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Solvency II New Framework for Risk Management Organisation

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Solvency II New Framework for Risk Management Organisation

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    1. Day of Insurance - 30/05/2007 Solvency II – New Framework for Risk Management Organisation

    2. Day of Insurance - 30/05/2007 AGENDA Understanding Solvency II Setting up Integrated Risk Management Framework Leveraging on Economic Capital Becoming a a leader (conclusion)

    3. Day of Insurance - 30/05/2007 SOLVENCY II TIMELINE

    4. Day of Insurance - 30/05/2007 SOLVENCY II ARCHITECTURE

    5. Day of Insurance - 30/05/2007 INTEGRATED RISK MANAGEMENT FRAMEWORK

    6. Day of Insurance - 30/05/2007 VISION – STRATEGY – RISK POLICY (ROADMAP)

    7. Day of Insurance - 30/05/2007 EXAMPLE OF POLICIES FRAMEWORK

    8. Day of Insurance - 30/05/2007

    9. Day of Insurance - 30/05/2007 GENERIC RM ORGANISATION

    10. Day of Insurance - 30/05/2007 ECONOMIC CAPITAL & IRM

    11. Day of Insurance - 30/05/2007

    12. Day of Insurance - 30/05/2007 BEST PRACTICE MODEL RM FRAMEWORK

    13. Day of Insurance - 30/05/2007 ECONOMIC CAPITAL – CORE OF INTERNAL MODELS

    14. Day of Insurance - 30/05/2007 CALCULATION OF ECONOMIC CAPITAL

    15. Day of Insurance - 30/05/2007 RISK - RETURN FRAMEWORK

    16. Day of Insurance - 30/05/2007 VALIDATION Validation covers all internal models Validation comprises organisation & process

    17. Day of Insurance - 30/05/2007 CONCLUSION Market competitive advantage Improved cost efficiency by engaging resources and capital only once Optimization of on-going business through more adequate capital allocation Investments made now for RM re-engineering will provide a strong return in medium-term perspective Regulatory requirements driven by Solvency II Directive

    18. Day of Insurance - 30/05/2007 Back-up slides

    19. Day of Insurance - 30/05/2007 ORM Governance structure (example)

    20. Day of Insurance - 30/05/2007

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