2^nd Annual
Solvency II Summit

From Pillar 2 to Pillar 3

The use test - the toughest part of the IMAP

Internal model application process in Europe: update and challenges

• Progress to date
• Working with your supervisor and with the supervisory colleges
• Dealing with policy uncertainty
• Scope of application, model extent and scope of model review
• Validation and on-going appropriateness of models
• Embedding external models in your modelling framework
• Questions & Answers

Model risk within Solvency II

Own Risk Solvency Assessment (ORSA)

WORKSHOP Evaluating risk

• Risk appetite
• Risk identification and assessment
• Risk measurement
• Risk reporting
• Governance structure

Solvency II - A Moving Target

Internal audit before and after Solvency II

Solvency II and the regulators

• Maintaining buy-in and confidence on the uncertain market
• Providing the right sources and education for insurers
• Interaction between EU regulators and local regulatory bodies
• Questions & Answers

Solvency II and the insurers

• Integration of Solvency II into day-to-day business
• Facing the continuous challenge
• Introducing risk management into daily business as a way of gaining competitive advantage
• Questions & Answers

Focused round-table discussions

Internal Audit and Internal Model Approval Process

CASE STUDY Disaster scenarios

Sovereign credit and default risk

Solvency II and the global market

• Impact of Solvency II on international insurance groups
• IAIS‘s ComFrame and Solvency II
• Future adoption by non-EU jurisdictions of a regime like Solvency II
• Equivalence between Solvency II and the NAIC‘s regulations
• Questions & Answers

How Solvency II impacts mutuals and composite companies

• Challenges for Mutuals implementing SII
• With Profits a particular challenge
• Does SII give mutuals a particular advantage?
• How do life and general insurance portfolios behave under SII?
• Benefits of writing both lines
• Challenges it gives
• Questions & Answers

Governance and the Board in the Solvency II world