Solvency II - Introduction

Pricing

Cost for BPP PD Members: £518 + VAT 6 CPD Hours
(£650.00 + VAT for non BPP PD Members Click Here for details of our membership scheme).

Delegates:

This course will be of benefit to bankers, analysts, accountants, lawyers, advisers, non-executive directors and executives at all levels who are involved in or with the insurance industry. Some basic knowledge of the insurance business is essential.

Course content:

This one day course covers the key features of the Solvency 2 Directive. It will include a comparison with the current Solvency 1 regime as well as highlighting the differences to the PRA’s own developments of the existing EU regime.

Learning outcomes include obtaining a greater understanding of:

  • Review of risks in the insurance business
  • Need for Solvency Capital
  • Review of existing regimes
    • Solvency 1
    • Realistic reporting
    • Individual Capital Assessment
  • Three Pillars of Solvency 2
    • Pillar 1: Quantitative requirements
    • Pillar 2: Governance and risk management
    • Pillar 3: Disclosure and transparency requirements
  • The Solvency 2 Balance Sheet
    • Market-consistency
    • Risk-sensitivity
    • Differences to IFRS balance sheet and MCEV method
  • Assets
    • Investments
    • Participations
    • Reinsurance recoverable
  • Liabilities
    • Non-insurance liabilities
    • Technical provisions
    • Unbundling, segmentation and categorisation
    • Hedgeable vs. non-hedgeable liabilities
    • Best estimate plus risk margin
  • Own Funds
    • Basic and ancillary own funds
    • Tiers1, 2 and 3
    • Capital structure rules
  • Overview of the Calculation of SCR and MCR
    • Standard formula
    • Internal models
    • Variations
    • The supervisory “Ladder of Intervention”
  • Supervisory roles and processes under Solvency 2
  • Impact of Solvency 2 on different types of insurance companies

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."


Course Dates

Location Dates Time Availability  
London 27 Sep 2019 9:00 AM - 5:00 PM  Spaces Book Now

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