Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Hrvatsko Aktuarsko Drustvo.

Solvency II is set to become the new capital adequacy regime for the European insurance industry. The implementation of Solvency II will take effect from 1 January 2016 following the enactment by the European Parliament on 11 March 2014. Just recently various consultation papers were released for public consultation and later this year additional information on Solvency II requirements are expected to be published.

The new regime will establish a revised set of EU-wide capital requirements and risk management standards that will replace the current solvency requirements for all 28 member states. The Solvency II requirements are set out in three pillars covering capital requirements (Pillar 1), governance and risk management requirements (Pillar 2), and reporting and disclosure requirements (Pillar 3).

The aim of this seminar is to provide participants with an in-depth introduction to all aspects of Solvency II, covering all three pillars. The seminar will be of interest for anyone who wants to increase their overall knowledge of Solvency II, regardless of their experience or position in the company. At the end of the seminar, participants will have a comprehensive set of course material that will provide a valuable continuing reference resource.

The seminar will also provide participants with an insight of current Solvency II progress and expected timelines for the future development and implementation of the framework.

Dr Nader Razouk, Allianz Germany
Since 2014 Nader Razouk is employed in the actuarial department of Allianz Deutschland AG. In this role, he is involved in the implementation of the Actuarial Function and IMAP for PC, Life and Health segment. Prior to this, he was working for Ernst & Young and was specializing in Pillar I and II Solvency II implementation topics. While at Ernst & Young he has supported a number of European insurers in their Solvency II program implementation. Nader Razouk studied mathematics in Berlin (Germany) and Atlanta (USA). Nader Razouk is a member of the DAV and since 2011 is regularly lectures for DAV and EEA on Solvency II related topics.

Dr Zeljko Strkalj, Ernst & Young
Zeljko Strkalj is a Senior Manager with Ernst & Young and has more than 12 years of experience working in the insurance industry. Zeljko has advised some of the world’s largest insurers and reinsurers on various strategic and actuarial topics and is currently leading several Solvency II implementation projects. Prior to joining Ernst & Young, he worked at Boston Consulting Group and Milliman. He started his career as Product and Pricing actuary at Allianz. Zeljko is a member of the German Actuarial Association (DAV) and has presented frequently at industry conferences and published articles in insurance magazines. He regularly lectures on seminars of the European Actuarial Academy.

Elizabeta-Ivana Ukalović, Allianz Croatia
Elizabeta -Ivana Ukalović is employed in Allianz Zagreb d.d Croatia and in July 2014 she took a Senior Auditor role from CRO position thus having 8 years of experience in insurance industry. On the previous position she was responsible for setting up risk management and Solvency II program. Prior to joining Allianz Zagreb d.d she worked 8 years in PricewaterhouseCoopers as an external auditor covering insurance, banks, industries and due diligence segments. Elizabeta-Ivana studied in Australia, majoring in Accounting and Business Law. She lectures on the Croatian market on various Solvency II topics and is a leader of Pillar II working group on the Croatian insurance market.