4/5 Jun 2020 in Cologne
Capital Generation and Latest Solvency II Developments
With the introduction of Solvency II (SII) in 2016, the solvency ratio has become an important metric for the performance and position of insurance companies in Europe.
Although Solvency II reporting is primarily aimed at prudential reporting to the regulator, the importance of Solvency II reporting and Capital Generation in particular is eminent for all stakeholders and investors in particular. Rather than being a regulatory framework only, Solvency II has evolved as a new framework for reporting on the value of insurance companies.
Historical IFRS or EEV/MCEV related concepts are losing importance in investor communication. Under Solvency II, “Free Capital” is the amount of available own funds in excess of the regulatory required capital (or the capital expected by the market). Capital Generation or Free Capital (FCG) is the amount of Free Capital that is generated by an insurance company. The higher the FCG, the higher the potential dividends, and the higher the opportunities to invest. This makes FCG is a highly relevant framework for investors and other stakeholders.
The seminar provides an overview on the current practices adopted by insurance companies to improve their free capital generation. In addition, we will highlight all kinds of recent developments in the area of Solvency II such as the implications of the EIOPA 2020 review.
Organised by the EAA - European Actuarial Academy GmbH.
Purpose and Nature
Tom VeermanTom Veerman AAG RBA, Consulting Actuary, AAA Riskfinance, the Netherlands, Education: Qualified Actuary in the Netherlands (AAG) and a Certified European Financial Analyst (CEFA). Tom has worked as a consultant for Tillinghast – Towers Perrin and Mercer in the Netherlands. He also has worked in the Group Actuarial Department of Eureko/Achmea. In 2006, Tom decided to set up (together with partners) Triple A – Risk Finance, where he works as managing consultant for business line insurance with a main focus on topics with regard to Capital Management, Asset-Liability management and Reinsurance.
Theo LanserEducation: Qualified Actuary in the Netherlands (AAG) and a certified FRM. Before 2002 Theo had worked as a life and non-life actuary for Achmea. Theo worked from 2002 till 2006 as an actuarial expert for DNB on the supervision of insurance companies. In those years he also worked on the development of the Financial Assessment Framework (FTK), which for pension funds has become part of the Pension Act (January 2007). Since November 2006 Theo is working for Aegon. Within Aegon, Theo has been involved in many roles varying from actuarial function holder of the Dutch business to implementation of an Economic Framework to realize Market Value of Liabilities and Economic Required Capital. Currently, as Head of the Solvency II analysis team Theo is responsible for Solvency II reporting and free capital generation reporting throughout Aegon Group.
Venue & Accommodation
The seminar will take place at the
Mercure Hotel Severinshof Koeln CitySeverinstraße 199 50676 Cologne, GermanyPhone: +49 221 2013 555E-mail: H1206firstname.lastname@example.orgHotel website
We have arranged special prices for accommodation. A single room costs € 106.00 per night, including breakfast and VAT, excluding tax for the promotion and advancement of culture in the City of Cologne (further information). This price is valid for bookings out of our allotment ''EAA'' until 19 May 2020. Please book your accommodation directly with the hotel. Kindly book early, as our allotment includes a limited number of rooms, and note the hotel’s cancellation policy.