Compliance with Solvency II Regulations: Advanced Risk-Based Capital and Governance Training Course

Introduction

Solvency II has transformed the way insurance and reinsurance companies across Europe and beyond manage capital adequacy, governance, and risk. As a comprehensive regulatory framework, it emphasizes risk-based capital requirements, enterprise risk management, and transparency to ensure policyholder protection and market stability. Compliance with Solvency II is not only a legal obligation but also a strategic tool for strengthening financial resilience and improving operational performance.

This 10-day training course provides participants with in-depth insights into the three pillars of Solvency II, exploring quantitative capital requirements, risk management frameworks, and disclosure obligations. It equips professionals with practical approaches to implement effective compliance strategies while aligning regulatory demands with business objectives. Through case studies, hands-on exercises, and expert-led discussions, attendees will gain the skills needed to navigate Solvency II’s complexities and achieve long-term regulatory success.

Duration: 10 Days

Target Audience

  • Insurance and reinsurance executives
  • Risk and compliance managers
  • Finance and actuarial professionals
  • Regulatory reporting officers
  • Internal auditors and governance specialists
  • Legal and corporate affairs managers

Course Objectives

  1. Understand the structure and objectives of Solvency II regulations
  2. Analyze the three pillars of Solvency II and their implications
  3. Apply methodologies for calculating solvency capital requirements
  4. Strengthen governance, risk management, and internal control systems
  5. Align compliance strategies with corporate objectives
  6. Implement effective reporting and disclosure frameworks
  7. Leverage Solvency II for risk-based decision-making
  8. Address challenges in group supervision and cross-border compliance
  9. Learn from case studies on regulatory best practices
  10. Build sustainable strategies for long-term Solvency II compliance

Course Modules

  1. Introduction to Solvency II Framework
  • History and evolution of Solvency II
  • Objectives and scope of the regulation
  • Key principles and stakeholders
  • Benefits of compliance for insurers
  • Comparison with other regulatory regimes
  1. Overview of the Three Pillars of Solvency II
  • Quantitative requirements under Pillar I
  • Governance and risk management under Pillar II
  • Reporting and disclosure under Pillar III
  • Interconnectedness of the three pillars
  • Strategic importance for insurance firms
  1. Quantitative Capital Requirements (Pillar I)
  • Solvency Capital Requirement (SCR) explained
  • Minimum Capital Requirement (MCR) overview
  • Standard formula vs internal models
  • Market, credit, and insurance risk components
  • Practical challenges in capital calculation
  1. Internal Models and Risk Measurement
  • Role of internal models in Solvency II
  • Building and validating internal models
  • Supervisory approval process
  • Model risk and governance considerations
  • Best practices in implementation
  1. Pillar II: Governance and Risk Management Systems
  • Risk governance structures
  • Role of boards and senior management
  • Embedding risk culture in insurance firms
  • Own Risk and Solvency Assessment (ORSA)
  • Supervisory review and evaluation process
  1. ORSA in Practice
  • Purpose and scope of ORSA
  • Linking ORSA to business strategy
  • Steps in conducting ORSA
  • Documentation and reporting requirements
  • Challenges in ORSA implementation
  1. Pillar III: Supervisory Reporting and Public Disclosure
  • Quantitative reporting templates (QRTs)
  • Narrative reporting requirements
  • Public disclosures and transparency
  • Interaction with external stakeholders
  • Practical challenges in regulatory reporting
  1. Solvency II and Enterprise Risk Management
  • Integrating Solvency II into ERM frameworks
  • Risk appetite and tolerance setting
  • Stress testing and scenario analysis
  • Linking capital to strategic decision-making
  • Case studies in risk-based management
  1. Investment and Asset-Liability Management under Solvency II
  • Prudent person principle
  • Risk-based investment strategies
  • Asset-liability management considerations
  • Market risk under Solvency II framework
  • Impact on insurer investment policies
  1. Group Supervision and Cross-Border Compliance
  • Rules for insurance groups and holding companies
  • Supervisory colleges and cooperation
  • Intra-group transactions and risk management
  • Third-country equivalence provisions
  • Challenges in multinational compliance
  1. Solvency II Reporting Systems and Technology
  • IT systems for regulatory reporting
  • Data quality and governance frameworks
  • Automating compliance processes
  • Digital transformation and Solvency II
  • Future of RegTech in insurance
  1. Audit and Assurance in Solvency II
  • Role of internal audit in compliance
  • External audit and regulatory expectations
  • Assurance over models and reporting
  • Independent validation of ORSA processes
  • Strengthening assurance frameworks
  1. Challenges and Lessons from Implementation
  • Common issues faced by insurers
  • Cost and resource implications
  • Balancing compliance with profitability
  • Lessons from regulators’ perspectives
  • Practical solutions for overcoming challenges
  1. Global Perspectives on Solvency II
  • Influence of Solvency II beyond Europe
  • Comparisons with RBC and other frameworks
  • Global regulatory convergence trends
  • Cross-border supervision experiences
  • Opportunities in international best practices

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport Pick Up is provided by the institute. Accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

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