EU/EEA Countries
Solvency II for
Board Members &
Executive Management
½ Day Training Course
Board Members &
Executive Management
½ Day Training Course
Preparing for the
Solvency II Directive
of the European Union
3 Day Training Course
Solvency II Directive
of the European Union
3 Day Training Course
Equivalence for Non-EU/EEA Countries
Solvency II Equivalence
for Board Members &
Executive Management
½ Day Training Course
for Board Members &
Executive Management
½ Day Training Course
Preparing for Equivalence
with the Solvency II
Directive of the EU
3 Day Training Course
with the Solvency II
Directive of the EU
3 Day Training Course
In-Company Training Courses - tailor made training sessions
designed to meet specific organisational objectives. More Information >>
designed to meet specific organisational objectives. More Information >>
About Us
Solvency II Training is a niche training consultancy, specialising in the provision of comprehensive Solvency II training programs.
Working closely with industry experts, we have developed a series of comprehensive and unique training courses to provide organisations and individuals with the knowledge and skills needed to understand and support compliance and equivalence with the Solvency II and Reinsurance Directives of the European Union.
In recognition of our services to the insurance and reinsurance industry, we are proud to be endorsed by many international associations, including the Solvency II Association.
We operate from our prestigious headquarters located in Canary Wharf, London.
Where Do We Train
We provide our Solvency II training programs to organisations & individuals within the European Union (EU), European Economic Area (EEA) and Non-EU/EEA Countries, including Offshore Financial Centres (OFC's).
Many Non EU/EEA Countries & OFC's have announced significant enhancements to their solvency and disclosure regulations for insurance and reinsurance, in order to achieve recognition as having equivalent regulatory standards to those in Europe's Solvency II Directive.
Our comprehensive schedule means we conduct our training on a regular basis in all of the world's major cities.
Who Do We Train
Our clients consist of leading insurance and reinsurance firms, supervisory authorities, consultancies and law firms. We also have close relationships with many of the worlds insurance associations.
We provide advice, guidance, training and on-going support to many of the world regulators and monetary authorities with the emphasis focussed on how to utilise the Solvency II Directive as an opportunity for competitive advantage.
Many companies who attend our public training courses often invite us to conduct further training sessions in the form of a tailored in-house training engagement, so other employees within their respective organisation can benefit from our wealth of knowledge and experience.
What Is Solvency II
Solvency II is the updated set of regulatory requirements for insurance and reinsurance firms that operate in the European Union.
The rationale for European Union insurance legislation is to facilitate the development of a Single Market in insurance services in Europe, whilst at the same time securing an adequate level of consumer protection. The third-generation Insurance Directives established an "EU passport" (single licence) for insurers based on the concept of minimum harmonisation and mutual recognition. Many Member States have concluded that the current EU minimum requirements are not sufficient and have implemented their own reforms, thus leading to a situation where there is a patchwork of regulatory requirements across the EU. This hampers the functioning of the Single Market.
Solvency II will be based on economic principles for the measurement of assets and liabilities. It will also be a risk-based system as risk will be measured on consistent principles and capital requirements will depend directly on this. While the Solvency I Directive was aimed at revising and updating the current EU Solvency regime, Solvency II has a much wider scope.
A solvency capital requirement may have the following purposes:
Need Solvency II Training? Acting now is critical to the success of your Solvency II compliance initiatives.
Solvency II Training is a niche training consultancy, specialising in the provision of comprehensive Solvency II training programs.
Working closely with industry experts, we have developed a series of comprehensive and unique training courses to provide organisations and individuals with the knowledge and skills needed to understand and support compliance and equivalence with the Solvency II and Reinsurance Directives of the European Union.
In recognition of our services to the insurance and reinsurance industry, we are proud to be endorsed by many international associations, including the Solvency II Association.
We operate from our prestigious headquarters located in Canary Wharf, London.
Where Do We Train
We provide our Solvency II training programs to organisations & individuals within the European Union (EU), European Economic Area (EEA) and Non-EU/EEA Countries, including Offshore Financial Centres (OFC's).
Many Non EU/EEA Countries & OFC's have announced significant enhancements to their solvency and disclosure regulations for insurance and reinsurance, in order to achieve recognition as having equivalent regulatory standards to those in Europe's Solvency II Directive.
Our comprehensive schedule means we conduct our training on a regular basis in all of the world's major cities.
Who Do We Train
Our clients consist of leading insurance and reinsurance firms, supervisory authorities, consultancies and law firms. We also have close relationships with many of the worlds insurance associations.
We provide advice, guidance, training and on-going support to many of the world regulators and monetary authorities with the emphasis focussed on how to utilise the Solvency II Directive as an opportunity for competitive advantage.
Many companies who attend our public training courses often invite us to conduct further training sessions in the form of a tailored in-house training engagement, so other employees within their respective organisation can benefit from our wealth of knowledge and experience.
What Is Solvency II
Solvency II is the updated set of regulatory requirements for insurance and reinsurance firms that operate in the European Union.
The rationale for European Union insurance legislation is to facilitate the development of a Single Market in insurance services in Europe, whilst at the same time securing an adequate level of consumer protection. The third-generation Insurance Directives established an "EU passport" (single licence) for insurers based on the concept of minimum harmonisation and mutual recognition. Many Member States have concluded that the current EU minimum requirements are not sufficient and have implemented their own reforms, thus leading to a situation where there is a patchwork of regulatory requirements across the EU. This hampers the functioning of the Single Market.
Solvency II will be based on economic principles for the measurement of assets and liabilities. It will also be a risk-based system as risk will be measured on consistent principles and capital requirements will depend directly on this. While the Solvency I Directive was aimed at revising and updating the current EU Solvency regime, Solvency II has a much wider scope.
A solvency capital requirement may have the following purposes:
- To reduce the risk that an insurer would be unable to meet claims
- To reduce the losses suffered by policyholders in the event that a firm is unable to meet all claims fully
- To provide supervisors early warning so they can intervene promptly if capital falls below the required level
- To promote confidence in the financial stability of the insurance sector
- Pillar 1 consists of the quantitative requirements
(for example, the amount of capital an insurer should hold). - Pillar 2 sets out requirements for the governance and risk management of insurers, as well as for the effective supervision of insurers.
- Pillar 3 focuses on disclosure and transparency requirements.
Need Solvency II Training? Acting now is critical to the success of your Solvency II compliance initiatives.