With this program, the student will be able to perform an analysis of the composition of the economic balance sheet under the Solvency II regulations. Also, in the valuation of assets, liabilities, and equity according to this regulation. In addition, the student will examine the various actuarial calculation techniques currently used in the industry. A qualitative valuation of risks will also be carried out, with the aim of achieving greater efficiency, productivity, and profitability of the entities. This is achieved by establishing appropriate principles for risk management and internal control through corporate governance.

With the Relearning method, you will , reduce the hours of study and strengthen your understanding in the long term"

Syllabus

TECHhas designed this Postgraduate certificate in Tools for Economic Solvency in Insurance Companies, which will delve into the calculation of capital charge requirements and liquidity ratios. To achieve this, each of the elements that make up the threat map will be analyzed, breaking down the calculation method for the market, health, credit, life, non-life, and intangible sub-risks.

In addition, this program will address topics such as the development of diversification elements and matrices used by insurance companies to optimize their capital charge and reduce their cost of capital. Likewise, the casuistry of intra-group operations will be discussed, and the new International Accounting Standard (IFRS17) will be addressed. This standard recently came into force with the aim of achieving greater comparability of the financial statements of companies in the insurance sector.

In order to provide an excellent education, this degree will be available in a 100% online format. In this way, students will have the opportunity to access a wide range of educational materials, such as specialized readings and interactive summaries. All this will be available in the virtual library that TECHwill make available. In addition, the Relearning methodology will be implemented, thus ensuring unique and effective learning. In addition, participants will be able to access the content at any time and place since they will only need an electronic device with an internet connection.

This Postgraduate certificate is developed over 6 weeks and consists of 2 modules.

Module 1. Composition of the economic balance sheet under the Solvency rules II
Module 2. Solvency II: prudent management of the insurance business

Where, When and How is it Taught?

TECHoffers the possibility of developing this Postgraduate certificate in Tools for Economic Solvency in Insurance Companies completely online. During the 12 weeks of the specialization, the student will be able to access all the contents of this program at any time, which will allow the students to self-manage their study time.

Module 1. Composition of the economic balance sheet under the Solvency Regulation II

1.1. Solvency II

1.1.1. Solvency definition process II
1.1.2. Solvency II vs. solvency comparison I
1.1.3. Scope of Application
1.1.4. Solvency structuring II
1.1.5. Solvency transition measures II
1.1.6. Revision of solvency regulations II

1.2. Economic balance: Assets

1.2.1. Asset Valuation (NIIF13)
1.2.2. Intangible assets
1.2.3. Financial and operating leases
1.2.4. Tangible assets
1.2.5. Inversions
1.2.6. Matching adjustment and replicant Portfolio

1.3. Economic balance: Liabilities

1.3.1. Technical Provisions Separation by LOB
1.3.2. Liability calculation: as a whole vs. Best estimate
1.3.3. Calculation of the present value of provisions

1.4. Economic balance: Net Assets

1.4.1. Valuation of net worth Basic own funds
1.4.2. Valuation of net worth Supplementary own funds
1.4.3. Quality of own funds, Equity Tier
1.4.4. Minimum Capital Requirement II (MCR)
1.4.5. Risk map. Standard formula vs. Internal/partial model

1.5. Life underwriting risk

1.5.1. Underwriting risk in life insurance
1.5.2. Underwriting risk in death insurance
1.5.3. Underwriting risk in health insurance (life insurance techniques)

1.6. Market Risks

1.6.1. Market Risk
1.6.2. Interest Rate Risk
1.6.3. Equity Risk
1.6.4. Real estate risk
1.6.5. Spread risk
1.6.6. Concentration risk
1.6.7. Currency risk

1.7. Non-life underwriting risk

1.7.1. Non-life underwriting risk: Premium and reserve; fall and catastrophe
1.7.2. Underwriting risk in health insurance (non-life techniques)
1.7.3. USP Own parameters

1.8. Operational risk, credit risk, and BSCR calculation.

1.8.1. Operational risk
1.8.2. Methods for calculating operational risk
1.8.3. Introduction to Credit Risk
1.8.4. Methods for calculating operational risk
1.8.5. Global Risk Aggregation Matrix BSCR

1.9. SCR between groups: financial situation

1.9.1. Participating entity
1.9.2. Related entity
1.9.3. Groups subject to monitoring
1.9.4. Consolidation methods and calculation of the group's solvency

1.10. New regulations: IFRS 17

1.10.1. IFRS 17
1.10.2. BBA Method
1.10.3. VFA Method
1.10.4. PAA Method
1.10.5. Transition

Module 2. Solvency II Private Management of the Insurance Activity

2.1. Governance and Risk Management System

2.1.1. Aptitude and honorability
2.1.2. Conflicts of Interest
2.1.3. Risk Management System

2.2. Own Risk and Solvency Assessment (ORSA)

2.2.1. ORSA Process
2.2.2. Significant risks: Stress testing and scenario analysis.
2.2.3. Description and contents of the ORSA report

2.3. Risk Appetite and Tolerance

2.3.1. Considerations for determining risk appetite
2.3.2. Methodology
2.3.3. Reference Frameworks

2.4. Internal Control and Internal Audit

2.4.1. Internal control system
2.4.2. Internal audit function
2.4.3. Risk map

2.5. Actuarial Function

2.5.1. Organizational Structure
2.5.2. Lines of defense
2.5.3. Scope of actuarial function

2.6. Financial and Solvency Report

2.6.1. Governance System
2.6.2. Risk Profile
2.6.3. Valuation for solvency and capital management purposes

2.7. Periodic monitoring report

2.7.1. Scope
2.7.2. Objectives
2.7.3. Expected future risks

2.8. Reporting Models Quantitative - Quarterly

2.8.1. Information required for monitoring
2.8.2. Taxonomy
2.8.3. Periodicity

2.9. Reporting Models Quantitative - annual

2.9.1. Information required for monitoring
2.9.2. Taxonomy
2.9.3. Periodicity

2.10. Internal Models. Other Considerations

2.10.1. Internal Models.
2.10.2. Captive Companies
2.10.3. Review of EU insurance regulations

A unique, key, and decisive educational experience to boost your professional development and make the definitive leap"

Through this program, the business professional will acquire knowledge and skills about the regulations and requirements established by Solvency II. In this way, they will be able to provide strategic advice and regulatory compliance to insurance companies, ensuring their financial stability.

You will delve into the private management of the insurance activity, thanks to this Postgraduate certificate 100% online"

TECHmakes the goals of their students their own goals too
Working together to achieve them

This Postgraduate certificate in Economic Solvency Tools for Insurance Companies will enable students to:

1. Develop specialized knowledge on the implementation and operation of foreign countries' insurance companies in other countries: (i) within the European Union as well as (ii) from non-European Union countries
2. Develop the peculiarities of the insurance contract
3. Examine the international regulatory framework of the insurance market and its recent evolution.
4. Delimiting the framework for compliance with the insurance activity
5. Analyze the evolution of insurance
6. Reflecting on the insurance implications of non-sectoral regulations
7. Assess the impact of information security on the insurance legislative framework.
8. Determine the interplay between consumer and insurance law and its consequences.
9. Develop specialized knowledge about insurance and the key concepts that define the insurance business.
10. Determine the importance of risk as an essential element for the insurance activity.
11. Examine the general operation of the insurance business and the regulations governing its activity.
12. Establish the relevance of the management of risks faced by insurance companies as a key element in the management of insurance companies.
13. Identify the most immediate challenges facing risk management.
14. Analyze the global insurance market with a focus on the distribution business.
15. Determine what is considered insurance distribution at both the European and international levels.
16. Identify the main players involved in the distribution business.
17. Examine the importance of consumer protection measures.
18. Developing key aspects of the compliance function
19. Identify international standards in the area of regulatory compliance
20. Specify the interrelationships between the compliance function and the rest of the organizations.