Solvency II - Advanced
Solvency II is the EU regulatory prudential framework for (re)insurance companies which aims at leveling the playing field of the insurance market in terms of capital requirements, governance and policyholder protection.
Solvency II balance sheets are not yet subject to mandatory external audit in Luxembourg, but this is expected to change.
EIOPA has submitted technical standards and revised guidelines to the European Commission to support the implementation of the reviewed Solvency II Directive. These include enhanced supervisory cooperation, auditability of SFCR disclosures, and external audit requirements for the Solvency II balance sheet. The revised directive, published in January 2025, gives member states until January 2027 to transpose the new rules into national law.
In order to complement your learning journey, please discover our Insurance curriculum.
Duration: 1h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Course content can be customised on demand under specific conditions.
Objectives
By the end of this advanced course, participants will be able to understand the key updates of the regulatory framework and the EU agenda. It will be coveres as well the expected audit under Solvency II programme and our experience of assisting insurers with proactive assurance.
Content
- Solvency II review goals
- Solvency II Update 2021
- EIOPA on the use of risk mitigation techniques by insurance and reinsurance undertakings
- Solvency II auditability expectations and process
Target audience
- Actuaries
- C-Level
Our lead experts
Pavel is an IFoA qualified actuary (in the UK) and a member of ILAC (actuarial association in Luxembourg) with more than 20 years of professional experience at PwC offices across Europe and Asia, currently leading the actuarial practice at PwC Luxembourg. Pavel specialises in actuarial consulting services for financial services companies - financial reporting, Solvency II, pricing, embedded value, business planning, etc.
Timothée is a qualified French actuary and a member of ILAC (actuarial association in Luxembourg) with more than 10 years of professional experience specialising in valuation, financial reporting, risk pricing, data management.
