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GEN3068 Mastering Solvency II for Senior Insurance Risk Practitioners

$199.00
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A tailored course, built for your situation

Mastering Solvency II for Senior Insurance Risk Practitioners

A structured path to command over capital adequacy and compliance frameworks shaping AIG-level operations

$199 one-time
24-hour access provisioning 30-day money-back guarantee Hand-built implementation playbook
12 modules. 12 chapters per module. 144 chapters total.
12 modules, each with 12 chapters (144 chapters total), text-based, plus downloadable templates and a hand-built implementation playbook delivered alongside course access.
Staying ahead of evolving capital adequacy expectations in a post-crisis regulatory world

The situation this course is for

Many risk professionals still treat Solvency II as a compliance silo. But in firms like AIG, the framework is now central to capital strategy, stress testing, and executive decision-making. Without deep operational command, practitioners are sidelined when capital calls are made.

Who this is for

Senior risk, capital modeling, or compliance practitioner at a global insurer, responsible for Solvency II reporting or capital adequacy oversight

Who this is not for

Entry-level analysts, auditors focused only on checklists, or professionals outside insurance and prudential regulation

What you walk away with

  • Confidence in constructing and defending Solvency II capital models
  • Clear interpretation of Pillar 1, 2, and 3 requirements in real-world contexts
  • Ability to translate technical capital results into strategic narratives
  • Faster, more accurate responses to internal review and regulator follow-ups
  • Structured command over the full Solvency II lifecycle , from data inputs to disclosure logic

The 12 modules (with all 144 chapters)

Module 1. Foundations of Solvency II and the Three Pillars Framework
Establish a precise understanding of Solvency II’s legislative intent, its relationship to other prudential regimes, and the functional separation between Pillar 1 (quantitative), Pillar 2 (governance), and Pillar 3 (transparency).
12 chapters in this module
  1. Origins of Solvency II in post-the current cycle financial reform
  2. How the European Insurance and Occupational Pensions Authority (EIOPA) shapes implementation
  3. The role of national competent authorities in supervision
  4. Key differences between Solvency I and Solvency II frameworks
  5. Understanding the scope of application and group-level reporting
  6. Overview of the Quantitative Reporting Templates (QRTs)
  7. Introduction to the Solvency Capital Requirement (SCR)
  8. Minimum Capital Requirement (MCR) thresholds and breach consequences
  9. Pillar 2’s role in risk governance and ORSA integration
  10. Pillar 3 disclosure expectations across EU jurisdictions
  11. How Solvency II interacts with US insurance capital models
  12. Practitioner pitfalls in early-stage implementation
Module 2. Pillar 1: Quantitative Requirements and Risk Modules
Dive into the technical structure of the Solvency Capital Requirement, including the standard formula, diversification benefits, and risk module interactions.
12 chapters in this module
  1. Market risk module: asset volatility and credit spread adjustments
  2. Counterparty default risk: CVA and exposure calculations
  3. Life underwriting risk: longevity, mortality, and morbidity calibrations
  4. Non-life underwriting risk for property, liability, and catastrophe exposures
  5. Life and non-life premium and reserve risk submodules
  6. Operational risk capital charge and simplifications
  7. The matching adjustment and its impact on fixed-income portfolios
  8. Volatility adjustment and its role in capital stability
  9. Risk mitigation techniques recognized under Pillar 1
  10. Calibration of correlation assumptions across risk classes
  11. Treatment of group diversification in capital calculations
  12. Use of internal models and the equivalence assessment process
Module 3. Standard Formula Deep Dive
Break down the standard formula’s building blocks, including sub-modules, aggregation methods, and common implementation errors.
12 chapters in this module
  1. Understanding the correlation matrix embedded in the standard formula
  2. Asset concentration measures and adjustments
  3. Equity risk: subcategories and shock calibrations
  4. Interest rate risk in the liability valuation context
  5. Spread risk for high-yield and emerging market debt
  6. Currency risk and hedging treatment under the formula
  7. Real estate risk charge and valuation uncertainty
  8. Concentration risk charge for large exposures
  9. Reserve risk and risk charge calibration
  10. Premium risk for variable annuities and guarantees
  11. Operational risk calibration and simplifications
  12. Aggregation of risk modules using correlation-based methods
Module 4. Internal Models and ORSA Integration
Explore the pathway to internal model approval, validation expectations, and integration with the Own Risk and Solvency Assessment process.
12 chapters in this module
  1. Criteria for internal model recognition by supervisors
  2. Use test requirements and evidence expectations
  3. Governance of internal model development and change control
  4. Backtesting and model validation benchmarks
  5. Integration of internal models with economic scenario generators
  6. Treatment of non-diversifiable risks in proprietary models
  7. Sensitivity analysis for key model assumptions
  8. Documentation standards for internal model submissions
  9. ORSA as a strategic tool, not just a compliance exercise
  10. Scenario design for ORSA stress testing
  11. Linking ORSA outcomes to capital planning and dividend policy
  12. Supervisor expectations for ORSA frequency and update triggers
Module 5. Pillar 2: Governance and Risk Management Frameworks
Examine the governance expectations under Pillar 2, including risk appetite frameworks, internal controls, and senior management accountability.
12 chapters in this module
  1. The Role of the Board in solvency oversight
  2. Risk appetite statement design and calibration
  3. Key Function Holders and their accountability under the framework
  4. Internal Control Systems (ICS) and their link to capital planning
  5. Fit and Proper assessments for senior roles
  6. Risk and Control Self-Assessments (RCSAs) in practice
  7. Operational risk governance under Pillar 2
  8. Liquidity risk and its treatment outside Pillar 1
  9. Group-wide risk management challenges
  10. Supervisory reporting on governance effectiveness
  11. Remediation frameworks for identified weaknesses
  12. Integration of ESG factors into risk governance
Module 6. Pillar 3: Transparency and Disclosure Requirements
Navigate the disclosure templates, narrative expectations, and stakeholder communication demands under Pillar 3.
12 chapters in this module
  1. Overview of Pillar 3 public disclosure requirements
  2. Structure of the Solvency and Financial Condition Report (SFCR)
  3. Confidential reporting templates (RCSA, ORSA, etc.)
  4. Narrative writing for technical capital results
  5. Treatment of material risks in disclosures
  6. How to handle non-quantifiable risks in reporting
  7. Disclosure of internal model use and assumptions
  8. Frequency and timing of Pillar 3 reports
  9. National variations in disclosure implementation
  10. Communicating capital position to non-technical stakeholders
  11. Use of visualizations in capital reporting
  12. Avoiding common disclosure omissions in cross-border groups
Module 7. Solvency Capital Requirement (SCR) Calibration
Build technical fluency in SCR calculation methods, including standard formula adjustments, diversification benefits, and scenario testing.
12 chapters in this module
  1. Bottom-up vs top-down approaches to SCR aggregation
  2. Calibration of risk factors to 99.5% confidence levels
  3. Treatment of stress events in SCR shocks
  4. Currency translation effects in group SCR
  5. Credit spread widening scenarios and their impact
  6. Interest rate shock design for long-term liabilities
  7. Equity shock calibrations and sector diversification
  8. Life insurance longevity and mortality shock design
  9. Non-life catastrophe risk modeling under SCR
  10. Calibration of operational risk stress scenarios
  11. Treatment of diversification benefits in consolidation
  12. Sensitivities and partial recalculations for mid-cycle updates
Module 8. Data Governance and Reporting Under Solvency II
Understand the data architecture demands, lineage requirements, and validation processes critical to accurate reporting.
12 chapters in this module
  1. Data quality expectations from EIOPA and national regulators
  2. Data lineage mapping for QRT submissions
  3. Validation rules for exposure and reserve calculations
  4. Reference data standards for asset classification
  5. Treatment of currency and inflation in liability valuation
  6. Segregation of data by legal entity and reporting unit
  7. Automation of data pipelines for QRTs
  8. Documentation of data assumptions and overrides
  9. Audit readiness for data inputs and transformations
  10. Handling of missing or incomplete data points
  11. Reconciliation between actuarial and financial systems
  12. Data governance roles and responsibilities in large groups
Module 9. Supervisory Review and Reporting Processes
Prepare for interactions with supervisors, including on-site visits, ad hoc requests, and thematic reviews.
12 chapters in this module
  1. Structure of supervisory colleges for cross-border groups
  2. Common areas of supervisory focus in Solvency II reviews
  3. Preparing for on-site inspections and document requests
  4. Responding to Supervisory Principles (SFCR follow-ups)
  5. Handling of internal model validation queries
  6. Preparing for stress test participation
  7. Documentation standards for supervisory submissions
  8. Use of internal audit findings in regulator engagement
  9. Escalation processes for unresolved issues
  10. Regulator expectations for governance remediation
  11. Best practices for pre-emptive supervisory communication
  12. Lessons from public enforcement actions in the EU
Module 10. Cross-Border and Group-Level Challenges
Address the complexities of applying Solvency II in global insurance groups with multiple legal entities and jurisdictions.
12 chapters in this module
  1. Subsidiary vs branch treatment under Solvency II
  2. Group-wide solvency calculations and consolidation
  3. Treatment of reinsurance in group capital models
  4. Regulatory arbitrage risks in multi-jurisdictional operations
  5. Local capital requirements vs group solvency position
  6. Currency translation effects on capital adequacy
  7. Time zone and language challenges in reporting
  8. Coordination between head office and local entities
  9. Supervisory college decision-making dynamics
  10. Use of group-wide risk dashboards
  11. Harmonization of ORSA processes across regions
  12. Managing conflicting regulatory expectations
Module 11. Future Developments and Refinements to Solvency II
Stay ahead of upcoming changes, including Solvency II review cycles, climate risk integration, and digital transformation impacts.
12 chapters in this module
  1. Ongoing EIOPA review of the standard formula
  2. Climate risk and its treatment in capital models
  3. Cyber risk capital charge development
  4. Digitalization of reporting and supervisor access
  5. Potential harmonization with US capital standards
  6. Treatment of intangible assets in capital frameworks
  7. Machine learning applications in risk modeling
  8. Supervisor expectations for model explainability
  9. Enhanced disclosures for ESG and sustainability
  10. Impact of low interest rate environments on capital
  11. Future of the matching adjustment and volatility adjustment
  12. Long-term strategic planning under evolving requirements
Module 12. Implementation Playbook: From Framework to Execution
Apply all prior modules to build a living implementation plan tailored to AIG-scale operations.
12 chapters in this module
  1. Setting up a Solvency II center of excellence
  2. RACI matrix for capital reporting responsibilities
  3. Designing a capital dashboard for senior leadership
  4. Integrating Solvency II into quarterly reporting cycles
  5. Building internal training for non-specialists
  6. Version control for model documentation
  7. Creating a playbook for regulator follow-up queries
  8. Scenario testing calendar and execution plan
  9. Mapping technical changes to governance updates
  10. Continuous improvement of data pipelines
  11. Benchmarking against peer institutions
  12. Handover protocols for model stewardship

How this maps to your situation

  • Current role at AIG involves oversight of risk or capital frameworks
  • Solvency II is central to EU-level reporting and capital planning
  • AIG’s global footprint demands group-level solvency clarity
  • Increasing regulator focus on model quality and governance

Before vs. after

Before
Operating in a Solvency II environment with surface-level familiarity, reacting to requests and relying on team inputs.
After
Confidently shaping capital narratives, leading model reviews, and guiding strategic decisions with deep, applied command of the framework.

What's included with your purchase

  • 12 modules with 12 chapters each (144 chapters)
  • Downloadable templates and worked examples for every module
  • Hand-built implementation playbook delivered alongside course access
  • 30-day money-back guarantee

Delivery and format

  • Course and learning environment access provisioned within 24 hours of purchase
  • Hand-built implementation playbook delivered alongside course access

Format: Text-based modules and chapters in the Art of Service learning environment, plus downloadable templates and worked examples for every chapter, plus the hand-built implementation playbook delivered alongside access.

Time investment: Approximately 90 minutes per week over 8 weeks to complete all modules and apply templates.

If nothing changes
Without structured command of Solvency II, even senior practitioners risk being sidelined when capital decisions are made , especially as regulatory scrutiny and internal expectations rise.

How this compares to the alternatives

Unlike generic compliance overviews or university modules, this course is built for practitioners already in the room , focused on decision-grade clarity, not theoretical knowledge.

Frequently asked

How is the course structured?
12 modules, each containing 12 chapters (144 chapters total).
Is this relevant if I’m outside the EU?
Yes , global insurers like AIG are structured around Solvency II standards, and capital models are increasingly benchmarked to it.
Will this help with internal models?
Yes , modules cover both standard formula and internal model pathways, including validation and ORSA integration.
$199 one-time. Approximately 90 minutes per week over 8 weeks to complete all modules and apply templates..

Within 24 hours your account in the learning environment is provisioned and the tailored implementation playbook is delivered alongside it.

30-day money-back guarantee· 144 chapters· Hand-built playbook included· Account access within 24 hours
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