Milliman Solvency II training
Solvency II – Financial Aspects for
Life Insurers (Pillar 1)
CONTENTS
This one day training course will focus on the financial aspects of Solvency II (Pillar 1) for life
insurers. This will include a wide range of key topics including the valuation of assets and liabilities,
Own Funds, and Solvency Capital Requirements with examples.
This course is suitable for actuaries, accountants, senior management and Board members, who
wish to understand the Solvency II balance sheet in more detail and what Solvency II will mean for
the financial position of the company.
WORKSHOP METHODOLOGY
The workshop methodology consists of a balanced mix of lectures and practical examples, with time
for individual questions from delegates.
COMPREHENSIVE COURSE MATERIAL
Comprehensive documentation containing all course material will be provided.
valuable continuing reference resource.
This will be a
TRAINING DATE AND TIME
Tuesday, 12 May 2015
Time: 9.00am – 5.00pm
VENUE AND COSTS
Dublin city centre location – TBC
€1,150 per attendee (VAT exempt), including all course materials and lunch (20% discount for
additional attendees)
COURSE CONTENTS
A wide range of key topics including:

Valuation of assets

Calculation of Technical Provisions
o
Best Estimate Liability – including the volatility and matching adjustments
o
Contract boundaries
o
Risk Margin
COURSE CONTENTS (CONTINUED OVERLEAF)
Bookings - contact Geraldine Byrne + 353 1 647 5900 or email [email protected]
Bookings - contact Geraldine Byrne + 353 1 647 5900 or email [email protected]

Valuation of liabilities other than technical provisions

Deferred Tax Asset/Liability

Solvency Capital Requirement (SCR)
o
Focus on Standard Formula
o
Full and partial internal models

Minimum Capital Requirement (MCR)

Transitional Measures

Own Funds
ABOUT MILLIMAN
Milliman is among the world’s largest providers of actuarial and related products and services. The
firm has consulting practices in life insurance and financial services, property & casualty insurance,
healthcare and employee benefits. Milliman maintains a strong and growing presence in Europe
serving clients from offices in Amsterdam, Brussels, Bucharest, Dublin, Dusseldorf, London, Madrid,
Milan, Munich, Paris, Stockholm, Warsaw, and Zurich.
OTHER MILLIMAN TRAINING IN 2015
We are running a range of financial, regulatory and risk management training courses in 2015
including:






Highlights of Solvency II and the CBI’s Preparatory Guidelines (half day)
Insurance Risk Management Essentials and the ORSA (half day)
Life Insurance in Ireland - Overview and Financial Aspects (2 x half day)
Financial Aspects of Solvency II - Pillar 1 (full day)
Reporting and Disclosure requirements of Solvency II - Pillar 3 (2 x half day)
Key Components of Insurance Risk Management (full day)
Courses can be run in-house or externally as required, and can be tailored to either introductory,
practitioner or executive level and to cover the specifics of your business. Please contact Andrew
Kay ([email protected]) or your usual Milliman consultant for further information.
milliman.ie