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The ORSA Process, Lessons Learned? – A Case Study for the Standard Formula
Mai 23-24, 2019 All Day
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. Since Solvency II is in place for a longer period now, the new risk based regulations 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”. This seminar is an 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. A good understanding of the standard formula approach and the basics of ORSA are required. The seminar will start with a short summary to the basics of ORSA and continue with the case study. The seminar will also include usual comments made by regulatory authorities on ORSA.