Webinar: Risk Management in Insurance

Event Type
CPD Event
Organizer
The Salzburg Institute of Actuarial Studies
Date
Time

Wednesday, 15th: 9.00 am  – 4.30 pm 
Thursday, 16th: 9.00 am  – 4.30 pm
Friday, 17th: 9.00 am  – 4.30 pm
Saturday, 18th:  9.00 am – 12.15 pm

Venue
Online
Description

The Salzburg Institute of Actuarial Studies is pleased to be sending out information for the course on Risk Management in Insurance (Application of Solvency II and new principles in the context of value based and risk oriented management) taking place at Salzburg University from 15th to 18th April 2020.

This will now be a live broadcast featuring a COVID-19 update on market risk

The course is suited to all those who want to acquire knowledge of risk management in insurance. Due to the updates of Solvency II and the introduction of new standards, the course differs significantly from previous lectures.

For continuing professional development (CPD) the course counts as 21 hours.

Contents

Value based management has long been the key driver for innovation in the insurance business. Risk oriented management is paramount within the Solvency II framework. Focusing on these two principles the course will spend the first two days covering everything from the regulatory framework and the economic balance sheet to state-of-the-art practices and processes in risk management including risk modelling for assets and liabilities.

The following one and a half days will address challenges faced by the insurance industry today. The theoretical part covers all fundamentals of the risk function with respect to identification, measurement, controlling and reporting. A special emphasis is given to reinsurance and risk transfer as well as value based and risk oriented management. The practical sessions address various aspects of a successful and effective implementation of Solvency II and other pending standards. This covers the upcoming Solvency II reviews and the developing International Capital Standard, management challenges in implementing risk related aspects in future IFRS accounting statements as well as foreseeable requirements in the context of sustainability and IT risks.

The current COVID-19 market stress will be analysed from a risk measurement perspective.

The course covers all theoretical and practical aspects of modern value based and risk oriented management for insurance companies and pension funds required to become a fully qualified actuary according to the education syllabus of the International Actuarial Association and the core syllabus of the Actuarial Association of Europe as well as according to the regulations of the Actuarial Association of Austria (AVÖ). The course also meets the requirements by the Austrian Financial Market Authority with respect to the (deputy) responsible actuary (§§114 –116 Austrian Insurance Supervision Act as well as §§21d and 21e Austrian Pension Fund Act), the head of the actuarial function (§113 Austrian Insurance Supervision Act as well as §21c Austrian Pension Fund Act), the head of the risk management function (§112 Austrian Insurance Supervision Act as well as §21a Austrian Pension Fund Act) and other management, governance or key functions (§120 Austrian Insurance Supervision Act as well as §21 Austrian Pension Fund Act). For continuing professional development (CPD) the course counts as 21 hours.

The course is suited to all those who want to acquire knowledge of risk management in insurance. Due to the updates of Solvency II and the introduction of new standards, the course differs significantly from previous lectures. Please find the detailed programmeon the following two pages.

Information:

For further information, please contact Sarah Lederer (sarah.lederer@sbg.ac.at) by e-mail with your telephone number. Your questions will be answered as soon as possible.

Registration:

Please send the attached registration form by e-mail (sarah.lederer@sbg.ac.at) or by post, and arrange for the amount to be transferred (at no cost to the recipient) to the following account before 7th April 2020: Salzburg Institute of Actuarial Studies (SIAS)IBAN: AT79 2040 4000 0001 2021 BIC: SBGSAT2S

Agenda

The course will spend the first two days focusing on value based and risk oriented management, covering everything from the regulatory framework and the economic balance sheet to state-of-the-art practices and processes in risk management.

A one and a half day workshop will then follow dealing with the challenges faced by the insurance industry today. Participants can work with their own laptops to achieve hands-on solutions.

Speakers/Presenters
Prof. Dr. Heinrich Schradin, Wolfgang Herold, René Knapp, Dr. Johann Kronthaler
Biographical details

Prof. Dr. Heinrich Schradin
Chair of General Business Administration, Risk Management and Insurance
at Cologne University
Visiting professor at Salzburg University

Wolfgang Herold
On-Site Inspection and Internal Models of Insurance and Pension Companies
Austrian Financial Market Authority (FMA), Vienna
Visiting professor at Salzburg University

René Knapp
Member of the Board
UNIQA Österreich Versicherungen AG, Vienna
Actuary AVÖ (Actuarial Association of Austria)
Visiting professor at Salzburg University

Dr. Johann Kronthaler
Partner
KPMG Advisory GmbH, Vienna
Actuary AVÖ (Actuarial Association of Austria)
Visiting professor at Salzburg University

File attachments
Attachment Size
Binding Registration Form 115.11 KB