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
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