Solvency II - Recent Developments

Please note that this event will now be held on Friday 22 May 2009

In order to harmonise and strengthen the European supervisory framework, the European Commission has issued a Framework Directive Proposal for a modern risk-based supervisory framework for the supervision of European (re)insurance companies: Solvency II.

The Breakfast meeting will review some of the most important features of Solvency II, i.e. (i) its risk-based character: capital requirements are related to the risk profile of an insurance entity, (ii) the focus on insurance groups, (iii) the market consistent valuation for both assets and liabilities, and (iv) the use of internal modelling for the calculation of capital requirements. Finally, it will also discuss the principle of proportionality and how small and medium undertakings may benefit from it.

Programme

8.00am – 8.15am    Registration

8.15am – 8.20am    Welcome and Introduction

Frederic Gielen, Director, avantage Capita Limited

8.20am – 8.40am    Solvency II: Regulatory Developments

Karel Van Hulle, Head of Unit, Insurance and Pensions, European Commission - DG MARKT

8.40am – 9.00.am    Implementation and impact of the EU Solvency II regime with respect to the Lloyd’s market

Paul Appleton, Senior Manager, Accounting Policy Market Finance Department, Lloyd’s

9.00am – 9.15am   The Impact  of Solvency II on insurance industry risk and capital practices

Barry Smith, Managing Consultant, avantage Capita Limited

9.15am – 9.30am    Question and Answer Panel

Paul Appleton, Karel Van Hulle, Barry Smith

Download a copy of the programme and registration form here or register online here.

For further information please contact Event Admin.