Course Summary:

The aims of this full day course are to provide an introduction to the implementation of the Solvency II Directive in Ireland.

Solvency II is a European Union legislative initiative for regulating insurance businesses by setting out capital and corporate governance requirements. This represents a major change in the way insurance undertakings organise themselves and are regulated.  It takes effect in January 2014 and will bring about a significant change in the way risk is viewed. Firms must define their own risk profile and show that they have sufficient capital to meet this level. Firms must also demonstrate that they have sufficient risk management and corporate governance mechanisms in place.

Course Contents: 

Solvency II introduces a number of new capital requirements – the Minimum Capital Requirement and the Solvency Capital Requirement. It also imposes a new architecture on insurance firms, requiring the establishment of risk and control functions.

Benefits:

By attending this course participants will gain an understanding of:

  • Timetable for introduction and Financial Regulator adoption requirements
  • Role of CEIOPS/Establishment of EIOPA
  • Role of the group supervisor
  • Use and approval of internal models
  • Pillar 1 – Quantitative Pillar
    • Valuation of Technical Provisions
    • Minimum Capital Requirement
    • Solvency Capital Requirement
  • Pillar 2 – Qualitative Pillar
    • Own Risk and Solvency Assessment
    • Supervisory Review Process
  • Pillar 3 – Disclosure Pillar
    • Annual report on solvency and financial condition
  • Corporate Governance requirements
    • Risk Management function
    • Internal Control/Compliance function
    • Internal Audit function
    • Actuarial function
  • Previous experience when applied to investment firms

Who Should Attend:

  • Directors (Executive and Non-Executive)
  • Compliance Officers
  • Risk Managers
  • Actuaries
  • Internal Auditors
  • External Auditors

Cost:

€620 for 1st attendee
€550 for 2nd attendee from same firm attending same day
(All training fees are VAT exempt)

 

Details:

Date Time Venue  
Thursday 18th April 2019 9.00am - 5.00pm
38/39 Baggot Street Lower, Dublin 2
Attendee 1

Alternative Payments:

To pay by bank transfer/cheque please make your booking via bookings@complianceireland.com including the course name, course date, your name and contact details (including email address and telephone number). We will email you with an invoice and course details which includes the details of how to make payments.

Enquiries:

If you wish to enquire about a course before booking, please contact us at email@complianceireland.com

CPD Details:

We apply for CPD accreditation for all of our courses. See our website for further details: http://www.complianceireland.com/training/cpd

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