Solvency II (elearning)

Course details

Solvency II is a fundamental and wide-ranging reform of EU insurance. The aims of solvency II include: greater risk awareness in insurance companies, enhanced protection for policyholders, greater competitiveness between EU insurers, and a deeper single insurance services market across the EU. Like the Basel III Capital Accord, Solvency II is based on a three pillars approach. Pillar I covers regulatory capital requirements, Pillar II deals with governance and supervision, while Pillar III outlines standards for disclosure and transparency. The new regime also establishes the European System of Financial Supervision (ESFS), a two-tier framework of micro- and macro-level surveillance for financial supervision.

Learning Outcomes

• On completion of this tutorial, you will be able to:
• provide a broad overview of the Solvency II regime
• Detail the different requirements of the regime’s three ‘pillars’

Who should attend

This course is relevant to any one working in the Insurance/Reinsurance industry in Ireland.

Course Content

• This tutorial looks at background to Solvency II and examines the key requirements of the new regime’s three ‘pillars’ in depth.
• This tutorial was approved by the Insurance Institute of Ireland in 2012 for CPD