Preparing for Solvency II at Board level

One of the lessons from the current global economic situation is that Board level executives need to be capable of understanding and questioning risk management practices within their businesses. The arrival of Solvency II is bringing this clearly in to focus for senior management teams in the insurance industry.

In response, EMB has developed a professional development course that deals specifically with Solvency II and the oversight of risk by company Boards. A number of companies have already put their senior directors, executives and non-executive directors through the course which aims to:

	Raise awareness within the Board of the types of risk to which their business is exposed
	Provide an understanding of the regulatory, legislative and other drivers of risk management
	Provide a practical understanding of the Board’s role in ensuring the risks are managed effectively
	Explain how the Board can assess the performance of their business in relation to the principles of good risk management practice
	Provide an understanding of the use of a Solvency II internal model in strategic decision-making, the key principles and how to use it effectively.

Each course is run by an EMB partner or director and can be tailored to the needs of the business, including pitching it at different levels of technical understanding and experience. The course is intended to be highly interactive and caters for a range of Board and senior management profiles.

If run in its entirety, we recommend allowing 3-4 hours in total, which can be structured around a couple of sessions before or after Board meetings or as a half day.

To discuss the course content and your own senior level training requirements in more detail, contact solvency-2@emb.com .