Schedule of CPD Program : Solvency II - Basic (22 CPD)

Principles of Solvency II

1. The past

2. The birth of Solvency II

3. Main characteristics of Solvency II

3.1. The three pillar approach

3.2. The risk based approach

4. The present

5. Experience with Solvency II

5.1. Capital requirements

5.2. Governance

5.3. Public disclosure and supervisory reporting

5.4. Group supervision

6. Changes in the air

6.1. The review of the Framework Directive

6.2. Solvency II and sustainable finance

7. Concluding observations

• Risk measure and economic capital
• Value at Risk
• Tail Value at risk
• Coherent risk measures
• Risk measures in a Gaussian environment
• Aggregation of risks
• Introduction to dynamic risk measures

• Balance sheet structure
• SCR
• MCR
• ...

Speaker from Deloitte

• Introduction & Agenda
• Life Insurance SII Balance Sheet
• Some interesting figures on the life insurance market
• Solvency II Life hot topics part 1 (DTA/DTL - LAC DT - Contract Boundaries - ... )
• Solvency II Life hot topics part 2 (Risk mitigating measures, expenses, profit shariing, ...)
• Solvency II review

 1. Best Estimates Non-Life :

• Introduction
• Best Estimate Claims Provision and Best Estimate Premium Provision
• Data and Assumptions, Data Quality
• Some Techniques
• Discounting

 2. SCR Non-Life Underwriting Risk :

• Introduction
• Info on Sub-Modules (Premium and Reserve Risk, CAT Risk and Lapse Risk)
• Correlation matrix (diversification effect)          

 3. Q&A

• Introduction
• Why Solvency II?
• What is Solvency II ?
• Pillar 1: Best Estimate Technical Provisions
• General provisions
• Valuation of assets & liabilities
• Technical provisions
• Risk margin
• Own funds
• BREAK
• Pillar 1: Solvency Capital Requirement

Topics:

• Introduction to reinsurance
• Main forms of reinsurance
• Solvency II and reinsurance
• Business case: Standard formula vs internal model to optimize reinsurance position

• Context and main objectives of the ORSA process
• Description of the main operational steps of the ORSA process
• Governance, monitoring and follow-up of the ORSA process
• NBB Circular and Communication
• Illustration
• Conclusions and perspectives: Development of best practices and nex challenges for insurers

• QRT
• RSR overview
• SFCR overview
• Disclosure
• Supervisory reporting

Speakers: Martijn Cuypers - Olivier Dozin - Steven Simon

• Governance