In cooperation with the Schweizerische Aktuarvereinigung, the EAA is offering the seminar “How to Set Up an Effective ORSA Process? – A Case Study for the Standard Formula” on 8/9 October 2015 in Zurich, Switzerland, again.
Capital and Risk management has always been a key activity for both Life/Health and Property & Casualty (i.e. Non-Life) Insurance companies and Groups. The new risk based regulations under Solvency II lead to new and more formal challenges in this area: This includes a much more formal risk management approach and the need for conducting an “Own Risk & Solvency Assessment” or the so called FLAOR. This seminar is a more advanced seminar and is set up as a case study for companies who plan to fulfil the Solvency II Pillar 2 requirements with a standard formula.
Based on a practical example, participants of this seminar/case study will learn how to solve key issues related to the ORSA and Enterprise Risk Management using a standard formula approach. Key focus will be given on how to assess the suitability of the standard formula and how to arrive to an overall solvency need (using combined quantitative and qualitative methods). How this overall solvency need can be used for setting up the risk strategy, defining risk appetite and limits and how the link to the business and strategy planning process can be practically achieved are other key questions to be solved in this course.
Register now and benefit from our attractive early-bird rate, which is € 790.00 plus 8% VAT until 8 August 2015! After this date, the fee will be € 970.00 plus 8% VAT.