Description

Mastering Solvency II Regulatory Compliance and Risk Management

You're not just managing capital and risk reports. You’re carrying accountability for your firm’s financial integrity, regulatory standing, and board-level confidence. One miscalculation, one oversight in your Solvency Capital Requirement, one gap in your ORSA documentation - and the consequences could be existential.

Right now, regulatory expectations are shifting faster than implementation teams can adapt. The EBA and EIOPA keep refining guidelines. Internal models require constant recalibration. And if you're relying on outdated templates or fragmented processes, you're operating under constant pressure - and increasing personal professional risk.

But what if you had a complete, battle-tested system? A single authoritative source that gives you full command over Pillar I, II, and III requirements - not just understanding, but the ability to execute with precision, defend decisions, and lead confidently?

Mastering Solvency II Regulatory Compliance and Risk Management is that system. This is not theory. It’s a step-by-step framework used by actuaries, risk officers, and compliance leads at top-tier insurers to deliver audit-ready submissions 40% faster - with zero regulatory findings.

Take Marta Kolinski, Chief Risk Officer at a pan-European life insurer. After completing this course, she overhauled her firm’s entire SII reporting pack in under six weeks. The outcome? Her team passed a full EIOPA peer review with no material observations - the first time in the company's history. “This course didn’t just teach compliance,” she wrote, “it gave us control.”

The difference between stress and strategic clarity isn’t more hours. It’s better methodology. Here’s how this course is structured to help you get there.

Course Format & Delivery: Precision, Access, and Zero Risk

Self-paced. On-demand. Built for real professionals with real deadlines.

This isn’t a classroom experience. This is a high-performance compliance toolkit designed for immediate application. From the moment your access is provisioned, you can begin working through the material at your own pace, on any device, from any location in the world.

What You Get

Immediate online access - begin as soon as your enrollment is processed
Full lifetime access - revisit modules, templates, and frameworks whenever needed, for as long as you need
Ongoing future updates - all revisions to regulatory content, templates, and calculations are included at no additional cost
24/7 global availability - study during commutes, late nights, or between board meetings - your timeline, your control
Mobile-friendly design - access every resource from your smartphone, tablet, or laptop with full functionality
Typical completion in 8–12 weeks - but many professionals apply core Pillar II and ORSA modules to live projects in under 10 days

You’re not alone. You receive direct, written guidance from our lead instructor - a former Senior Actuarial Supervisor at a G-SII insurer with over two decades of Solvency II implementation experience. Your questions are reviewed personally, with actionable feedback delivered within 48 business hours.

Upon successful completion, you will earn a formal Certificate of Completion issued by The Art of Service - a globally recognised credential trusted by insurers, regulators, and audit firms across 47 countries. This is not a participation badge. It’s proof you’ve mastered the full scope of Solvency II with technical rigour and practical precision.

Pricing, Payments, and Risk Elimination

Pricing is clear, straightforward, and inclusive. There are no hidden fees, no subscription traps, and no surprise charges down the line. What you see is the full package - curriculum, templates, support, and certification - all for one price.

We accept all major payment methods, including Visa, Mastercard, and PayPal, with secure transaction processing and international currency support.

If, after engaging with the content, you find it doesn’t meet your expectations, you are covered by our 100% money-back guarantee. If you’re not satisfied for any reason, simply request a refund - no forms, no hoops, no questions. Your investment is risk-free.

Addressing Your Biggest Concern: “Will This Work for Me?”

Whether you’re a junior actuarial analyst, a senior risk manager, or a compliance director overseeing multiple entities, this course is engineered for cross-functional relevance. Our case-based structure ensures every concept ties directly to real-world problems: calculating market risk SCR under stressed scenarios, designing proportionate internal models, or preparing Pillar III disclosures that pass external audit scrutiny.

This works even if you’ve struggled with complex delegated regulations before. Even if your firm uses a mix of internal and standard formula approaches. Even if you’re transitioning from Solvency I or another risk framework entirely. The modular design lets you focus exactly where you need it most - from foundational calculations to advanced risk mitigation strategies.

After enrollment, you'll receive a confirmation email. Your access details will be sent separately once your course materials are fully configured - ensuring all templates, spreadsheets, and documentation are verified and ready for immediate use.

You’re not buying content. You’re investing in certifiable competence, sustained compliance, and career acceleration - with zero downside.

Module 1: Foundations of Solvency II – Structure, Objectives, and Strategic Impact

Understanding the three-pillar structure of Solvency II
Evolution from Solvency I to Solvency II and the driver of change
Core objectives: policyholder protection, market consistency, and standardisation
Role of the European Insurance and Occupational Pensions Authority (EIOPA)
Overview of the Solvency II Directive (2009/138/EC) and Level 1 regulation
Delegated and Implementing Regulations: structure, purpose, and enforcement
Differences between QIS 4, QIS 5 and the final Solvency II framework
Legal entities covered under Solvency II: insurers, reinsurers, groups
Application of equivalence decisions for third-country insurers
Strategic implications for business model design under capital constraints
Integration of capital, risk, and profitability decisions in executive strategy
Aligning Solvency II compliance with enterprise risk management (ERM)
The role of the Board and Senior Management in SII governance
Linking capital adequacy to product pricing and portfolio decisions
Understanding the risk margin and its impact on balance sheet reporting

Module 2: Pillar I – Quantitative Requirements and Capital Modelling

Definition and purpose of the Solvency Capital Requirement (SCR)
Minimum Capital Requirement (MCR) thresholds and breach implications
Detailed breakdown of the standard formula methodology
Aggregation of risk modules: sub-modules, correlations, and diversification
Calculation of the market risk sub-module including interest rate, equity, property, spread, and currency risks
Life underwriting risk: longevity, mortality, disability, lapse, and expense risks
Non-life underwriting risk: premium, reserve, and natural catastrophe risks
Counterparty default risk and exposure to credit instruments
Operational risk calculation and its fixed-percentage approach
Use of simplifications and matching adjustments in practice
Application of volatility adjustments (VA) under stressed conditions
Understanding the transitional measures on technical provisions
Market risk SCR under stress scenarios (e.g. interest rate shocks)
Premium and reserve risk calibration using historical data and risk factors
Modelling correlation matrices between risk modules for diversification benefit
Adjustment for concentration risk in investment portfolios
Incorporating convexity and non-linearities in fixed-income portfolios
Application of the look-through approach for fund investments
Use of internal models: partial and full internal model authorisation
ICAAP vs. the standard formula: strategic decision-making criteria
Process for internal model approval by national supervisors
Validation requirements for internal models including ORSA integration
Own Risk and Solvency Assessment (ORSA) as a quantitative basis
Backtesting and model performance monitoring
Setting of risk tolerance levels and capital appetite frameworks
Integration of risk indicators and key risk metrics in capital models
Role of scenario testing in sensitivity analysis and stress testing
Reverse stress testing methodology and supervisor expectations
Technical provisions: best estimate and risk margin components
Risk margin calculation using cost-of-capital methodology
Simplifications and proportionality for smaller insurers
Group-level capital requirements and group diversified capital
Calculation of group SCR using group internal models
Transferability of capital between group entities under contractual recognition

Module 3: Pillar II – Governance, Risk Management, and Supervisory Review

Overview of the Supervisory Review and Evaluation Process (SREP)
Qualitative and quantitative aspects of SREP under Pillar II
Five key components of governance: organisation, policies, roles, procedures, documentation
Senior management responsibilities under the General Conduct of Business rule
Fit and proper requirements for key function holders (KFHs)
Appointment and oversight of Actuarial, Compliance, and Risk functions
Roles and responsibilities of the Internal Audit function under SII
Documentation standards for board-level governance oversight
Design and implementation of a proportionate risk management system
Identification, measurement, monitoring, mitigation and reporting of risks
Integrated risk limits framework including risk appetite and tolerances
Key risk indicators (KRIs) and early warning systems (EWS)
Internal control systems and segregation of duties
Outsourcing policies and regulatory compliance for third-party providers
Requirements for critical and material outsourcing arrangements
Record-keeping and retention policies for digital and physical records
Board-level oversight of risk culture and ethical conduct
Linking risk reporting to performance management and remuneration
Risk-adjusted return on capital (RAROC) and allocation methodologies
Reporting frequency and format for senior management and the Board
Structure and content of the Regular Supervisory Report (RSR)
Use of proportionality in applying governance and risk policies
Risk mitigation through reinsurance, hedging, and capital planning
Group-wide governance and risk management coordination
Design of effective escalation protocols for emerging risks

Module 4: Own Risk and Solvency Assessment (ORSA) – Strategy and Execution

Legal basis and regulatory requirements for ORSA under Article 45
Difference between prospective and retrospective ORSA
Integration of ORSA with strategic planning and business continuity
Requirements for internal and supervisory ORSA reports
Structure of the internal ORSA: narrative, quantitative outcomes, documentation
Setting ORSA scope, including risk types and time horizons
Identification of material and emerging risks unique to the insurer
Use of scenario analysis and stress testing in ORSA
Time horizons: short-term (1 year), medium-term (3–5 years)
Calculation of internal capital models aligned with business strategy
Incorporating strategic decisions (e.g. M&A, product launch) into ORSA
Assessment of capital sufficiency under different scenarios
Cash flow projection models and liquidity risk in ORSA
Use of reverse stress testing to identify systemic vulnerabilities
Documentation standards for ORSA reports and board sign-off
Frequency of ORSA updates and trigger-based reviews
Linking ORSA to dividend policy and capital distribution plans
Reporting ORSA outcomes to national competent authorities (NCAs)
Common pitfalls in ORSA implementation and how to avoid them
Evaluation of ORSA effectiveness through internal audit
Use of tools and templates for efficient ORSA reporting
Case study: ORSA implementation in a mixed portfolio insurer

Module 5: Pillar III – Public and Supervisory Disclosures

Objectives of Pillar III: transparency, market discipline, and comparability
Public disclosure requirements: Solvency and Financial Condition Report (SFCR)
Supervisory reporting: Regular Supervisory Report (RSR)
Report templates and technical specifications from EIOPA
Frequency of reporting: quarterly, half-yearly, annual
Contents of the SFCR: general information, risk profile, governance, capital
Quantitative reporting templates (QRTs): structure and categorisation
Preparing QRT A.1.1 – Legal Entity Overview
Completing QRT B.3 – Own Funds
Filling QRT B.6 – Capital Requirements (SCR and MCR)
Reporting QRT C.01.02 – Qualitative Information on Risk Management
QRT D.1.1 – Own Risk and Solvency Assessment (ORSA)
QRT D.2 – Risk Exposure and Risk Mitigation
QRT E.1.1 – Investment and Counterparty Exposure
QRT E.3.1 – Derivatives Exposure
QRT F.1 – Group Supervisory Reporting Overview
Validation of data accuracy and consistency across templates
Impact of data quality on disclosure integrity
Use of disclosure checklists and peer review processes
Handling confidential information and public interest exemptions
Role of external auditors in verifying Pillar III disclosures
Common errors in QRT submissions and correction protocols
Filing systems and data aggregation platforms for Pillar III compliance
Automation strategies for large insurers with multiple reporting units
Differences in reporting between solo and group entities
XBRL tagging requirements and technical filing standards
Timeline management for end-of-period closing and submission
Liaison with legal, actuarial, and IT departments for integrated reporting

Module 6: Risk Modelling and Actuarial Calculations

Mathematical foundations of SCR aggregation and correlation
Monte Carlo simulation in capital modelling for internal models
Calibration of risk factors and shock magnitudes
Projection of technical provisions under multiple scenarios
Stochastic modelling of mortality, longevity, and lapse rates
Use of mortality tables and cohort analysis in life insurance
Volatility assumptions in equity and property risk modules
Spread risk: credit ratings, default probabilities, recovery rates
Modelling currency risk for cross-border portfolios
Interest rate risk: yield curve shocks and shape modelling
Non-life reserve risk: Bornhuetter-Ferguson and chain-ladder methods
Premium risk: frequency and severity distribution fitting
Modelling natural catastrophe risk using exposure and event loss tables
Dependency modelling using copulas in risk aggregation
Bootstrapping techniques for uncertainty estimation
Back-testing of risk models against actual experience
Use of credibility theory in blending empirical and prior data
Measurement of model risk and uncertainty margins
Scenario selection criteria for stress testing and reverse stress testing
Integration of macroeconomic scenarios into risk projections
Liquidity risk and cash flow testing under stress
Integrating catastrophe models with capital assessment

Module 7: Operational Risk, Fraud, and Cyber Risk in SII

Definition and scope of operational risk under Solvency II
Inherent limitations of the fixed-percentage approach
Making operational risk tangible through loss data collection
KRI frameworks for early detection of operational failures
Linking internal audit findings to operational risk capital
Inclusion of fraud risk in ORSA and governance reporting
Assessing cyber risk as a material threat under operational risk
Integration of IT security assessments into risk models
Business continuity planning and risk to capital from downtime
Outsourcing IT and data hosting: concentration and single points of failure
Reporting cyber incidents via Pillar III QRTs
Use of simulated breach scenarios in stress testing
Insurance coverage for cyber risk and reliance on reinsurance
Third-party risk assessments for cloud and managed service providers

Module 8: Reinsurance, Recovery, and Group Supervision

Regulatory recognition of reinsurance in capital credits
Criteria for credit risk of cedants and counterparty eligibility
Application of the look-through principle for collateral
Recovery and resolution planning for insurers under SII
Internal and external recovery options: capital raising, asset sales, run-off
Resolution colleges and cross-border coordination
Role of the group supervisor and group support mechanisms
Sub-consolidation and recognition of mutuals and associations
Solvency II treatment of mixed financial conglomerates
Group Own Risk and Solvency Assessment (G-ORSA)
Consolidation methods for group-level capital reporting
Use of swing SCR and other aggregation techniques
Capital generation at entity vs. group level
Contractual recognition of intra-group support
Documentation requirements for group supervision

Module 9: Practical Implementation Tools, Templates, and Workflows

Complete SII checklist for yearly closing and audit preparation
Integrated capital and risk reporting calendar
Excel-based SCR calculator using standard formula templates
Automated workflows for Pillar III QRT population
Document management system for SII evidence files
Board presentation pack: capital position, risk exposures, outlook
Gap analysis tool for governance and risk framework maturity
Internal model validation checklist for supervisors
Stress scenario library with calibrated shocks and narratives
Risk register template with integrated KRIs and action plans
ORSA report builder with modular content options
Disclosure review protocol with stakeholder sign-off workflow
Change management log for regulatory updates and implementation
Consolidation hub for group reporting entities
Training materials for non-expert board members on SII
Remediation tracker for audit findings and action closure
Stakeholder communication plan for public disclosures
Integration guide for actuarial, finance, and risk systems
Automated reconciliation framework for technical provisions
Pre-submission validation dashboard for error detection

Module 10: Certification, Career Advancement, and Continuous Compliance

How to prepare for the final certification assessment
Structure of the Certificate of Completion exam
Sample questions and model answers for Pillar I, II, and III topics
Pro tips for demonstrating deep understanding in written responses
Using your Certificate of Completion in job applications and promotions
Adding this credential to LinkedIn, CVs, and professional profiles
Leveraging certification for recognition as a go-to SII expert
How to maintain compliance excellence with ongoing updates
Access to private alumni network of SII professionals
Invitations to exclusive practitioner roundtables and expert briefings
Using your mastery to lead firm-wide SII training programmes
Transitioning from compliance officer to Chief Risk Officer (CRO)
Negotiating higher compensation with proven technical mastery
Contributing to regulatory consultations with authority
Speaking at industry events with evidence-backed insight
Leading implementation of new regulatory changes confidently
Progress tracking and gamified learning completion system
Access to revision notes and summary cheat sheets
Lifetime updates to templates, checklists, and regulatory commentary
Final certification ceremony and digital badge issuance
Next steps: advancing to Solvency II specialisation or international risk standards