The aim of this seminar is to provide participants with an overview of practical solutions and examples to approach the key areas of Solvency II that relate to non-life insurance business. After this seminar, participants should be able to identify and approach the key challenges to progress with regard to Solvency II compliance in their organisation.
Key Topics Pillar 1:
Pillar 1 for Non-Life Insurers
• Overview on Pillar 1 - Regulatory requirements / challenges for technical provisions and SCR
Non-Life Technical Provisions – Outstanding Claims Provision
• Best estimate claims reserving under Solvency II
• Special topics in best estimate claims reserving - in particular validation / variation analysis
Non-Life Technical Provisions – Premium Provision
• Concept of premium provision under Solvency II
• Calculation methods for premium provision
Non-Life SCR and Undertaking Specific Parameters (USPs)
• Overall Non-Life SCR - in particular cat helper tab
• USPs for Reserve Risk and Premium Risk
Key Topics Pillar 2:
Pillar 2 for Non-Life Insurers
• Overview on Pillar 2 - Regulatory requirements / challenges for Governance and FLAOR (ORSA)
Governance – Actuarial Function
• Overview and Non-Life Specific Aspects Actuarial Function
• Actuarial Function Report template incl.:
- Overall structure/content of Actuarial Function report
- Specific examples for sections on Technical Provisions, Opinion to Underwriting, Opinion to reinsurance, Contribution to Risk Management
FLAOR (ORSA)
• Overview and Non-Life Specific Aspects FLAOR (ORSA)
• Standard Formula Suitability Assessment for a non-life insurer
• Stress and Scenario Testing for non-life insurer incl. case study
• Balance sheet and SCR projection methods for non-life insurer incl. case study
Key Topics Pillar 3:
Pillar 3 for Non-Life Insurers
• Overview on Pillar 3 - Regulatory requirements / challenges for QRTs, RSR and SFCR
QRTs
• Introduction to non-life relevant QRTs
• Analysis and presentation of specific examples
SFCR / RSR
• Overall structure/ content of RSR and SFCR
• Content to individual sections within reports, e.g.
- Actuarial Function
- Fit and Proper
- Risk profile