Course Title

Challenges and Opportunities for Supervisors, after the Solvency II Directive. The National Discretions.


This course has been designed to provide supervisors with the knowledge and skills needed to understand the difficult options and national discretions that change the insurance and reinsurance sectors in each European country. Also, the impact of the national discretions on profitability.

Target Audience

This course is intended for microprudential supervisors .

Course Synopsis


Overview of the Solvency II Directive and the Technical Measures.

Important differences in the implementation of the Solvency II Directive and the impact of these differences.

The important changes after the Solvency II Framework

Understanding the Minimum Capital Requirement (MCR) and the Solvency Capital Requirement (SCR). Regulatory differences and national discretions.

Do firms need an Internal Model? Why? When? At what cost? Regulatory differences and national discretions.

Pillar 2 and the Supervisory Review Process (SRP). Regulatory differences and national discretions.

Supervision of Insurance and Reinsurance Undertakings in a Group.

Parent Undertakings Outside the Community.

Special Purpose Vehicles after the Solvency II framework.

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

Challenges and Opportunities

The Basel iii Accord for Banks and the Solvency ii Directive for Insurance Firms. A Comparative Analysis.

Why the New Capital Rules have a Substantial Impact on Profitability.

Banks with Insurance Subsidiaries. Insurance Firms with Banking Subsidiaries.

The different impact on business from the interaction of Solvency II, Basel III, the Financial Conglomerates Directive (and its possible amendment), the decisions for Systemically Important Financial Institutions (SIFIs) and Global Systemically Important Financial Institutions (G-SIFIs).

The presentation can be customized to meet specific needs.

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