Solvency and IRRD: Changes in Supervision as of 2027

Introduction & Programme

The current Solvency II regulation will apply for the last time to the 2026 financial year. From 30 January 2027, not only will an amended Solvency II framework enter into force, but the Insurance Recovery and Resolution Directive (IRRD) will also become applicable.

Currently the supervisory authority is responsible for the (microprudential) supervision of insurance undertakings. The new regulatory system requires the establishment of a resolution authority (IRRD) and the designation of a body or an authority with a macroprudential mandate. Furthermore, the Commission is considering the introduction of minimum harmonised Insurance Guarantee Schemes (IGS).

Against this background, knowledge of the pertinent amendments to Solvency II, the relevant provision of the IRRD and the considerations regarding IGS is a prerequisite for assessing their potential impact on undertakings.

It is important to consider the regulatory changes not in isolation, but in relation to one another. For example, the rules governing the transition of responsibility from the supervisor to the resolution authority, as well as the possible role of IGS in resolution processes require thorough analysis. Possible overlaps and interactions will therefore be identified and discussed. The inclusion of IGS in resolution processes will also be considered. 

The tasks of actuaries and risk managers will be considerably affected by these changes. This web session will deal with the following topics:

• Amendments to the SII framework
• IRRD and related technical standards and guidelines
• Potential changes related to IGS

Preliminary Programme
Wednesday, 21 October 2026
09:00-10:30 Amendments to the Solvency II framework
10:30-10:45 Break
10:45 -12:15 IRRD, IGS, Q&A

All the above times are given in CEST (Central European Summer Time).

Learning Objectives & Approach

This web session aims to present relevant changes to the SII framework, provide an overview of the main features of the IRRD and outline the current status of discussions regarding the potential scope of a harmonised IGS framework.  Besides presenting technical details and reporting requirements, possible overlaps and necessary differentiations within the regulatory framework will be highlighted.

Participants

From 30 January 2027 the amended Solvency II framework and the IRRD will become applicable. The goal of this web session is to provide actuaries and risk managers with an overview of the relevant changes. As in-depth actuarial expertise is not required, however, participation can also be beneficial for anyone who would like to learn more about the new or amended regulatory framework and the newly established resolution regime. 

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

Lecturers

Siegbert Baldauf
Siegbert is a member of the German Actuarial Association (DAV) and a Certified Enterprise Risk Actuary (CERA). For more than 30 years, he held executive functions in accounting, pricing and economic valuation at life insurance companies of the ERGO Group in Germany. For several years until his retirement in 2016, he acted as the Responsible Actuary for two of the Group’s life insurers. From 2013 until the end of 2025, he chaired the SII Working Group of the Actuarial Association of Europe (AAE). He is now working as an independent actuary.

Language & CPD Credits

The language of the web session will be English.

CPD Credits
For this web session, the following CPD credits are available under the CPD scheme of the relevant national actuarial association:

• Austria: 3 points
• Belgium:  3 points
• Bulgaria:  4.5 points
• Croatia: individual accreditation
• Czechia:  3 hours
• Denmark: 3 credits
• Estonia:  3 hours
• Finland: 3 points
• France:  18 points
• Germany:  3 hours
• Greece: 4 points
• Hungary:  3 hours
• Iceland: 3 credits
• Ireland: 3 hours
• Italy: GdLA individual accreditation
• Latvia: 3 hours
• Lithuania: 3 hours
• Netherlands:  approx. 3 points (individual accreditation)
• Norway: 3 points
• Poland: 3 hours
• Portugal: 3 hours
• Serbia: 3 hours
• Slovakia:  individual accreditation
• Slovenia:  individual accreditation
• Spain: CAC: 3 hours, IAE: 3 hours
• Switzerland:  individual accreditation
• USA: SOA (Section B): up to 3.6 hours

No responsibility is taken for the accuracy of this information.

Fees & Registration Details

Early Bird Registration Fee (until 9 September 2026):

• For private customers in the EU: €240.00 + VAT of the billing country (example Germany: €285.60 incl. 19% VAT)
• For private customers outside the EU: €285.60 (incl. 19% VAT)
• For businesses within the EU (excl. Germany, with valid VAT ID): €240.00 (net, reverse charge applies)
• For businesses in Germany: €285.60 (incl. 19% VAT)

Regular Registration Fee (from 10 September 2026):

• For private customers in the EU: €315.00 + VAT of the billing country (example Germany: €374.85 incl. 19% VAT)
• For private customers outside the EU: €374.85 (incl. 19% VAT)
• For businesses within the EU (excl. Germany, with valid VAT ID): €315.00 (net, reverse charge applies)
• For businesses in Germany: €374.85 (incl. 19% VAT)

Important VAT Information:

• For private customers with a billing address in an EU country: VAT will be charged at the applicable rate in the country of the billing address. The final amount, including VAT, will be calculated upon invoicing.
• For customers with a non-EU (third country) billing address: Only a non-company billing address is accepted for VAT compliance reasons. 19% VAT applies to all non-EU private customers.
• For businesses within the EU (excluding Germany), Iceland, Liechtenstein, Norway, Switzerland, and the UK with a valid VAT ID: The reverse charge mechanism applies (net price; VAT will not be charged). Please ensure your valid VAT ID is entered correctly during registration.
• For all customers with a billing address in Germany: 19% VAT applies.

Please submit your registration using our online form below. Closer to the event, you will receive further login details to join the web session.

Your registration is binding. Cancellation is only possible up to 2 weeks before the first day of the event. If you cancel later, the full participation fee is due. You may appoint someone to take your place but must notify us in advance. EAA has the right to cancel the event if the minimum number of participants is not reached.

We will send you an invoice via email. Please allow a few days for handling. Please always give your invoice number when you effect payment. All bank charges are to be borne by the participant.

Registration is open until two working days before the web session. If registration has already been closed for this web session, please call us or send an email to contact@actuarial-academy.com in order to find out whether a late registration is still possible.