Description

This Webinar will provide an introductory level overview of Solvency II, with a focus on the changes in the way that actuaries calculate the unpaid loss reserve and other technical provisions.

1. General Introduction
   
   1. The Facts
      
      1. Need for Solvency II (harmonization, protection)
         
      2. Pillar 1: Simplifications, Standard Formula, USP, Partial IM, Full IM
         
      3. Pillar 2: including the ORSA and the actuarial function
         
      4. Pillar 3: TBD
         
      5. Groups, including equivalence
         
   2. More Facts
      
      1. European Union and how it works in regards to Solvency II - consultations, 3 Levels
         
      2. Expected Timing
         
      3. Current State of Affairs (and issues of potential delay)
         
   3. Conclusions
      
      1. Solvency II - interesting bits
         
      2. Why actuaries should care?
         
   4. Technical Provisions 101
      
      1. Definition
         
      2. Comparison of GAAP and Solvency II Balance Sheets
         
      3. Claims provisions
         
      4. Premium provisions
         
      5. Best estimate and Uncertainty
         
      6. Introduction to Binary Events
         
      7. Introduction to Risk Margin
         

Intended Audience


This webinar is open to CAS Members and Non-Members. The intended audiences are CAS Members and Non-Members who want to quickly get up to speed or refresh their understanding with respect to Solvency II, prior to the upcoming implementation date.