Course Outline
Module 1
- Introduction
- Regulatory Compliance and Risk Management
- The definition of Governance, Risk and Compliance
- Insurance and Reinsurance risks
Module 2
- Regulatory Reporting
- High-level principles of information to be received by the supervisory authority
- Own Risk and Solvency Assessment (ORSA)
- Solvency and Financial Condition Report (SFCR)
- Quantitative reporting templates
- Report to Supervisors (RTS)
- The Supervisory Review Process (SRP) and the ORSA
- The new focus on Risk Management ORSA – The Internal Assessment Process
Module 3
- Internal Controls
- The Control Environment
- Risk Assessment
- Control Activities
- Information and Communication
- Monitoring
- Effectiveness and Effciency of Operations
- Reliability of Financial Reporting
- Compliance with applicable laws and regulations