of the EU, and their extraterritorial application to non-EU countries.
 
This course leads to our certification:

Certified Solvency ii Equivalence Professional (CSiiEP)
 
 
 
 
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
 
 
Instead of training, you can have more

1. Training

2. Certification by the Solvency ii Association.
As a certified professional, you are entitled to write about your certificate(s) in your CV, resume, websites etc. using the name and the logo of the association.
 
3. Membership to the Association and Updates - You become (at no cost) a member of the Solvency ii Association, to stay current with new developments in the Solvency ii related projects and news.
You will continue to learn, month after month.
  
 
Course Title
Preparing for Equivalence with the Solvency ii Directive of the European Union
Understanding the Solvency ii directive of the EU and the extraterritorial application to non-EU countries.
(3 days)
 
Objectives:
This course has been designed to provide with the knowledge and skills needed to understand the Solvency ii and the Reinsurance directives of the EU, and their extraterritorial application to non-EU countries.
 
Target Audience:
Many non-EEA countries have announced significant enhancements to their solvency and disclosure regulations for insurance, to achieve recognition as having equivalent regulatory standards to those in Europe’s Solvency II Directive.
 
This course is intended for managers, professionals and consultants working in countries outside the EEA, that want to understand the Solvency ii Equivalence requirements.
 
This course is intended for managers, professionals and consultants working in groups whose parent is located in a third country,  providing insurance services in the EEA (their EEA subsidiaries meet the requirements imposed by Solvency II).
 
This course is recommended for senior managers and executives of non-EEA countries involved in risk and compliance.
 
About the Course
 
INTRODUCTION
 
·         The European Union’s Legislative Process. Directives and Regulations
·         The Financial Services Action Plan (FSAP) of the EU
·         Solvency ii and the Lamfalussy Process
·         Level 1: Framework Principles
·         Level 2: Implementation of Principles. Detailed Technical Measures
·         Level 3: Strengthening Cooperation Among Regulators
·         Level 4: Enforcement
·         Overview of the Solvency I framework
·         From Solvency I to Solvency II
·         Solvency II Key Players
·         Committee of European Insurance and Occupational Pension Supervisors (CEIOPS)
·         European Insurance and Pension Committee (EIOPC)
·         CEA (Comité Européen des Assurances) - the European Insurance and Reinsurance Federation.
·         The International Association of Insurance Supervisors (IAIS)
 
 
OVERVIEW OF THE SOLVENCY II DIRECTIVE
 
·         Solvency ii: An Overview
·         A Risk Based Approach
·         A Unified Legislative Basis for Prudential Regulation of Insurers and Reinsurers
·         Risk-Based Capital Allocation
 
·         Pillar 1: The Financial Resources Needed to be Considered Solvent
·         The Solvency Capital Requirement (SCR)
·         The Standard Approach
·         The Internal Model
·         The Collection of Additional Historical Data
·         External Data
·         The IT Challenge       
·         The  Minimum Capital Requirement (MCR)
 
·         Pillar 2 and the Supervisory Review Process
·         Own Risk and Solvency Assessment (ORSA)
·         ORSA as an internal assessment process
·         ORSA as a supervisory tool
·         The role of the ORSA - not a third solvency capital requirement
 
·         Pillar 3 and the Disclosure Requirements
·         Solvency and Financial Condition Report
 
 
THE SOLVENCY II DIRECTIVE
 
·         Scope of the Application
·         Authorisation
·         Discussing some important definitions        
 
·         General principles of supervision
·         Home vs. Host country
·         Information to be provided for supervisory purposes
·         Capital Add-on
 
·        System of Governance
·         General Governance Requirements
·         Risk Management
·         Internal Controls
·         Internal Audit
·         Actuarial Function
·         Outsourcing
·        Own Risk and Solvency Assessment
·        Own Risk and Solvency Assessment and CEIOPS
 
·        Public Disclosure
·        Professional Secrecy and Exchanges of Information
·        Agreement with Third Countries
· 
·         Rules Relating to the Valuation of Assets and Liabilities, Technical Provisions, Own Funds, Solvency Capital Requirement, Minimum Capital Requirement and Investment Rules
·         Valuation of Assets and Liabilities
·         Calculation of Technical Provisions
·         Recoverables from Reinsurance Contracts and Special Purpose Vehicles
·         Own Funds
·         Determination, Classification, Eligibility of Own Funds
 
·         Solvency Capital Requirement
·         Requirement Using the Standard Formula or an Internal Model
·         Value-at-Risk
·         The SCR and the Value-at-Risk Measure Calibrated to a 99.5% Confidence Level over a 1-year Time Horizon.
·         Calculation of the Solvency Capital Requirement
·         Structure of the Standard Formula
·         Design of the Basic Solvency Capital Requirement
·         Capital requirement for operational risk
 
·         Full and Partial Internal Models
·         Calculation of the Minimum Capital Requirement
·         Insurance and Reinsurance Undertakings in Difficulty or in an Irregular Situation
·         Identification and Notification of Deteriorating Financial Conditions by the Insurance and Reinsurance Undertaking
·         Non-Compliance with the Solvency Capital Requirement
·         Non-Compliance with the Minimum Capital Requirement
·         Supervisory Powers in Deteriorating Financial Conditions
·         Withdrawal of authorisation
    

SOLVENCY II, GROUP SUPERVISION AND THIRD COUNTRIES

 
·         Right of Establishment and Freedom to Provide Services
·         Conditions for Branch Establishment
·         Branches Established Within the Community and Belonging to Insurance or Reinsurance Undertakings whose Head Offices are Outside the Community
·         Principles and Conditions of Authorisation
·         Equivalence
·         Subsidiaries of Insurance and Reinsurance Undertakings Governed by the Laws of a Third Country and Acquisitions of Holdings by such  Undertakings
·         Third-Country Treatment of Community Insurance and Reinsurance Undertakings
        
 
·         Supervision of Insurance and Reinsurance Undertakings in a Group
·         Group Supervision: Definitions, Cases of Application, Scope and Levels
·         Supervision of Group Solvency
·         Choice of Calculation Method and General Principles
·         Choice of Method
·         Related Insurance and Reinsurance Undertakings
·         Intermediate Insurance Holding Companies
·         Related Third-Country Insurance and Reinsurance Undertakings
·         Related Credit Institutions, Investment Firms and Financial Institutions
          
·         Calculation methods
·         Method 1 (Default method): Accounting Consolidation-Based Method
·         Group Internal Model
·         Method 2 (Alternative Method): Deduction and Aggregation
       
·         Third countries
·         Parent Undertakings Outside the Community -  Verification of Equivalence
·         Parent Undertakings Outside the Community -  Absence of Equivalence
·         Parent Undertakings Outside the Community -  Levels
·         Cooperation with Third Countries Supervisory Authorities        
 

THE REINSURANCE DIRECTIVE 

·         Directive 2005/68/EC of 16 November 2005 on Reinsurance
·         Reinsurance, Captive Reinsurance Undertakings, Finite Reinsurance
·         Authorisation
·         Principles and Methods of Financial Supervision
·          Supervision of Branches Established in Another Member State
·         Special Purpose Vehicles
·         Third Countries
·         Transposition
 

THE SOLVENCY II DIRECTIVE AND THE NON-EEA COUNTRIES

·         Solvency ii, the Reinsurance Directive and Countries outside the European Economic Area
·         The International Association of Insurance Supervisors (IAIS) Defines a (Similar to Solvency ii) 3 Pillar Approach to Supervision
·         The Swiss Solvency Test (SST) and Solvency ii: The basic principles are identical
·         Solvency ii, the Reinsurance Directive and the Offshore Financial Centers (OFCs)
·         Case Studies
·         Solvency ii, the Reinsurance Directive and the USA
·         The US National Association of Insurance Commissioners (NAIC) -  the Organization of State Insurance Regulators and Solvency ii
·         Solvency ii and Regulatory Arbitrage

CLOSING 

·         The Impact of Solvency ii outside the EEA
·         The risk for major Offshore Financial Centers - for the countries and the firms
·         The risk for third country reinsurance undertakings, captives, and holding companies
·         Providing Insurance Services to the European Client
  •  The Level 2 - Technical measures
  •  Solvency ii: A risk that can become an opportunity
 
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
 
 
The course can be tailored to meet specific needs
 

    Download Our Brochure about our designation: Certified Solvency ii Professional (CSiiP)

Download Our Brochure about our designation: Certified Solvency ii Equivalence Professional (CSiiEP)

 

   
 
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