Milliman Life insurance training
Life Insurance in Ireland Overview and Financial Aspects
CONTENTS
This training course provides an overview of the life insurance market in Ireland and an introduction
to the financial aspects of life insurance business. The course comprises two half-day modules
giving attendees the flexibility to attend the morning session, the afternoon session, or both sessions
as desired.
The morning session will provide an overview of the domestic and cross-border life insurance
markets, the regulatory environment for life insurers in Ireland including the transition to Solvency II.
The afternoon session will delve into the detail of various forms of financial reporting for both profit
measurement and solvency reporting, including Solvency I, Solvency II, IFRS and embedded value
reporting for life insurers.
This course is suitable for anyone who is looking for a ‘refresher course’ or is new to the life
insurance industry.
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
Date: Wednesday, 20 May 2015
Time: Module 1: 9.00am – 12.30pm
Module 2: 1.30pm – 5.00pm
VENUE AND COSTS
Dublin city centre location – TBC
One module (morning or afternoon) - €595 per attendee
Full course (morning and afternoon) - €995 per attendee (lunch included)
Prices are VAT exempt and include all course materials (20% discount for additional attendees)
Bookings - contact Geraldine Byrne + 353 1 647 5900 or email [email protected]
Bookings - contact Geraldine.Byrne + 353 1 647 5900 or email [email protected]
COURSE CONTENTS
Module 1: Overview of Life Insurance in Ireland
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Domestic market and product types
Cross-Border market and product types
Regulatory Framework
Introduction to Solvency II
Module 2: Financial Aspects of Life Insurance
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Product pricing and profit metrics
Ongoing profit measurement – Financial Statements and IFRS, Embedded Value
Solvency measurement – Solvency I to Solvency II
Future Developments – IFRS 4 Phase 2
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:
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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