Brochure Request: Solvency II: Challenges and Opportunities

Solvency II will redefine the shape of insurance business, the way buyers view reinsurance and the service they demand from their capital providers. Excellence in risk management is an increasingly important focus for insurance companies. Insurers are developing more sophisticated risk management processes, primarily driven by business needs and secondly from regulatory demands, especially the move towards Solvency II. In order to predict the potential losses of these risks on the business, insurance companies must attempt to model the risk, by using sophisticated mathematical models.

Few insurers have progressed very far in the development of their risk modelling capabilities and there is a strong need to assess the modelling techniques in order to try and establish best practice in this area. This is particularly relevant across Europe, as there are different national practices in use from country to country. This difference stems from the national regulators, as each of them prescribes a particular approach to risk modelling. Ideally it would be useful to have a consistent viewpoint across Europe, but for the moment, this is some time away. However, the drive towards Solvency II is to some extent focussing industry thought on this area. Therefore, an opportunity to share how regulators view risk modelling, as well as how practitioners in the insurance industry across Europe are approaching risk modelling will prove essential and welcomed.

Key speakers:

European Commission Director, Financial Institutions
CEIOPS (Committee of Insurance and Occupational Pensions Supervisors) Secretary General
FSA (Financial Services Authority), Wholesale and Prudential Policy Division, Head of Solvency II Office
CEPS (The Centre for European Policy Studies) Head of Financial Institutions Research Program
Legal General Group Group Investment Actuary
Societe Generale Vice-President, Insurance Structuring
HBOS Head of Group Investment and Insurance Risk

Key topics:

Understand the real extent of Solvency II post its adoption by the Council and Parliament
Discuss the finer practical aspects of the directive such as risk management and transparency
Grasp the wanted and unwanted results of the change-drivers in your business and in the European (re)insurance industry
Learn from practical case studies how the market is handling the huge demands from both the bigger and smaller players
Anticipate the results of QIS4 and what to expect from the final text
Profit from unique networking opportunities with leading industry practitioners and regulators

Who should attend:

From Insurance and Reinsurance Companies

MDs, CEOs, CFOs, CROs

Together with Directors, Heads and Managers of:

Solvency II, Actuarial, Risk Management, Risk Modelling, Risk Engineering, Financial/Insurance Risks, Risk Policy and Strategy

From Insurance and Reinsurance Brokers Heads, Directors and Managers of: Risk Consulting, Risk Modelling

From Consultancies Partners, Heads and Managers of: Re/Insurance Risk Management, Insurance Solutions, Actuarial Solutions

From Software Developers Directors, Head and Managers of: Sales and Marketing, Business Development

Together with Financial Regulators

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