Course Title

Solvency ii for vendors, consultants and service providers. What insurers and reinsurers need after the Solvency ii Directive

Objectives

This course has been designed to provide with the knowledge and skills needed to understand:

1. What insurers and reinsurers need after the Solvency II Directive.

2. The new opportunities for vendors, suppliers, service providers and consultants.

Target Audience

This course is intended for vendors, suppliers, service providers and consultants that want to understand the new challenges and business opportunities, after the Solvency II Directive and the new technical measures.

Course Synopsis

Introduction

Overview of the Solvency II Directive and the Technical Measures.

Introduction to the Solvency II Amendments.

The three pillars.

The new important needs after the Solvency II Framework.

Solvency ii: The new Role of the Board of Directors and Executive Management. The need for systems, models and consultants.

The Direct Correlation between Risk and Capital - by Improving the Quality of Risk Management Firms can Reduce the Required Regulatory Capital.

Understanding the Minimum Capital Requirement (MCR) and the Solvency Capital Requirement (SCR). The need for systems, models and consultants.

Internal Models: Why? When? At what cost?

Pillar 2 and the Supervisory Review Process (SRP). The need for systems, models and consultants.

Supervision of Insurance and Reinsurance Undertakings in a Group.

Parent Undertakings Outside the Community.

How Countries and Firms use Solvency ii Compliance as a Competitive Advantage.

The Basel iii Accord for Banks and the Solvency ii Directive for Insurance Firms. A Comparative Analysis. Common systems and needs. The IT infrastructure and the new data management opportunities.

Systemically Important Financial Institutions (SIFIs) and Global Systemically Important Financial Institutions (G-SIFIs). The additional need for systems, models and consultants.

The presentation can be customized to meet specific needs.


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