22/23 Jun 2015 in Vienna
System of Governance SII - An Actuarial Perspective
Organised by the EAA - European Actuarial Academy GmbH in cooperation with the Österreichische Förderungsgesellschaft der Versicherungsmathematik GmbH (ÖFdV GmbH).
Solvency II will apply starting from 1/1/2016 and hence will require all insurers to prepare for the upcoming tasks. Since 2014 the so called Solvency II preparatory phase is in force, guided by a number of preparatory guidelines issued by EIOPA.
This seminar will focus on Pillar 2 topics of Solvency II that relate particularly to the role and tasks of the actuarial function within a system of governance. It will start by providing an overview on governance aspects, which are important to understand the role of the actuarial function. The second day will focus on the tasks of the actuarial function, e.g. the report of the actuarial function as well as possible conflicts of the actuarial function.
All sessions will be a combination of lectures and interactive discussions.
The seminar is open to all interested persons, such as actuaries, risk and capital managers, controllers, supervisors and auditors from all types of insurance companies. Participants should have basic understanding of Solvency II. It should be noted that this seminar will be helpful for professionals working in life, health as well as in non-life insurance business.
During this seminar, you will not need a laptop.
Purpose and Nature
The aim of this seminar is to provide participants with an overview on several governance aspects which are useful for the daily business in particular for those who are intended to take the role of the actuarial function for a company. The tasks of the actuarial function and an example structure of the report of the actuarial function will be described in detail.
Examples how to solve possible conflicts of interests will be given in situations where the tasks of the actuarial function are combined with other actuarial daily business. After this seminar, participants should be able to have a clear understanding of the future challenges related to the work of the actuarial function as one core element of the companies system of governance.
Dr Dieter KöhnleinDieter Köhnlein, Senior Actuarial Consultant at RBS RoeverBroennerSusat and Managing Director of Solvency Fabrik, Germany. He advises insurance and reinsurance companies in Solvency II implementation within all three pillars. Prior to his consulting work, Dieter has been heading an actuarial department of a primary insurance company. He has been involved in S II related stakeholder consultation procedures for more than ten years now as part of his work for the actuarial profession. Dieter is member of the board of Deutsche Aktuarvereinigung, member of the Insurance Regulation Committee of the IAA and of the Freedoms, Standards and Professionalism Committee of the AAE.
Dr Nader RazoukNader Razouk, project manager at Allianz Deutschland AG. In his role he works on the implementation of Solvency II requirements in the actuarial department of non-life, life and health insurers. Prior to his current position Nader Razouk was a Manager at Ernst & Young in the actuarial service practice. The majority of his projects were in the area of Solvency II in particular around Pillar 1 (Standard - and Internal Models), Pillar 2 (e.g. Actuarial Function and ORSA implementation) and in particular the IMAP implementation. He supported a major international insurance group in its implementation of the Actuarial Function and Internal Model Approval Process (IMAP). Since 2010, Nader regularly lectures on seminars of the German and European Actuarial Academy (DAA / EAA).
Dr Ulrich StellmannUlrich Stellmann, manager at ERGO Insurance AG, Germany. In his role he works on actuarial governance within the group and on the implementation of Solvency II requirements regarding the actuarial function (life, health and non-life) in the integrated risk management department. Prior to his current position Ulrich Stellmann worked in several fields of risk management and actuarial practice, e.g. appointed actuary positions in health insurance or product development in life insurance. In addition to some engagement in the German association of actuaries (DAV), Ulrich Stellmann is a vice chair of the IAA health committee and a member of the IAA health section.
Venue & Accommodation
The seminar will take place at the
Hotel Mercure Wien Westbahnhof Felberstraße 4 1150 Vienna, AustriaHotel website
We arranged special prices for accommodation. The special price is 99 € per night, including breakfast. It is valid for bookings by 24 May 2015 out of our allotment “EAA Seminar”. Please book your accommodation directly with the hotel using this booking form. Kindly book early, as our allotment includes a limited number of rooms, and note the hotel's cancellation policy.
Partner of the Seminar