IA|BE Solvency II Advanced - Pillar I: Standard formula versus internal model
Under Solvency II, insurers can calculate their SCR using either the standard formula prescribed by EIOPA or a (partial) internal model approved by the supervisory authority. While the standard formula offers a harmonised, ready-to-use approach based on prescribed stress factors and correlation matrices, it may not always reflect the true risk profile of a specific undertaking. Internal models allow insurers to use their own methodologies and data to better capture their risk profile, but require substantial investment in governance, validation and supervisory engagement.
In this session will gain practical insight into model choice, capital optimisation and the implications of the 2026 Solvency II review. Interesting for actuaries and insurance professionals with a working knowledge of Solvency II who want to deepen their technical understanding of SCR modelling and capital optimisation. Particularly relevant for those involved in SCR calculations, model governance, risk management or regulatory reporting at Belgian insurers or reinsurers.
Speaker
Dr. Michael Leitschkis, Managing Partner at Kynesis Consulting, with over 20 years of experience in the insurance industry across Germany, the UK and Bermuda. His career includes senior roles as Principal at a leading consulting firm and Group Chief Actuary at a large international insurance group.
Practical info
The session will be delivered in English, and a Teams link will be shared two days prior to the session.
Schedule of CPD: Solvency II Advanced - Pillar I: Standard formula versus internal model
| On Thursday 21 May: | |
| 16:30 - 18:30 | Advanced - Pillar I: Standard Formula versus Internal Model |