The objective of this training is to provide participants with an overview of Solvency II, the framework that determines the capital requirements for insurers since 2016.

During the course, the composition of the MCBS (Market Consistent Balance Sheet) is discussed as well as the capital requirement within the respective risk modules of the SCR (Solvency Capital Requirement) of Pillar 1.

This session will enable participants to analyse the quantitative reporting on Solvency II and understand the auditor's comments.

The objective of this training is, in the context of Solvency II :

• to be able to analyse the quantitative reports;
• to understand the auditor's comments.

CONTENT

• Introduction
  • Historic background
  • 3 Pillar Approach
• Market Consistent Balance Sheet (MCBS)
  • Assets
  • Technical Provisions
    • Best Estimate
      • Cash Flow Projection
      • Discount Curve
    • Risk Margin
  • Other liabilities
• Solvency Capital Requirement
  • General overview
  • Market Risk
  • Underwriting Risk (Life, Non-Life, Health)
  • Counterparty Default Risk
  • Intangible Asset Risk
  • Operational Risk SCR
  • Adjustments
• Looking forward
• Q&A

PRACTICAL INFORMATION

• Duration: 1 day of training (6 class hours)
• Hours: 09:00 to 17:00
• Location: Febelfin Academy: Phoenix building, Koning Albert II-laan/Boulevard du Roi Albert II 19, 1210 Brussels
• Language: This training will be given in English

You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).

Training materials: PowerPoint presentation 

• For those who wish to go beyond the basics
• Learn in a group, in a motivating and targeted way
• Invest together in personal development

• Be on time for the training. It’s best to arrive 10 minutes before it starts.
• Unexpected delay? Inform your on-location contact.
• Febelfin Academy’s reception desk can be reached at +32 (0)2 507 69 61.
• We recommend to review the learning material in advance and prepare your questions.

• To receive your (CPD) participation certificate for a classroom training, your presence and active participation are required throughout the entire session. Interaction is key to our trainings.
• Your (CPD) participation certificate will be published on your MyFA account the day following the course.
• Febelfin Academy wishes you a great learning experience.

The training can be taken by persons in the banking and insurance industry.