CBI Solvency II Breakfast Briefing - 28 October 2015
Compliance Officers of Irish authorised insurance undertaking have today (2 October 2015) been sent an invitation to the forthcoming Solvency II Breakfast Briefing. Compliance Officers who have not received an email should contact solvencyIIevents@centralbank.ie so that we can update our records.
The Heads of Insurance will address Compliance Officers on a number of topics including the recent reorganisation of the Insurance Directorate and our revised supervisory approach under Solvency II. The presentations from the Heads of Insurance will be followed by a Q&A session. Attendees are welcome to submit any questions in advance of the event to solvencyIIevents@centralbank.ie. An outline of the event is provided below for information.
8.00am – 8.30am
Registration & Tea/Coffee.
8.30am - 8.40am
Welcome Remarks by Sylvia Cronin – Director of Insurance Supervision, Central Bank of Ireland
8.40am – 9.05am
Address by Mark Burke – Head of Insurance - Advisory, Analytics & Actuarial Services.
9.05am – 9.30am
Address by Kieran Murphy – Head of Insurance - Supervision.
9.30am - 10.00am
Q&A Session moderated by Tim O’Hanrahan, Solvency II Programme Manager.
17 June 2015 - Presentation to the Society of Actuaries Solvency II Forum
On 17 June 2015 Grace von Offenberg Sweeney and Graham Cherry presented the attached Central Bank update on Solvency II to the Society of Actuaries in Ireland. The presentation and the accompanying Speaking Notes can be viewed via the following links:
20 April 2015 - Solvency II Industry Forum
The Director of Insurance, Sylvia Cronin, hosted an industry forum on Solvency II in the Radisson Hotel, Golden Lane on April 20th 2015.
The main purpose of the event was to communicate directly with CEOs and senior executives on the Central Bank's expectations around Solvency II implementation. Invitations to the forum were extended to CEOs and senior executives of all Irish authorised insurance undertakings. There was a capacity attendance of 340 which included over 250 CEOs and senior executives from regulated undertakings and over 50 representatives from professional services firms, industry bodies and other external stakeholders.
The opening address was delivered by Deputy Governor Cyril Roux and this was followed by a keynote speech by the Chairman of EIOPA, Gabriel Bernardino. Sylvia Cronin delivered the final address which was followed by a Q&A panel discussion.
13 April 2015 - Industry Demo of ONR System
Venue: Goldsmith Hall 1, Radisson Blu Hotel, Golden Lane, Dublin 8
Staff from the Central Bank of Ireland's Information Technology Division gave a demonstration of the ONR System to be used for the submission of Solvency II Preparatory Reporting data. The session was attended by approximately 60 individuals in insurance undertakings who are responsible for submitting regulatory returns to the Bank.
25 November 2013 - Industry Briefing on Guidelines on Preparing for Solvency II
On Monday 25th November the Central Bank of Ireland hosted an industry briefing on the Guidelines on Preparing for Solvency II. The briefing focussed on the Central Bank’s approach to the implementation of the preparatory guidelines. The presentation from the briefing is available below.
May 2013 - Industry Briefing on Guidelines on Preparing for Solvency II
On Friday 24th May 2013 the Central Bank of Ireland hosted an industry briefing on the draft Guidelines on preparing for Solvency II. The briefing provided representatives of insurance and reinsurance undertakings with further detail regarding EIOPA’s recently published consultation on the draft Guidelines (available at https://eiopa.europa.eu/consultations/consultation-papers/index.html )
The briefing consisted of a presentation of an overview of the Guidelines by Ana Teresa Moutinho of EIOPA and an outline of the proposed approach of the Central Bank of Ireland by Gareth Colgan, Deputy Head of Prudential Policy Division.
July 2012 - Briefing on ORSA Reporting Framework for Medium Low & Low Impact Undertakings
The Central Bank of Ireland hosted a Briefing on the ORSA Reporting Framework in the Alexander Hotel on Wednesday 25th July. This event was specifically aimed at individuals involved in the ORSA process at Medium Low and Low impact insurance and reinsurance firms. The presentations and updates by speakers from the Central Bank of Ireland are available below.
November 2011 - Solvency II Forum
The Central Bank of Ireland hosted its latest Solvency II Forum on Tuesday 29th November 2011 in the Alexandra Hotel, Dublin. The Forum was aimed at people responsible for implementing the SII Directive at impacted insurance and reinsurance firms. The presentations and updates by speakers from the Central Bank of Ireland are available below.
May 2011 - Solvency II Forum
Date: Thursday May 12th 2011, 8.30am - 1.00pm
Venue: The Alexander Hotel, Fenian St, Dublin 2
This half-day session included presentations and speakers from both the Central Bank and Department of Finance. The forum was aimed at individuals responsible for implementing the Solvency II Directive at affected insurance and reinsurance firms. The forum achieved a capacity attendance of 360 representatives from the insurance industry. Copies of the various presentations are available below.
October 2010 - Solvency II Forum for Independent Non-Executive Directors
Date: Thursday Oct 21st 2010 10am – 12noon
Venue: Central Bank of Ireland, Dame Street, Dublin 2
The forum highlighted the new responsibilities attaching to Independent Non-Executive Directors under the Solvency II regime. The panel of speakers presented and discussed examples of questions an INED should be asking in relation to Solvency II. Participants were also afforded the opportunity to put questions to the panel.
This forum was similar to the one held in June 2010. Registration was limited to INEDs who did not attend the previous forum. Notes and a podcast of the previous forum are available below.
September 2010 - QIS 5 Workshops
Workshops on QIS5 were held in September. The main aims of the workshops were to provide detailed technical assistance to aid companies in understanding the requirements of QIS5 and completing the associated spreadsheets. The workshops were aimed at all professionals involved in completing QIS5. They tried to address issues that firms had initially encountered and identified with the technical specification and spreadsheets. The workshops were not intended to give a basic understanding of the QIS5 process nor an initial walkthrough of the spreadsheets. To benefit from the workshops, participants needed to already have a working knowledge of the process and spreadsheet. Each workshop took the form of a discussion, led by members of the Central Bank of Ireland. Queries were invited in advance in order to assist a considered response being available. A Q&A document from the workshops is available below.
June 2010 - Solvency II Forum for INEDs and Directors
On 24th June 2010, the Central Bank of Ireland, hosted a Forum for INEDs and Directors with responsibility for Solvency II. The content and format was similar to the October 21st Forum outlined above.
Date: Thursday June 24th 2010 10am – 12noon
Venue: Central Bank of Ireland, Dame Street, Dublin 2
May 2010 - Industry/Supervisory Forum
On 11th May 2010, the Financial Regulator, now the Central Bank of Ireland, hosted a Solvency II Forum. Please see below for relevant documentation on this forum.
Date: Tuesday May 11th 2010
Venue: Radisson Hotel, Golden Lane, Dublin 2
May 2010 - Presentation to the Society of Actuaries in Ireland (SOAI)
Solvency II update presented to the Society of Actuaries by Dermot Marron, Actuary, Insurance Supervision Department