IA|BE Solvency II Advanced Pillar I - LAC DT Management Actions
The loss-absorbing capacity of technical provisions (LAC TP) and the role of management actions are among the most judgement-intensive aspects of the Solvency II SCR calculation and among the most scrutinised by supervisors. LAC TP reflects the extent to which a stress scenario can be absorbed through a reduction in future discretionary benefits, allowing insurers to reduce their gross SCR accordingly. Recognising this capacity requires a detailed understanding of policy conditions, profit participation mechanisms and the realistic management actions that an insurer would take in a stressed environment. This session provides a rigorous treatment of the LAC TP framework, covering the conditions for recognition, the calculation approach and the interaction with the with-profit and unit-linked business. Participants will examine what constitutes a realistic and legally enforceable management action, how these actions must be documented and stress-tested, and how the boundary between LAC TP and policyholder reasonable expectations is drawn in practice.
This session is suited for actuaries and insurance professionals involved in SCR calculations, product management or risk management at life insurers who want to deepen their technical understanding of LAC TP and the role of management actions under Solvency II.
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: LAC DT management actions
| On Tuesday 9 June: | |
| 16:30 - 18:30 | Solvency II Advanced - Pillar I: LAC DT Management Actions By BALDAUF Siegbert |