Skip to main content
Solvency II; A Comprehensive Framework for Risk Management and Regulatory Compliance

Solvency II; A Comprehensive Framework for Risk Management and Regulatory Compliance

$199.00
When you get access:
Course access is prepared after purchase and delivered via email
How you learn:
Self-paced • Lifetime updates
Your guarantee:
30-day money-back guarantee — no questions asked
Who trusts this:
Trusted by professionals in 160+ countries
Toolkit Included:
Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
Adding to cart… The item has been added

Solvency II: A Comprehensive Framework for Risk Management and Regulatory Compliance



Course Overview

This comprehensive course provides an in-depth understanding of Solvency II, a regulatory framework that sets out the capital requirements for insurance companies in the European Union. Participants will gain a thorough knowledge of the framework's three pillars: Pillar 1 (capital requirements), Pillar 2 (governance and risk management), and Pillar 3 (disclosure requirements). This course is designed to help insurance professionals, risk managers, and regulatory compliance officers understand the complexities of Solvency II and its implications for their organizations.



Course Objectives

  • Understand the principles and requirements of Solvency II
  • Learn how to implement Solvency II in an insurance company
  • Understand the roles and responsibilities of key stakeholders, including the risk management function, actuarial function, and board of directors
  • Gain practical knowledge of Solvency II's three pillars: capital requirements, governance and risk management, and disclosure requirements
  • Understand the importance of regulatory compliance and the consequences of non-compliance


Course Outline

Module 1: Introduction to Solvency II

  • Overview of Solvency II
  • History and development of Solvency II
  • Key principles and requirements of Solvency II
  • Scope and applicability of Solvency II

Module 2: Pillar 1 - Capital Requirements

  • Overview of Pillar 1
  • Minimum Capital Requirement (MCR)
  • Solvency Capital Requirement (SCR)
  • Own Funds
  • Investment rules and restrictions

Module 3: Pillar 2 - Governance and Risk Management

  • Overview of Pillar 2
  • System of governance
  • Risk management framework
  • Actuarial function
  • Internal audit and control

Module 4: Pillar 3 - Disclosure Requirements

  • Overview of Pillar 3
  • Solvency and Financial Condition Report (SFCR)
  • Regular Supervisory Report (RSR)
  • Public disclosure requirements
  • Reporting and disclosure templates

Module 5: Regulatory Compliance and Enforcement

  • Overview of regulatory compliance
  • Consequences of non-compliance
  • Enforcement actions and penalties
  • Regulatory reporting and disclosure
  • Best practices for regulatory compliance

Module 6: Risk Management and Internal Controls

  • Overview of risk management
  • Risk management framework
  • Internal controls and audit
  • Risk assessment and monitoring
  • Risk mitigation and management

Module 7: Actuarial Function and Technical Provisions

  • Overview of the actuarial function
  • Technical provisions and reserves
  • Actuarial methods and assumptions
  • Actuarial reporting and disclosure
  • Best practices for actuarial function

Module 8: Investment and Asset Management

  • Overview of investment and asset management
  • Investment rules and restrictions
  • Asset management and risk management
  • Investment reporting and disclosure
  • Best practices for investment and asset management

Module 9: Group Supervision and Insurance Groups

  • Overview of group supervision
  • Insurance groups and conglomerates
  • Group capital requirements and solvency
  • Group governance and risk management
  • Group reporting and disclosure

Module 10: Solvency II Implementation and Challenges

  • Overview of Solvency II implementation
  • Challenges and complexities of Solvency II
  • Best practices for Solvency II implementation
  • Future developments and updates
  • Conclusion and final thoughts


Certificate of Completion

Upon completion of this course, participants will receive a certificate issued by The Art of Service, demonstrating their knowledge and understanding of Solvency II and its applications in the insurance industry.



Course Features

  • Interactive and engaging course content
  • Comprehensive and up-to-date course materials
  • Personalized learning experience
  • Practical and real-world applications
  • High-quality content and expert instructors
  • Certification upon completion
  • Flexible learning options
  • User-friendly and mobile-accessible platform
  • Community-driven and interactive discussion forum
  • Actionable insights and hands-on projects
  • Bite-sized lessons and lifetime access
  • Gamification and progress tracking
,
!